May 10, 2021/InvestmentOne Report
The Nigerian equities market closed positive today as NSE-ASI gained 0.29% to close at 39,310.54pts.
In today’s trade, market breadth index was positive with 28 gainers against 15 losers.
REGALINS (+9.68%) was the top gainer while UNITYBNK (-8.33%) led the losers today.
ETRANZACT was the most actively traded stock with about 72.18million units of shares worth about N162.40million.
Sector Performances
- NSE Banking Index: Gained 2.89% on the back of uptrend in UBN (+9.26%), ZENITHBANK (+3.60%), GUARANTY (+2.56%), ACCESS (+2.45%) and UBA (+1.40%).
- NSE Industrial Index: Increased by 0.08% due to the buy-interest in WAPCO (+1.46%).
- NSE Consumer Index: Shed 0.26% due to negative sentiment in FLOURMILL (-4.84%), NAHCO (-4.55%) and DANGSUGAR (-0.56%).
- NSE Oil and Gas Index: Lost 0.08% as a result of sell-offs in OANDO (-1.61%).
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
| Year to date change (%)
|
1
| ACCESS
| 8.35
| 2.45%
| 2.45%
| -1.18%
|
2
| DANGCEM
| 211.60
| 0.00%
| 0.00%
| -13.60%
|
3
| FBNH
| 7.20
| -2.04%
| -2.04%
| 0.70%
|
4
| FIDELITYBK
| 2.27
| 1.34%
| 1.34%
| -9.92%
|
5
| GUARANTY
| 30.00
| 2.56%
| 2.56%
| -7.26%
|
6
| MTNN
| 162.00
| 0.00%
| 0.00%
| -4.65%
|
7
| UBA
| 7.25
| 1.40%
| 1.40%
| -16.18%
|
8
| SEPLAT
| 620.00
| 0.00%
| 0.00%
| 54.11%
|
9
| ZENITHBANK
| 23.00
| 3.60%
| 3.60%
| -7.26%
|
10
| OKOMUOIL
| 103.50
| 0.49%
| 0.49%
| 13.74%
|
11
| BUACEMENT
| 77.90
| 0.00%
| 0.00%
| 0.71%
|
12
| AIRTELAFRI
| 930.00
| 0.00%
| 0.00%
| 9.18%
|
The equities market closed up today due to gains in Banking and Industrial 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.
