March 31, 2021/InvestmentOne Report
The Nigerian equities market closed down today as NSE-ASI lost 0.57% to close at 39,045,13pts.
In today’s trade, market breadth index was negative with 24 losers against 18 gainers.
DAARCOM (-8.70%) led the loser’s chart today, while LINKASSURE (+10.00%) was the top gainer.
WEMABANK (-8.06%) was the most actively traded stock with about 94.05million units of shares worth about 53million.
Sector Performances
- NSE Banking Index: Shed 0.84%, on account of sell-offs in WEMABANK (-8.70%), ACCESS (-3.61%), UBA (-2.08%), GUARANTY (-0.45%) and ZENITHBANK (-0.33%).
- NSE Industrial Index: Fell by 0.03%, due to the loss in WAPCO (-0.67%).
- NSE Consumer Goods Index: Increased by 0.39%, on the back of positive sentiment in GUINNESS (+7.28%) and DANGSUGAR (+2.41%).
- NSE Oil and Gas Index: Inched up by 0.02%. due to gains in OANDO (+0.32%)
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
| Year to date change (%)
|
1
| ACCESS
| 8.00
| -3.61%
| -4.19%
| -5.33%
|
2
| DANGCEM
| 215.00
| 0.00%
| -4.44%
| -12.21%
|
3
| FBNH
| 7.25
| 0.00%
| -0.68%
| 1.40%
|
4
| FIDELITYBK
| 2.39
| 2.58%
| 3.02%
| -5.16%
|
5
| GUARANTY
| 32.85
| -0.45%
| 4.12%
| 1.55%
|
6
| MTNN
| 160.20
| -2.91%
| 0.12%
| -5.71%
|
7
| UBA
| 7.05
| -2.08%
| 3.68%
| -18.50%
|
8
| SEPLAT
| 550.00
| 0.00%
| 0.00%
| 36.71%
|
9
| ZENITHBANK
| 22.55
| -0.22%
| 2.50%
| -9.07%
|
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 down today due to the losses recorded in the Industrial and Banking sectors. While we believe the risk-off sentiment on the back of uncertainty around 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.
