March 15, 2021/InvestmentOne Report
The Nigerian equities market closed down today as NSE-ASI shrank by 0.22% to close at 38,608.58pts.
In the same vein, market breadth index was marginally negative with 18 losers against 17 gainers.
WAPIC (+10.00%) led the gainer’s chart today, while REGALINS (-9.09%) was the top loser.
FBNH (+3.52%) was the most actively traded stock with about 31million units of shares worth about N225.9million.
Sector Performances
- NSE Consumer Goods Index: Contracted by 1.52%, as a result of sell-offs in NB (-5.34%), INTBREW (-3.77%), DANGSUGAR (-2.23%) and GUINNESS (-2.13%).
- NSE Banking Index: Shed 1.01% on account of negative sentiment in JAIZBANK (-4.62%), GUARANTY (-2.60%), UBN (-0.98%) and ZENITHBANK (-0.70%).
- NSE Oil & Gas Index: Climbed up by 0.66%, on the back of the gains in OANDO (+1.69%).
- NSE Industrial 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
| 0.00%
| 0.00%
| -10.17%
|
3
| FBNH
| 7.35
| 3.52%
| 3.52%
| 2.80%
|
4
| FIDELITYBK
| 2.39
| 3.91%
| 3.91%
| -5.16%
|
5
| GUARANTY
| 29.95
| -2.60%
| -2.60%
| -7.42%
|
6
| MTNN
| 158.00
| 0.00%
| 0.00%
| -7.00%
|
7
| UBA
| 7.20
| 0.70%
| 0.70%
| -16.76%
|
8
| SEPLAT
| 545.00
| 0.93%
| 0.93%
| 35.47%
|
9
| ZENITHBANK
| 21.20
| -0.70%
| -0.70%
| -14.52%
|
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 Banking 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.
