April 26, 2021
By Evans Charles InvestAdvocate
Lagos (INVESTADVOCATE)-The Nigerian equities market closed positive on Monday to open the week in positive territory as the Nigerian Exchange Group Plc (NGX) index gained by +0.05 percent to close at 39,321.47 basis points buoyed by the Industrial sector.
InvestmentOne reports at the close of the session’s trade on the domestic bourse market breadth index was positive with 25 gainers compared to 17 losers.
Insurer, Linkage Assurance Plc with a gain of +10 percent led the gainers chart, while independent Exploration and Production company, Conoil Plc emerged the worst loser with a loss of -9.33 percent.
Top tier conglomerate, Transnational Corporation of Nigeria Plc (TRANSCORP) with a gain of +10 percent was the most actively traded stock with about 92.54 million units of shares worth about N81.28 million.
In terms of sector performances, the NGX Industrial Index gained 0.07 percent due to positive sentiment in the shares of Cablemaker, Cutix Plc and cement producer, Lafarge Cement Wapco Nigeria Plc; both appreciated +1.87 percent and +1.12 percent apiece.
According to InvestmentOne the NGX Oil and Gas Goods Index lost by 0.34 percent on the back of sell-offs in CONOIL by -9.33 percent and oil marketing major, Oando Plc which depreciated by -1.27 percent.
In the same vein, the NGX Banking Index shed 0.07 percent due to downtrends in the shares of Wema Bank Plc and Union Bank of Nigeria Plc; both dipped -3.39 percent and -2.00 percent each, while Sterling Bank Plc and Zenith International Bank Plc depreciated -0.62 percent and -0.45 percent respectively.
Also, the NGX Consumer Index declined by 0.01 percent as a result of losses in the shares of Honeywell Flour Mills Plc and Dangote Sugar Refinery Plc; both lost by -3.57 percent and -2.79 percent apiece, while soap and detergent manufacturer, PZ Cussons Nigeria Plc and UAC of Nigeria Plc dropped -0.92 percent and -0.46 percent each.
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%
| 0.67%
| -10.65%
|
2
| DANGCEM
| 220.00
| 0.00%
| 0.00%
| -10.17%
|
3
| FBNH
| 7.45
| 0.00%
| 0.00%
| 4.20%
|
4
| FIDELITYBK
| 2.25
| 0.90%
| 0.90%
| -10.71%
|
5
| GUARANTY
| 31.30
| 0.32%
| 0.32%
| -3.25%
|
6
| MTNN
| 165.00
| 0.00%
| 0.00%
| -2.88%
|
7
| UBA
| 7.50
| 0.00%
| 0.00%
| -13.29%
|
8
| SEPLAT
| 550.00
| 0.00%
| 0.00%
| 36.71%
|
9
| ZENITHBANK
| 22.20
| -0.45%
| -0.45%
| -10.48%
|
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%
|
Source: InvestmentOne Research
“The equities market closed up today due to the gain recorded in the Industrial 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,’ the report added.
