March 12, 2021/InvestmentOne Report
The Nigerian equities market closed down today as NSE-ASI declined by 0.13% to close at 38,648.48pts. Also, the index lost 1.73% WTD.
In the same vein, market breadth index was negative with 17 gainers against 23 losers.
REGALINS (+10.00%) led the gainer’s chart today, while SFSREIT (-9.96%) was the top loser.
TRANSCORP (-5.68%) was the most actively traded stock with about 56.9million units of shares worth about N45.9million.
Sector Performances
- NSE Oil & Gas Index: Declined 0.23%, as a result of the loss in OANDO (-2.96%).
- NSE Banking Index: Shed 0.09% on account of negative sentiment in UNITYBNK (-9.59%), WEMABANK (-6.15%), GUARANTY (-0.65%), STERLNBANK (-0.65%) and ZENITHBANK (-0.47%).
- NSE Industrial Index: Lost 0.01% due to sell-offs in CUTIX (-1.50%) and WAPCO (-0.23%).
- NSE Consumer Goods Index: Gained 1.03%, as a result of buy interests in FLOURMILL (+10.00%), INTBREW (+6.00%), CHAMPION (+1.67%) and NB (+0.71%).
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
| 0.00%
| 0.00%
| -10.17%
|
3
| FBNH
| 7.10
| 0.00%
| 0.00%
| -0.70%
|
4
| FIDELITYBK
| 2.30
| 2.68%
| 0.00%
| -8.73%
|
5
| GUARANTY
| 30.75
| -0.65%
| -0.81%
| -4.95%
|
6
| MTNN
| 158.00
| -1.25%
| -7.06%
| -7.00%
|
7
| UBA
| 7.15
| 2.88%
| -10.06%
| -17.34%
|
8
| SEPLAT
| 540.00
| 0.00%
| 0.02%
| 34.23%
|
9
| ZENITHBANK
| 21.35
| -0.47%
| -15.61%
| -13.91%
|
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 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.
