March 4, 2021/InvestmentOne Report
The Nigerian equities market closed down today as NSE-ASI declined by 0.40% to close at 39,364.67pts.
In today’s trade, market breadth index was negative with 12 gainers against 47 losers.
UPL (+9.91%) led the gainer’s chart today, while FIDSON (-10.00%) was the top loser.
UNIVINSURE was the most actively traded stock with about 83million units of shares worth about N16million.
Sector Performances
- NSE Banking Index: Lost 1.54% on account of negative sentiment in WEMABANK (-6.15%), FIDELITYBK (-3.91%), UBA (-3.64%), JAIZBANK(-1.47%), STERLNBANK(-1.35%), ZENITHBANK (-0.98%) and GUARANTY (-0.63%).
- NSE Consumer Goods Index: Declined by 1.47%, as a result of losses in NNFM (-9.97%), CHAMPION (-9.19%), DANGSUGAR (-6.25%), NB (-3.85%), PZ (-0.98%) and GUINNESS (-0.22%).
- NSE Oil & Gas Index: Shed 0.65%, on the back of sell-offs in ARDOVA (-9.85%), and OANDO (-3.33%).
- NSE Industrial Index: Advanced by 0.19% due to positive sentiment CAP (+5.26%) and WAPCO (+3.59%).
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
| Year to date change (%)
|
1
| ACCESS
| 7.80
| -3.11%
| -5.45%
| -7.69%
|
2
| DANGCEM
| 220.00
| 0.00%
| 0.00%
| -10.17%
|
3
| FBNH
| 7.05
| -0.70%
| -4.08%
| -1.40%
|
4
| FIDELITYBK
| 2.21
| -3.91%
| -9.43%
| -12.30%
|
5
| GUARANTY
| 31.50
| -0.63%
| 1.61%
| -2.63%
|
6
| MTNN
| 170.00
| 0.00%
| -2.30%
| 0.06%
|
7
| UBA
| 7.95
| -3.64%
| -2.45%
| -8.09%
|
8
| SEPLAT
| 583.00
| 0.00%
| 10.00%
| 44.92%
|
9
| ZENITHBANK
| 25.30
| -0.98%
| -0.59%
| 2.02%
|
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 most 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.
