April 15, 2021/InvestmentOne Report
The Nigerian equities market closed negative today as NSE-ASI declined by 0.17% to close at 38,567.72pts.
In the same vein, market breadth index was negative with 27 losers against 16 gainers
GUINNESS (+10.00%) was the top gainer, while UAC-PROP (-10.00%) led the losers today.
FIDELITYBK was the most actively traded stock with about 46.71million units of shares worth about N113.51million.
Sector Performances
- NSE Banking Index: Shed 0.97% due to losses in UBN(-7.14%), WEMABANK(-6.67%), UBA (-2.16%), ZENITHBANK (-0.91%) and GUARANTY (-0.17%).
- NSE Industrial Index: Lost 0.18% on account of sell-offs in WAPCO(-3.11%).
- NSE Consumer Goods Index: Gained 0.12% on the back of positive sentiment in GUINNESS (+10.00%), HONYFLOUR(+9.17%), DANGSUGAR(+1.82%) and CADBURY(+1.25%).
- NSE Oil and Gas Index: Inched up by 0.09% as a result of buy-interest in ARDOVA(+1.06%) and OANDO (+0.67%).
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
| 7.60
| 0.66%
| 4.83%
| 6.29%
|
4
| FIDELITYBK
| 2.47
| 0.00%
| -0.40%
| -1.98%
|
5
| GUARANTY
| 28.75
| -0.17%
| -0.52%
| -11.13%
|
6
| MTNN
| 161.00
| 0.00%
| -1.77%
| -5.24%
|
7
| UBA
| 6.80
| -2.16%
| -2.86%
| -21.39%
|
8
| SEPLAT
| 550.00
| 0.00%
| 0.00%
| 36.71%
|
9
| ZENITHBANK
| 21.80
| -0.91%
| -0.68%
| -12.10%
|
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 the Banking and Industrial 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.
