March 10, 2021/InvestmentOne Report
The Nigerian equities market closed up today as NSE-ASI gained 0.63% to close at 38,931.25pts.
In today’s trade, market breadth index was flat with 23 losers against 23 gainers.
MORISON (+9.72%) led the gainer’s chart today, while CHIPLC (-10.00%) was the top loser.
UBA (-2.78%) was the most actively traded stock with about 74million units of shares worth about N523.36million.
Sector Performances
- NSE Industrial Index: Increased by 1.74% due to gain in DANGCEM (+3.64%).
- NSE Consumer Goods Index: Gained 0.40%, as a result of buy-interests in CHAMPION (+8.91%), NESTLE (+1.85%) and NB (+1.01%).
- NSE Banking Index: Lost 0.35% on account of sell-offs in UBA (-2.78%), FBNH (-2.76%), and GUARANTY (-0.97%).
- NSE Oil & Gas Index: Shed 0.03%, on the back of losses in ETERNA (-10.00%) and CONOIL (-9.79%).
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
| 0.65%
| 0.00%
| -7.69%
|
2
| DANGCEM
| 228.00
| 3.64%
| 3.64%
| -6.90%
|
3
| FBNH
| 7.05
| -2.76%
| -0.70%
| -1.40%
|
4
| FIDELITYBK
| 2.20
| 0.92%
| -4.35%
| -12.70%
|
5
| GUARANTY
| 30.70
| -0.97%
| -0.97%
| -5.10%
|
6
| MTNN
| 160.00
| 0.00%
| -5.88%
| -5.83%
|
7
| UBA
| 7.00
| -2.78%
| -11.95%
| -19.08%
|
8
| SEPLAT
| 540.00
| 0.02%
| 0.02%
| 34.23%
|
9
| ZENITHBANK
| 21.75
| 0.00%
| -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 up today due to positive sentiment in Industrial and Consumer Goods 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.
