March 3, 2021/InvestmentOne Report
The Nigerian equities market closed down today as NSE-ASI declined by 0.44% to close at 39,522.06pts.
In today’s trade, market breadth index was negative with 16 gainers against 30 losers.
SEPLAT (+10.00%) led the gainer’s chart today, while JAPAULGOLD (-10.00%) was the top loser.
ZENITHBANK (-0.39%) was the most actively traded stock with about 41million units of shares worth about N1.06billion.
Sector Performances
- NSE Consumer Goods Index: Declined by 0.45%, on account of the sell-offs in CHAMPION (-9.76%), INTBREW (-4.48%) and DANGSUGAR (-1.40%).
- NSE Industrial Index: Fell by 0.41% as a result of loss in WAPCO (-7.14%).
- NSE Oil & Gas Index: Advanced 5.02%, on the back of gain in SEPLAT (+10.00%).
- NSE Banking Index: Closed flat.
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
| Year to date change (%)
|
1
| ACCESS
| 8.05
| -0.62%
| -2.42%
| -4.73%
|
2
| DANGCEM
| 220.00
| 0.00%
| 0.00%
| -10.17%
|
3
| FBNH
| 7.10
| 0.00%
| -3.40%
| -0.70%
|
4
| FIDELITYBK
| 2.30
| -2.13%
| -5.74%
| -8.73%
|
5
| GUARANTY
| 31.70
| 0.63%
| 2.26%
| -2.01%
|
6
| MTNN
| 170.00
| -2.30%
| -2.30%
| 0.06%
|
7
| UBA
| 8.25
| 0.61%
| 1.23%
| -4.62%
|
8
| SEPLAT
| 583.00
| 10.00%
| 10.00%
| 44.92%
|
9
| ZENITHBANK
| 25.55
| -0.39%
| 0.39%
| 3.02%
|
10
| OKOMUOIL
| 93.00
| 0.00%
| 0.00%
| 2.20%
|
11
| BUACEMENT
| 74.75
| 0.00%
| 3.82%
| -3.36%
|
12
| AIRTELAFRI
| 930.00
| 0.00%
| 0.00%
| 9.18%
|
The equities market closed down today due to negative sentiment in the Consumer Goods and Industrial sectors. While we believe the risk-off sentiment on the back of weak oil price, as well as the impact of the Coronavirus, could continue to weigh in on the equities market, we opine that the equities market still presents decent opportunities for investors chasing positive real return on investments.
