September 27, 2021/InvestmentOne Report
The Nigerian equities market closed negative today by 0.25% as NGX-ASI closed at 38,864.33 pts.
In today’s trade, market breadth index was positive with 20 gainers against 12 losers.
MANSARD (-9.94%) was the top loser, while UPL (+9.80%) led the gainers today.
SOVRENINS (-4.00%) was the most actively traded stock with about 19million units of shares worth about N4.3 million.
Sector Performances
- NGX Industrial Index: Declined by 1.09%, due to the loss recorded in BUACEMENT (-2.94%).
- NGX Banking Index: Rose by 0.40%, due to the gains recorded in ACCESS (+2.79%), WEMA (+2.63%), JAIZBANK (+1.75%) and UBN (+1.01%).
- NGX Consumer Goods Index: Increased by 0.24%, due to the gains recorded in CHAMPION (+4.50%), NASCON (+2.70%), DANGSUGAR (+1.16%) and FLOURMILL (+0.86%).
- NGX Oil and Gas Index: Increased by 1.20%, due to buy interest in OANDO (+6.07%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) | Year to date change (%) |
1 | ACCESS | 9.20 | 2.79% | 2.79% | 8.88% |
2 | DANGCEM | 245.00 | 0.00% | 0.00% | 0.04% |
3 | FBNH | 7.50 | 0.00% | 0.00% | 4.90% |
4 | FIDELITYBK | 2.44 | -0.41% | -0.41% | -3.17% |
5 | GTCO | 27.60 | -0.54% | -0.54% | -14.68% |
6 | MTNN | 175.00 | 0.00% | 0.00% | 3.00% |
7 | UBA | 7.45 | -0.67% | -0.67% | -13.87% |
8 | SEPLAT | 710.00 | 0.00% | 0.00% | 76.49% |
9 | ZENITHBANK | 23.45 | -0.21% | -0.21% | -5.44% |
10 | OKOMUOIL | 110.00 | 0.00% | 0.00% | 20.88% |
11 | BUACEMENT | 66.00 | -2.94% | -2.94% | -14.67% |
12 | AIRTELAFRI | 715.00 | 0.00% | 0.00% | -16.06% |
The equities market closed down today due to the loss recorded in the Industrial 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.
