September 21, 2021/InvestmentOne Update
The Nigerian equities market closed down today by 0.08% as NGX-ASI closed at 38,873.85.
In today’s trade, market breadth index was positive with 16 gainers against 13 losers.
MRS (+9.75%) was the top gainer while NEIMETH (-7.89%) led the losers today.
UBA (+0.66%) was the most actively traded stock with about 39million units of shares worth about N298million.
Sector Performances
- NGX Banking Index: Declined by 0.97%, due to the decrease in WEMABANK (-3.80%), ZENITHBANK (-2.34%), ACCESS (-1.11%) and GTCO (-0.73%).
- NGX Industrial Index: Rose by 0.08% due to the gains recorded in CUTIX (+2.13%) and WAPCO (+1.36%).
- NGX Oil and Gas Index: Increased by 0.06%, due to the buy interests in MRS (+9.75%) and ETERNA (+2.30%),
- NGX Consumer 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 | 8.90 | -1.11% | -1.11% | 5.33% |
2 | DANGCEM | 245.00 | 0.00% | 0.00% | 0.04% |
3 | FBNH | 7.50 | 0.00% | 0.00% | 4.90% |
4 | FIDELITYBK | 2.40 | 0.84% | -1.23% | -4.76% |
5 | GTCO | 27.10 | -0.73% | -3.21% | -16.23% |
6 | MTNN | 175.00 | 0.00% | 0.00% | 3.00% |
7 | UBA | 7.65 | 0.66% | 0.66% | -11.56% |
8 | SEPLAT | 710.00 | 0.00% | 0.00% | 76.49% |
9 | ZENITHBANK | 22.95 | -2.34% | -3.57% | -7.46% |
10 | OKOMUOIL | 104.00 | 0.00% | 0.00% | 14.29% |
11 | BUACEMENT | 68.00 | 0.00% | 0.00% | -12.09% |
12 | AIRTELAFRI | 715.00 | 0.00% | 0.00% | -16.06% |
The equities market closed down today due to the loss in the Banking Sector. 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.
