March 24, 2021/InvestmentOne Report
The Nigerian equities market closed up today as NSE-ASI gains 0.54% to close at 38,912.79pts.
In the same vein, market breadth index was positive with 20 gainers against 16 losers.
NPFMCRFBK (+9.60%) led the gainer’s chart today, while MRS (-9.70%) was the top loser.
GUARANTY (-0.16%) was the most actively traded stock with about 64.53million units of shares worth about N2.01billion.
Sector Performances
- NSE Consumer Goods Index: Rose by 0.73%, due to gains in GUINNESS(+8.76%), UNILEVER(+3.77%), INTBREW (+2.78%), CADBURY(+1.25%) and NB (+1.04%).
- NSE Oil and Gas Index: Gained 0.68%, as a result of the buy interest in OANDO (+8.68%).
- NSE Industrial Index: Increased by 0.65%, on the back of positive sentiment in DANGCEM (+2.27%).
- NSE Banking Index: Shed 0.21% on account of sell-offs in FIDELITYBK (-2.55%), ETI (-2.08) , ACCESS(-0.69%) and GUARANTY(-0.16%).
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
| Year to date change (%)
|
1
| ACCESS
| 8.20
| -0.61%
| 1.86%
| -2.96%
|
2
| DANGCEM
| 225.00
| 2.27%
| 2.27%
| -8.13%
|
3
| FBNH
| 7.25
| 0.69%
| -0.68%
| 1.40%
|
4
| FIDELITYBK
| 2.29
| -2.55%
| -1.29%
| -9.13%
|
5
| GUARANTY
| 31.00
| -0.16%
| 0.00%
| -4.17%
|
6
| MTNN
| 161.00
| 2.42%
| 2.55%
| -5.24%
|
7
| UBA
| 6.90
| 0.00%
| -3.50%
| -20.23%
|
8
| SEPLAT
| 550.00
| 0.00%
| 0.00%
| 36.71%
|
9
| ZENITHBANK
| 22.00
| 0.00%
| -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%
|
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.
