March 23, 2021
By Yakubu LAAH InvestAdvocate
Lagos (INVESTADVOCATE)-The Nigerian equities market on Tuesday closed down as benchmark index lost 0.05 percent to close at 38,704.97 basis points dragged by tier one banking stocks, Ecobank Transnational Incorporate, Sterling Bank Plc and Zenith Bank Plc.
InvestmentOne reports in today’s trade, market breadth index was somewhat flat with 20 losers compared to 19 gainers.
According to the report, Chemical and Allied Products Plc CAP with a gain of +10.00 percent led the gainer’s chart, while Livestock Feeds Plc with a loss of -9.52 percent emerged the worst loser.
The reports says sugar refiner, Dangote Sugar Refinery Plc with a loss of -0.59 percent was the most actively traded stock with about 107.08 million units of shares worth about N1.80 billion.
In terms of sector performance, the Nigerian Stock Exchange (NSE) Banking index shed 0.65 percent on account of sell-offs in the shares of ETI (-5.88 percent), ZENITHBANK (-2.22 percent) and STERLNBANK (-0.67 percent).
The NSE Oil and Gas index gained 0.13 percent, as a result of the buy interest in the shares of oil marketing major, Oando Plc with a gain of +1.63 percent.
In the same vein, the NSE Consumer Goods index rose by 0.11 percent, due to gains in the shares of beermaker, Nigerian Breweries Plc which appreciated by +2.13 percent, while the 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
| 8.25
| 1.23%
| 2.48%
| -2.37%
|
2
| DANGCEM
| 220.00
| 0.00%
| 0.00%
| -10.17%
|
3
| FBNH
| 7.20
| -0.69%
| -1.37%
| 0.70%
|
4
| FIDELITYBK
| 2.35
| 0.00%
| 1.29%
| -6.75%
|
5
| GUARANTY
| 31.05
| 0.16%
| 0.16%
| -4.02%
|
6
| MTNN
| 157.20
| 0.13%
| 0.13%
| -7.47%
|
7
| UBA
| 6.90
| 0.00%
| -3.50%
| -20.23%
|
8
| SEPLAT
| 550.00
| 0.00%
| 0.00%
| 36.71%
|
9
| ZENITHBANK
| 22.00
| -2.22%
| -2.22%
| -11.29%
|
10
| OKOMUOIL
| 90.00
| 0.00%
| 0.00%
| -1.10%
|
11
| BUACEMENT
| 73.50
| 0.00%
| 5.08%
| -4.98%
|
12
| AIRTELAFRI
| 930.00
| 0.00%
| 0.00%
| 9.18%
|
InvestmentOne Research
“The equities market closed down today due to losses recorded in the Banking 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,” the report added.
