April 16, 2021/InvestmentOne Report
The Nigerian equities market closed positive today as NSE-ASI gained by 0.61% to close at 38,802.98pts. However, the bourse lost 0.16% WTD.
In the same vein, market breadth index was positive with 23 gainers against 11 losers.
CHAMS (+10.00%) was the top gainer, while JAPAULGOLD (-10.00%) led the losers today.
FIDELITYBK(-2.83%) was the most actively traded stock with about 46.15million units of shares worth about N110.56million.
Sector Performances
- NSE Industrial Index: Gained 1.19% on account of buy-interest in DANGCEM(+2.33%) and WAPCO(+1.23%).
- NSE Consumer Goods Index: Inched up by 0.44% due to positive sentiment in GUINNESS (+9.26%), PZ (+8.43%), UNILEVER (+3.19%) and DANGSUGAR (+0.60%).
- NSE Banking Index: Shed 0.52% due to losses in STERLNBANK (-9.76%), FCMB (-8.90%), FIDELITYBK (-2.83%) and ZENITHBANK (-1.38%).
- NSE Oil and Gas Index: Closed Flat.
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
| Year to date change (%)
|
1
| ACCESS
| 7.60
| -6.17%
| -5.59%
| -10.06%
|
2
| DANGCEM
| 220.00
| 2.33%
| 2.33%
| -10.17%
|
3
| FBNH
| 7.60
| 0.00%
| 4.83%
| 6.29%
|
4
| FIDELITYBK
| 2.40
| -2.83%
| -3.23%
| -4.76%
|
5
| GUARANTY
| 29.15
| 1.39%
| 0.87%
| -9.89%
|
6
| MTNN
| 163.00
| 1.24%
| -0.55%
| -4.06%
|
7
| UBA
| 6.95
| 2.21%
| -0.71%
| -19.65%
|
8
| SEPLAT
| 550.00
| 0.00%
| 0.00%
| 36.71%
|
9
| ZENITHBANK
| 21.50
| -1.38%
| -2.05%
| -13.31%
|
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 up today due to the gains recorded in the Industrial and Consumer Goods 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.
