March 22, 2021/InvestmentOne Report
The Nigerian equities market closed up today as NSE-ASI gains 0.89% to close at 38,722.87pts.
In today’s trade, market breadth index was positive with 26 gainers against 8 losers.
STANBIC (+10.00%) led the gainer’s chart today, while CHAMPION (-8.20%) was the top loser.
UBN was the most actively traded stock with about 79.89million units of shares worth about N423.42million.
Sector Performances
- NSE Industrial Index: Surged by 2.12%, on the back of positive sentiment in BUACEMENT (-6.42%).
- NSE Consumer Goods Index: Rose by 0.29%, due to gains in INTBREW (+5.88%) and VITAFOAM (+3.85%).
- NSE Oil and Gas Index: Gained 0.14%, as a result of the buy interests in ARDOVA (+3.70%) and OANDO (+0.33%).
- NSE Banking Index: Shed 0.01% on account of sell-offs in JAIZBANK (-4.48%).
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
| Year to date change (%)
|
1
| ACCESS
| 8.15
| 1.24%
| 1.24%
| -3.55%
|
2
| DANGCEM
| 220.00
| 0.00%
| 0.00%
| -10.17%
|
3
| FBNH
| 7.25
| -0.68%
| -0.68%
| 1.40%
|
4
| FIDELITYBK
| 2.35
| 1.29%
| 1.29%
| -6.75%
|
5
| GUARANTY
| 31.00
| 0.00%
| 0.00%
| -4.17%
|
6
| MTNN
| 157.00
| 0.00%
| 0.00%
| -7.59%
|
7
| UBA
| 6.90
| -3.50%
| -3.50%
| -20.23%
|
8
| SEPLAT
| 550.00
| 0.00%
| 0.00%
| 36.71%
|
9
| ZENITHBANK
| 22.50
| 0.00%
| 0.00%
| -9.27%
|
10
| OKOMUOIL
| 90.00
| 0.00%
| 0.00%
| -1.10%
|
11
| BUACEMENT
| 73.50
| 5.08%
| 5.08%
| -4.98%
|
12
| AIRTELAFRI
| 930.00
| 0.00%
| 0.00%
| 9.18%
|
The equities market closed up today due to gains recorded 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.
