March 11, 2021/InvestmentOne Report
The Nigerian equities market closed down today as NSE-ASI shed 0.57% to close at 38,707.87pts.
However, market breadth index was positive with 23 gainers against 11 losers.
SMURFIT (+10.00%) led the gainer’s chart today, while AFRINSURE (-8.33%) was the top loser.
AIICO (+4.27%) was the most actively traded stock with about 19million units of shares worth about N23.34million.
Sector Performances
- NSE Industrial Index: Declined by 1.70% as a result of sell pressure in DANGCEM (-3.51%).
- NSE Consumer Goods Index: Advanced 0.68%, due to gains in INTBREW (+9.89%), CHAMPION (+9.09%), HONYFLOUR (+6.03%) and GUINNESS (+1.73%).
- NSE Banking Index: Gained 0.01% on account of buy interests in STERLNBANK (+1.97%), FIDELITYBK (+1.82%), GUARANTY (+0.81%), and FBNH (+0.71%).
- NSE Oil & Gas Index: Closed flat.
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%
| 0.00%
| -7.69%
|
2
| DANGCEM
| 220.00
| -3.51%
| 0.00%
| -10.17%
|
3
| FBNH
| 7.10
| 0.71%
| 0.00%
| -0.70%
|
4
| FIDELITYBK
| 2.24
| 1.82%
| -2.61%
| -11.11%
|
5
| GUARANTY
| 30.95
| 0.81%
| -0.16%
| -4.33%
|
6
| MTNN
| 160.00
| 0.00%
| -5.88%
| -5.83%
|
7
| UBA
| 6.95
| -0.71%
| -12.58%
| -19.65%
|
8
| SEPLAT
| 540.00
| 0.00%
| 0.02%
| 34.23%
|
9
| ZENITHBANK
| 21.45
| -1.38%
| -15.22%
| -13.51%
|
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 Industrial and Oil and Gas 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.
