March 25, 2021/InvestmentOne Report
The Nigerian equities market closed up today as NSE-ASI gains 0.53% to close at 39,293.14pts.
In the same vein, market breadth index was positive with 23 gainers against 12 losers.
WAPIC (+10.00%) led the gainer’s chart today, while SOVRENINS (-8.33%) was the top loser.
UBN was the most actively traded stock with about 79.57million units of shares worth about N421million.
Sector Performances
- NSE Banking Index: Gained 0.60%, as a result of the buy interest in STERLNBANK (+9.09%), ETI (+4.26%), JAIZBANK (+1.56%), FIDELITYBK (+1.31%), ACCESS (+1.22%) and GUARANTY(+0.48%).
- NSE Industrial Index: Rose by 0.07%, due to gain in WAPCO (+1.20%).
- NSE Consumer Goods Index: Dropped by 0.24%, on the back of negative sentiment in DANGSUGAR (-2.67%) and HONYFLOUR(-2.50%).
- NSE Oil and Gas Index: Shed 0.05% on account of sell-off in OANDO(-0.59%).
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
| Year to date change (%)
|
1
| ACCESS
| 8.30
| 1.22%
| 3.11%
| -1.78%
|
2
| DANGCEM
| 225.00
| 0.00%
| 2.27%
| -8.13%
|
3
| FBNH
| 7.25
| 0.00%
| -0.68%
| 1.40%
|
4
| FIDELITYBK
| 2.32
| 1.31%
| 0.00%
| -7.94%
|
5
| GUARANTY
| 31.15
| 0.48%
| 0.48%
| -3.71%
|
6
| MTNN
| 163.00
| 1.24%
| 3.82%
| -4.06%
|
7
| UBA
| 6.85
| -0.72%
| -4.20%
| -20.81%
|
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 Banking and Industrial 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.
