March 8, 2021/InvestmentOne Report
The Nigerian equities market closed up today as NSE-ASI gained 0.17% to close at 39,396.57pts.
In today’s trade, market breadth index was positive with 25 gainers against 14 losers.
LINKASSURE (+10.00%) led the gainer’s chart today, while MEYER (-10.00%) was the top loser.
ZENITHBANK (-1.58%) was the most actively traded stock with about 66million units of shares worth about N1.67billion.
Sector Performances
- NSE Oil & Gas Index: Increased by 1.01%, on the back of gains in ARDOVA (+10.00%) and OANDO (+9.43%).
- NSE Industrial Index: Advanced by 0.47% due to buy interest in WAPCO (+7.66%).
- NSE Consumer Goods Index: Lost 0.06%, as a result of sell-off in CADBURY (-3.61%).
- NSE Banking Index: Shed 0.03% on account of negative sentiment in FIDELITYBK (-6.09) and ZENITHBANK (-1.58%).
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
| Year to date change (%)
|
1
| ACCESS
| 8.00
| 2.56%
| 2.56%
| -5.33%
|
2
| DANGCEM
| 220.00
| 0.00%
| 0.00%
| -10.17%
|
3
| FBNH
| 7.30
| 2.82%
| 2.82%
| 2.10%
|
4
| FIDELITYBK
| 2.16
| -6.09%
| -6.09%
| -14.29%
|
5
| GUARANTY
| 31.05
| 0.16%
| 0.16%
| -4.02%
|
6
| MTNN
| 170.00
| 0.00%
| 0.00%
| 0.06%
|
7
| UBA
| 8.00
| 0.63%
| 0.63%
| -7.51%
|
8
| SEPLAT
| 539.90
| 0.00%
| 0.00%
| 34.20%
|
9
| ZENITHBANK
| 24.90
| -1.58%
| -1.58%
| 0.40%
|
10
| OKOMUOIL
| 93.00
| 0.00%
| 0.00%
| 2.20%
|
11
| BUACEMENT
| 74.75
| 0.00%
| 0.00%
| -3.36%
|
12
| AIRTELAFRI
| 930.00
| 0.00%
| 0.00%
| 9.18%
|
The equities market closed up today due to positive sentiment in the Oil and Gas 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.
