September 29, 2021/InvestmentOne Report
The Nigerian equities market closed positive today by 1.89% as NGX-ASI closed at 39,450.54 pts.
In today’s trade, market breadth index was positive with 24 gainers against 14 losers.
NNFM (+6.88%) led the gainers, while JBERGER (-10.00%) was the top loser today.
FBNH (+6.62%) was the most actively traded stock with about 265million units of shares worth about N2.05billion.
Sector Performances
- NGX Industrial Index: Increased by 3.57%, due to the gains recorded in DANGCEM (+6.53%), CUTIX (+2.08% ), and WAPCO (+0.66%).
- NGX Consumer Goods Index: Rose by 3.13%, due to the buy interests recorded in NESTLE (+6.36%) and UNILEVER (+2.27%).
- NGX Banking Index: Increased by 0.80%, due to the gains recorded in UBA (+2.01%), ETI (+1.89%), ZENITHBANK (+0.86%), and GTCO (+0.72%).
- NGX Oil and Gas Index: Declined by 0.20%, due to the losses recorded in OANDO (-0.95%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) | Year to date change (%) |
1 | ACCESS | 9.15 | 0.55% | 2.23% | 8.28% |
2 | DANGCEM | 261.00 | 6.53% | 6.53% | 6.57% |
3 | FBNH | 8.05 | 6.62% | 7.33% | 12.59% |
4 | FIDELITYBK | 2.44 | -0.41% | -0.41% | -3.17% |
5 | GTCO | 27.90 | 0.72% | 0.54% | -13.76% |
6 | MTNN | 175.00 | 0.00% | 0.00% | 3.00% |
7 | UBA | 7.60 | 2.01% | 1.33% | -12.14% |
8 | SEPLAT | 710.00 | 0.00% | 0.00% | 76.49% |
9 | ZENITHBANK | 23.50 | 0.86% | 0.00% | -5.24% |
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 positive today due to the gains across major sectors. 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.
