May 11, 2021/InvestmentOne Report
The Nigerian equities market closed positive today as NSE-ASI gained 0.18% to close at 39,382.96pts.
In today’s trade, market breadth index was positive with 21 gainers against 17 losers.
MEYER (+9.62%) was the top gainer while REGALINS (-8.82%) led the losers today.
ACCESS (+0.60%) was the most actively traded stock with about 58.56million units of shares worth about N494.15million.
Sector Performances
- NSE Industrial Index: Increased by 0.70% due to the buy-interest in MEYER (+9.62%) and DANGCEM (+1.61%).
- NSE Banking Index: Declined by 0.33% on the back of downtrend in UBN (-3.39%), WEMABANK (-1.67%), GUARANTY (-1.50%), STERLNBANK (-1.32%) and FCMB (-0.33%).
- NSE Oil and Gas Index: Lost 0.14% as a result of sell-offs in OANDO (-1.64%).
- NSE Consumer Index: Shed 0.02% due to negative sentiment in HONYFLOUR (-5.83%).
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
| Year to date change (%)
|
1
| ACCESS
| 8.40
| 0.60%
| 3.07%
| -0.59%
|
2
| DANGCEM
| 215.00
| 1.61%
| 1.61%
| -12.21%
|
3
| FBNH
| 7.10
| -1.39%
| -3.40%
| -0.70%
|
4
| FIDELITYBK
| 2.29
| 0.88%
| 2.23%
| -9.13%
|
5
| GUARANTY
| 29.55
| -1.50%
| 1.03%
| -8.66%
|
6
| MTNN
| 161.70
| -0.19%
| -0.19%
| -4.83%
|
7
| UBA
| 7.30
| 0.69%
| 2.10%
| -15.61%
|
8
| SEPLAT
| 620.00
| 0.00%
| 0.00%
| 54.11%
|
9
| ZENITHBANK
| 23.25
| 1.09%
| 4.73%
| -6.25%
|
10
| OKOMUOIL
| 103.50
| 0.00%
| 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 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.
