April 1, 2021
By Evan CHARLES InvestAdvocate
Lagos (INVESTADVOCATE)-The Nigerian equities market on Thursday closed down with a loss of 0.33 percent to close at 38,916.74 basis points, bringing Week-to-Date returns to decline -0.76 percent, according to InvestmentOne report.
The report says in Thursday’s trade, market breadth index was positive with 27 gainers compared to 12 losers.
FTN Cocoa Processors Plc (FTNCOCOA) with a loss of -8.70 percent led the loser’s chart at the close of the trading session, while insurer, Royal Exchange Assurance Plc with a gain of +10.00 percent emerged the topmost gainer.
According to InvestmentOne , UAC of Nigeria Plc, a leading diversified company with a gain of +10.00 percent was the most actively traded stock with about 37.37million units of shares worth about 370 million.
In terms of sector performances,the report says the Nigerian Stock Exchange (NSE) Banking index shed 3.34 percent, on account of sell-offs in the shares of Unity Bank Plc and Zenith Bank Plc which declined -6.67 percent and -2.00 percent respectively.
In the same vein, pan African lender, Ecobank Transnational Incorporated and dual listed lender, Guaranty Trust Bank Plc; both depreciated -0.99 percent, and -0.66 percent apiece.
Similarly, the NSE Industrial index fell by 0.10 percent, due to the loss in the shares of cement producer, Lafarge Cement Wapco Nigeria Plc which lost by -2.04 percent.
On the positive side, the NSE Consumer Goods index increased by 1.28 percent on the back of positive sentiment in the shares of top tier brewers, Guinness Nigeria Plc and Nigerian Breweries Plc; both appreciated +5.90 percent and +5.15 percent each, while May & Baker Nigeria Plc, leading pharmaceutical company, and International Breweries Plc gained +5.00 percent and +1.75 percent respectively, Flour Mills of Nigeria Plc rose by +0.69 percent.
“NSE Oil and Gas Index inched up by +0.23 percent. due to gains in the shares of oil marketing major, Oando Plc which grew by +2.89 percent.
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
| Year to date change (%)
|
1
| ACCESS
| 8.10
| 1.25%
| -2.99%
| -4.14%
|
2
| DANGCEM
| 215.00
| 0.00%
| -4.44%
| -12.21%
|
3
| FBNH
| 7.25
| 0.00%
| -0.68%
| 1.40%
|
4
| FIDELITYBK
| 2.58
| 7.95%
| 11.21%
| 2.38%
|
5
| GUARANTY
| 29.95
| -0.66%
| -5.07%
| -7.42%
|
6
| MTNN
| 160.20
| 0.00%
| 0.12%
| -5.71%
|
7
| UBA
| 7.05
| 0.00%
| 3.68%
| -18.50%
|
8
| SEPLAT
| 550.00
| 0.00%
| 0.00%
| 36.71%
|
9
| ZENITHBANK
| 22.10
| -2.00%
| 0.45%
| -10.89%
|
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,” the InvestmentOne Report affirmed.
