March 16, 2021/InvestmentOne Report
The Nigerian equities market closed up today as NSE-ASI rose by 0.41% to close at 38,720.81pts.
Conversely, market breadth index was negative with 20 losers against 11 gainers.
GUINNESS (+10.00%) led the gainer’s chart today, while WAPIC (-9.09%) was the top loser.
UBA (-2.78%) was the most actively traded stock with about 24million units of shares worth about N171million.
Sector Performances
- NSE Consumer Goods Index: Gained 0.23%, as a result of buy interests in GUINNESS (10.00%) and VITAFOAM (+5.44%).
- NSE Industrial Index: Rose by 1.70%, on the back of the gains in DANGCEM (+3.55%).
- NSE Banking Index: Shed 3.51% on account of negative sentiment in FIDELITY (-6.69%), ETI (-5.83%), GUARANTY (-4.84%), ZENITHBANK (-4.25%) and WEMABANK (-3.23%).
- NSE Oil and 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
| 227.80
| 3.55%
| 3.55%
| -6.98%
|
3
| FBNH
| 7.30
| -0.68%
| 2.82%
| 2.10%
|
4
| FIDELITYBK
| 2.23
| -6.69%
| -3.04%
| -11.51%
|
5
| GUARANTY
| 28.50
| -4.84%
| -7.32%
| -11.90%
|
6
| MTNN
| 159.90
| 1.20%
| 1.20%
| -5.89%
|
7
| UBA
| 7.00
| -2.78%
| -2.78%
| -19.08%
|
8
| SEPLAT
| 545.00
| 0.00%
| 0.93%
| 35.47%
|
9
| ZENITHBANK
| 20.30
| -4.25%
| -4.92%
| -18.15%
|
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 gains recorded in the 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.
