September 15, 2021/InvestmentOne Update
The Nigerian equities market closed up today by 0.12% as NGX-ASI closed at 38,968.34.
In today’s trade, market breadth index was negative with 18 losers against 14 gainers.
UPDC (+9.64%) was the top gainer while TRANSCOHOT (-10.00%) led the losers today.
UNIVINSURE was the most actively traded stock with 17million units of shares worth about N3.6million.
Sector Performances
- NGX Oil and Gas Index: Decreased by (-2.00%), due to the loss in SEPLAT (-6.54%),
- NGX Banking Index: fell by (-0.39%), due to the decline in STERLNBANK (-1.99%) and ZENITHBANK (-0.63%)
- NGX Consumer Goods Index: Close Flat
- NGX Industrial 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 | 9.30 | 0.00% | 1.09% | 10.06% |
2 | DANGCEM | 245.00 | 0.00% | 0.00% | 0.04% |
3 | FBNH | 7.60 | 1.33% | 0.66% | 6.29% |
4 | FIDELITYBK | 2.41 | -1.23% | 4.78% | -4.37% |
5 | GTCO | 27.20 | 0.74% | 0.55% | -15.92% |
6 | MTNN | 175.00 | 1.45% | 1.45% | 3.00% |
7 | UBA | 7.65 | 0.00% | 0.66% | -11.56% |
8 | SEPLAT | 710.00 | -6.54% | -6.54% | 76.49% |
9 | ZENITHBANK | 23.65 | -0.63% | -1.46% | -4.64% |
10 | OKOMUOIL | 110.00 | 0.00% | 0.00% | 20.88% |
11 | BUACEMENT | 68.00 | 0.00% | 0.00% | -12.09% |
12 | AIRTELAFRI | 715.00 | 0.00% | 0.00% | -16.06% |
The equities market closed up today due to the gains recorded in MTNN (+1.45%). Going forward, we expect investor’s sentiments to be swayed by the search for real positive returns and developments in the interest rate space. We reiterate that this may be a great period to pick up some quality names with a medium to long-term investment horizon.
