April 29, 2021/InvestmentOne Report
The Nigerian equities market closed positive today as NSE-ASI gained 0.40% to close at 39,459.02pts.
In the same vein, market breadth index was positive with 24 gainers against 17 losers.
FIDSON (+10.00%) was the top gainer while CWG (-9.84%) led the losers today.
FBNH (-6.76%) was the most actively traded stock with about 51.52million units of shares worth about N359.83million.
Sector Performances
- NSE Banking Index: Lost 1.35% due to sell-offs in GUARANTY (-3.06%), ACCESS (-2.04%), ETI (-1.87%), FIDELITYBK (-1.31%) and UBA (-0.68%).
- NSE Consumer Index: Declined by 0.22% as a result of downtrends in HONYFLOUR (-3.76%) and DANGSUGAR (-2.30%).
- NSE Industrial Index: Shed 0.07% due to negative sentiment in WAPCO (-1.11%).
- NSE Oil and Gas Goods 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
| 7.20
| -2.04%
| -4.00%
| -14.79%
|
2
| DANGCEM
| 220.00
| 7.84%
| 0.00%
| -10.17%
|
3
| FBNH
| 6.90
| -6.76%
| -7.38%
| -3.50%
|
4
| FIDELITYBK
| 2.26
| -1.31%
| 1.35%
| -10.32%
|
5
| GUARANTY
| 30.05
| -3.06%
| -3.69%
| -7.11%
|
6
| MTNN
| 171.50
| 3.94%
| 3.94%
| 0.94%
|
7
| UBA
| 7.35
| -0.68%
| -2.00%
| -15.03%
|
8
| SEPLAT
| 570.00
| 0.00%
| 3.64%
| 41.69%
|
9
| ZENITHBANK
| 22.15
| 0.23%
| -0.67%
| -10.69%
|
10
| OKOMUOIL
| 100.00
| 5.26%
| 11.11%
| 9.89%
|
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 gains in DANGCEM and MTNN. 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.
