April 22, 2021/InvestmentOne Report
The Nigerian equities market was somewhat flat today as NSE-ASI gained by 0.01% to close at 39,125.86pts.
In today’s trade, market breadth index was positive with 17 gainers against 15 losers.
CUTIX (+7.00%) was the top gainer, while EKOCORP (-10.00%) led the losers today.
GUARANTY(+0.16%) was the most actively traded stock with about 37.29million units of shares worth about N1.16billion.
Sector Performances
- NSE Oil and Gas Goods Index: Gained 0.21% on the back of positive sentiment in OANDO (+3.96%).
- NSE Banking Index: Declined by 0.04% due to downtrends in UNITYBNK (-6.78%), FIDELITYBK (-1.77%) and ZENITHBANK (-1.35%).
- NSE Consumer Index: Shed 0.01% as a result of sell-offs in HONYFLOUR (-8.45%) and CADBURY (-3.70%).
- NSE Industrial 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
| 7.55
| 0.67%
| -0.66%
| -10.65%
|
2
| DANGCEM
| 220.00
| 0.00%
| 0.00%
| -10.17%
|
3
| FBNH
| 7.40
| 1.37%
| -2.63%
| 3.50%
|
4
| FIDELITYBK
| 2.22
| -1.77%
| -7.50%
| -11.90%
|
5
| GUARANTY
| 31.30
| 0.16%
| 7.38%
| -3.25%
|
6
| MTNN
| 165.00
| 0.00%
| 1.23%
| -2.88%
|
7
| UBA
| 7.40
| 2.07%
| 6.47%
| -14.45%
|
8
| SEPLAT
| 550.00
| 0.00%
| 0.00%
| 36.71%
|
9
| ZENITHBANK
| 22.00
| -1.35%
| 2.33%
| -11.29%
|
10
| OKOMUOIL
| 90.00
| 0.00%
| 0.00%
| -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 Oil and Gas sector. 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.
