September 28, 2021/InvestmentOne Update
The Nigerian equities market closed negative today by 0.01% as NGX-ASI closed at 38,858.99 pts.
In today’s trade, market breadth index was negative with15 losers against 14 gainers.
MANSARD (-9.70%) was the top loser, while SKYAVN (+9.88%) led the gainers today.
HONYFLOUR (+0.26%) was the most actively traded stock with about 402million units of shares worth about N1.5billion.
Sector Performances
- NGX Banking Index: Declined by 0.30%, due to the losses recorded in ACCESS (-1.09%) and ZENITHBANK (-0.64%).
- NGX Consumer Goods Index: Rose by 0.10%, due to the gains recorded in FLOURMILL (+1.87.%) and HONYFLOUR (+0.26%).
- NGX Industrial Index: Increased by 0.02%, due to the gains recorded in WAPCO (+0.44%).
- NGX Oil and Gas 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 | 9.10 | -1.09% | 1.68% | 7.69% |
2 | DANGCEM | 245.00 | 0.00% | 0.00% | 0.04% |
3 | FBNH | 7.55 | 0.67% | 0.67% | 5.59% |
4 | FIDELITYBK | 2.45 | 0.41% | 0.00% | -2.78% |
5 | GTCO | 27.70 | 0.36% | -0.18% | -14.37% |
6 | MTNN | 175.00 | 0.00% | 0.00% | 3.00% |
7 | UBA | 7.45 | 0.00% | -0.67% | -13.87% |
8 | SEPLAT | 710.00 | 0.00% | 0.00% | 76.49% |
9 | ZENITHBANK | 23.30 | -0.64% | -0.85% | -6.05% |
10 | OKOMUOIL | 110.00 | 0.00% | 0.00% | 20.88% |
11 | BUACEMENT | 66.00 | 0.00% | -2.94% | -14.67% |
12 | AIRTELAFRI | 715.00 | 0.00% | 0.00% | -16.06% |
The equities market closed down today due to the losses recorded 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.
