March 18, 2021/InvestmentOne Report
The Nigerian equities market closed up today as NSE-ASI rose by 0.54% to close at 38,914.84pts.
In the same vein, market breadth index was positive with 22 gainers against 12 losers.
ETERNA (-9.96%) led the gainer’s chart today, while WAPIC (-9.09%) was the top loser.
UNITYBNK (-2.78%) was the most actively traded stock with about 1billion units of shares worth about N700million.
Sector Performances
- NSE Banking Index: Gained 4.40% on account of buy-interests in ZENITHBANK (+7.32%), GUARANTY (+6.43%), FIDELITYBK (+4.11%), WEMABANK (+1.69%), ACCESS(+0.64%) and FCMB (+0.35%).
- NSE Industrial Index: Increased by 0.16%, as a result of positive sentiment in WAPCO (+2.73%) and CUTIX( +1.52%).
- NSE Consumer Goods Index: Declined by 0.24%, on the back of sell-off in HONYFLOUR (-0.07%).
- NSE Oil and Gas Index: Shed 0.13%, as a result of the loss in OANDO (-3.04%).
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
| Year to date change (%)
|
1
| ACCESS
| 7.85
| 0.64%
| 0.64%
| -7.10%
|
2
| DANGCEM
| 227.80
| 0.00%
| 3.55%
| -6.98%
|
3
| FBNH
| 7.20
| 0.00%
| 1.41%
| 0.70%
|
4
| FIDELITYBK
| 2.28
| 4.11%
| -0.87%
| -9.52%
|
5
| GUARANTY
| 29.80
| 6.43%
| -3.09%
| -7.88%
|
6
| MTNN
| 159.90
| 0.00%
| 1.20%
| -5.89%
|
7
| UBA
| 7.10
| 1.43%
| -0.70%
| -17.92%
|
8
| SEPLAT
| 550.00
| 0.00%
| 1.85%
| 36.71%
|
9
| ZENITHBANK
| 22.00
| 7.32%
| 3.04%
| -11.29%
|
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 Banking and Industrial goods sector. 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.
