April 27, 2021
By Evan CHARLES InvestAdvocate
Lagos (INVESTADVOCATE)-The equities market on Tuesday closed negative as benchmark index of the Nigerian Exchange Group (NGX) shed 0.04 percent to close at 39,305.74 basis points dragged by the Banking sector.
InvestmentOne report that conversely, market breadth index was positive with 23 gainers compared to 16 losers.
Insurer, Prestige Assurance Plc with a gain of +9.52 percent was the topmost gainer, while industry peer, Consolidated Hallmark Plc with a loss of -9.09 percent emerged the worst loser.
According to the report, top tier lender, Access Bank Plc with a loss of -1.32 percent was the most actively traded stock with about 57.18 million units of shares worth about N410.10 million.
In terms of sector performances the NGX Banking index shed 0.60 percent due to sell-offs in the shares of Sterling Bank Plc, United Bank for Africa Plc; both depreciated -4.38 percent and -1.33 percent each, while Access Bank Plc and Guaranty Trust Bank Plc declined -1.32 percent and -0.48 percent respectively, and Zenith International Bank Plc lost by -0.45 percent.
On the positive side, the NGX Consumer index gained 0.19 percent as a result of uptrends in the shares of beer producer, Champion Breweries Plc which appreciated by +7.46 percent.
Also, the NGX Oil and Gas Goods index increased by 0.03 percent on the positive sentiment in the shares of Arodova Plc with a gain of +5.46 percent.
Still on the positive side, the NGX Industrial index inched up by 0.01 percent due to gains in the shares of cement manufacturer, Lafarge Cement Wapco Nigeria Plc and cablemaker, Cutix Plc both grew +1.92 percent and +1.38 percent apiece.
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
| Year to date change (%)
|
1
| ACCESS
| 7.45
| -1.32%
| -0.67%
| -11.83%
|
2
| DANGCEM
| 220.00
| 0.00%
| 0.00%
| -10.17%
|
3
| FBNH
| 7.40
| -0.67%
| -0.67%
| 3.50%
|
4
| FIDELITYBK
| 2.26
| 0.44%
| 1.35%
| -10.32%
|
5
| GUARANTY
| 31.15
| -0.48%
| -0.16%
| -3.71%
|
6
| MTNN
| 165.00
| 0.00%
| 0.00%
| -2.88%
|
7
| UBA
| 7.40
| -1.33%
| -1.33%
| -14.45%
|
8
| SEPLAT
| 550.00
| 0.00%
| 0.00%
| 36.71%
|
9
| ZENITHBANK
| 22.10
| -0.45%
| -0.90%
| -10.89%
|
10
| OKOMUOIL
| 95.00
| 5.56%
| 5.56%
| 4.40%
|
11
| BUACEMENT
| 72.70
| 0.00%
| 0.00%
| -6.01%
|
12
| AIRTELAFRI
| 930.00
| 0.00%
| 0.00%
| 9.18%
|
InvestmentOne Research
“The equities market closed down today due to loss recorded in the Banking 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 InvestmentOne reported added.
