March 29, 2021/InvestmentOne Report
The Nigerian equities market closed up today as NSE-ASI gained 0.71% to close at 39,493.37pts.
In today’s trade, market breadth index was positive with 28 gainers against 12 losers.
COURTVILLE (+10.00%) led the gainer’s chart today, while CORNERST (-9.84%) was the top loser.
GUARANTY (+4.28%) was the most actively traded stock with about 230.37million units of shares worth about N7.39billion.
Sector Performances
- NSE Banking Index: Gained 2.06%, as a result of the buy interest in JAIZBANK (+8.47%), ETI (+6.00%), GUARANTY (+4.28%), FIDELITYBK (+3.45%), WEMABANK (+3.33%), UBA(+1.47%), and ZENITHBANK(+0.23%).
- NSE Consumer Goods Index: Increased by 0.19%, on the back of positive sentiment in GUINNESS (+3.83%), CHAMPION (+3.77%), INTBREW(+0.88%), and DANGSUGAR(+0.61%).
- NSE Oil and Gas Index: Shed 0.50% on account of sell-off in OANDO(-1.79%).
- NSE Industrial Index: Fell by 0.07%, due to loss in DANGCEM(-0.44%).
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
| -0.60%
| -0.60%
| -1.78%
|
2
| DANGCEM
| 224.00
| -0.44%
| -0.44%
| -8.53%
|
3
| FBNH
| 7.25
| -0.68%
| -0.68%
| 1.40%
|
4
| FIDELITYBK
| 2.40
| 3.45%
| 3.45%
| -4.76%
|
5
| GUARANTY
| 32.90
| 4.28%
| 4.28%
| 1.70%
|
6
| MTNN
| 165.00
| 3.13%
| 3.13%
| -2.88%
|
7
| UBA
| 6.90
| 1.47%
| 1.47%
| -20.23%
|
8
| SEPLAT
| 550.00
| 0.00%
| 0.00%
| 36.71%
|
9
| ZENITHBANK
| 22.05
| 0.23%
| 0.23%
| -11.09%
|
10
| OKOMUOIL
| 90.00
| 0.00%
| 0.00%
| -1.10%
|
11
| BUACEMENT
| 73.50
| 0.00%
| 0.00%
| -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 Consumer 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.
