March 9, 2021/InvestmentOne Report
The Nigerian equities market closed down today as NSE-ASI lost 1.80% to close at 38,686.85pts.
In today’s trade, market breadth index was negative with 14 losers against 26 gainers.
CHAMPION (+9.78%) led the gainer’s chart today, while UBA (-10.00%) was the top loser.
UBA (-10.00%) was the most actively traded stock with about 123million units of shares worth about N887.63million.
Sector Performances
- NSE Banking Index: Lost 5.30% on account of negative sentiment in UBA (-10.00%), STERLNBANK (-8.81%), ACCESS (-3.13%) and ZENITHBANK (-2.03%).
- NSE Industrial Index: Shed 0.52% due to sell-off in WAPCO (-7.95%).
- NSE Oil & Gas Index: Declined by 0.15%, on the back of loss in ETERNA (-10.00%).
- NSE Consumer Goods Index: Rose by 0.39%, as a result of buy-interests in CHAMPION (+9.78%), DANGSUGAR (+7.99%) and NASCON (+7.69%).
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
| Year to date change (%)
|
1
| ACCESS
| 7.75
| -3.13%
| -0.64%
| -8.28%
|
2
| DANGCEM
| 220.00
| 0.00%
| 0.00%
| -10.17%
|
3
| FBNH
| 7.25
| -0.68%
| 2.11%
| 1.40%
|
4
| FIDELITYBK
| 2.18
| 0.93%
| -5.22%
| -13.49%
|
5
| GUARANTY
| 31.00
| -0.16%
| 0.00%
| -4.17%
|
6
| MTNN
| 160.00
| -5.88%
| -5.88%
| -5.83%
|
7
| UBA
| 7.20
| -10.00%
| -9.43%
| -16.76%
|
8
| SEPLAT
| 539.90
| 0.00%
| 0.00%
| 34.20%
|
9
| ZENITHBANK
| 21.75
| -2.03%
| -14.03%
| -12.30%
|
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 down today due to negative sentiment in 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.
