March 5, 2021/InvestmentOne Report
The Nigerian equities market closed down today as NSE-ASI declined by 0.08% to close at 39,331.61pts. In the same vein, the index lost 1.18% WTD.
In today’s trade, market breadth index was negative with 20 gainers against 27 losers.
MORISON (+10.00%) led the gainer’s chart today, while TRIPPLEG (-10.00%) was the top loser.
MANSARD (-3.85%) was the most actively traded stock with about 282million units of shares worth about N282.42million.
Sector Performances
- NSE Oil & Gas Index: Declined 5.31%, on the losses in OANDO (-8.62%), ARDOVA (-7.85%) and SEPLAT (-7.39%).
- NSE Banking Index: Shed 0.53% on account of negative sentiment in WEMABANK (-9.84%), and GUARANTY (-1.59%).
- NSE Consumer Goods Index: Lost 0.16%, as a result of sell-offs in NASCON (-9.72%), HONYFLOUR (-4.17%), VITAFOAM (-1.96%) and NB (-1.00%).
- NSE Industrial Index: Advanced by 0.55% due to buy interest in WAPCO (+9.90%).
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
| 0.00%
| -5.45%
| -7.69%
|
2
| DANGCEM
| 220.00
| 0.00%
| 0.00%
| -10.17%
|
3
| FBNH
| 7.10
| 0.71%
| -3.40%
| -0.70%
|
4
| FIDELITYBK
| 2.30
| 4.07%
| -5.74%
| -8.73%
|
5
| GUARANTY
| 31.00
| -1.59%
| 0.00%
| -4.17%
|
6
| MTNN
| 170.00
| 0.00%
| -2.30%
| 0.06%
|
7
| UBA
| 7.95
| 0.00%
| -2.45%
| -8.09%
|
8
| SEPLAT
| 539.90
| -7.39%
| 1.87%
| 34.20%
|
9
| ZENITHBANK
| 25.30
| 0.00%
| -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.
