April 13, 2021/InvestmentOne Update
The Nigerian equities market was bearish today as NSE-ASI lost 0.29% to close at 38,598.66pts.
Similarly, market breadth index was negative with 18 losers against 15 gainers.
JAPAULGOLD (+8.70%) was the top gainer, while GUINNESS (-9.91%) led the losers today.
FIDELITYBK(+0.40%) was the most actively traded stock with about 38.56million units of shares worth about 96.18million.
Sector Performances
- NSE Consumer Goods Index: Shed 0.37% on the back of negative sentiment in GUINNESS (-9.91%), CHAMPION(-9.09%) and HONYFLOUR(-7.32%).
- NSE Oil and Gas Index: Declined by 0.20% as a result of losses in OANDO (-2.58%).
- NSE Industrial Index: Lost 0.05% on account of sell-offs in JBERGER(-5.00%).
- NSE Banking Index: Inched up by 0.03% due to buy-interests in STERLNBANK (+7.14%), FIDELITYBK (+0.40%) and GUARANTY (+0.17%).
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
| 0.00%
| 0.62%
| -4.14%
|
2
| DANGCEM
| 215.00
| 0.00%
| 0.00%
| -12.21%
|
3
| FBNH
| 7.40
| 1.37%
| 2.07%
| 3.50%
|
4
| FIDELITYBK
| 2.49
| 0.40%
| 0.40%
| -1.19%
|
5
| GUARANTY
| 28.95
| 0.17%
| 0.17%
| -10.51%
|
6
| MTNN
| 160.00
| -2.38%
| -2.38%
| -5.83%
|
7
| UBA
| 6.95
| 0.00%
| -0.71%
| -19.65%
|
8
| SEPLAT
| 550.00
| 0.00%
| 0.00%
| 36.71%
|
9
| ZENITHBANK
| 21.90
| -0.45%
| -0.23%
| -11.69%
|
10
| OKOMUOIL
| 90.00
| 0.00%
| -3.23%
| -1.10%
|
11
| BUACEMENT
| 72.70
| 0.00%
| 0.00%
| -6.01%
|
12
| AIRTELAFRI
| 930.00
| 0.00%
| 0.00%
| 9.18%
|
The equities market closed down today due to the losses recorded in most 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.
