September 30, 2021/InvestmentOne Update
The Nigerian equities market closed positive today by 1.59% as NGX-ASI closed at 40,221.17 pts.
In today’s trade, market breadth index was positive with 20 gainers against 14 losers.
UPL (+9.82%) led the gainers, while CHAMS (-8.70%) was the top loser today.
TRANSCOHOT was the most actively traded stock with about 763million units of shares worth about N2.87billion.
Sector Performances
- NGX Industrial Index: Increased by 4.08%, due to the gains recorded in DANGCEM (+7.28%), WAPCO (+0.66%), and CUTIX (+1.02% ).
- NGX Banking Index: Decreased by 0.30%, due to the sell pressure recorded in UBN (-2.00%), UBA (-0.66%), and ZENITHBANK (-0.21%).
- NGX Consumer Goods Index: Fell by 0.13%, due to the losses recorded in UNILEVER (-2.22%) and NESTLE (-0.60%).
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- NGX Oil and Gas Index: Declined by 0.12%, due to the sell-off recorded in OANDO (-0.58%).
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 | 0.00% | 2.23% | 8.28% |
2 | DANGCEM | 280.00 | 7.28% | 14.29% | 14.33% |
3 | FBNH | 8.05 | 0.00% | 7.33% | 12.59% |
4 | FIDELITYBK | 2.47 | 1.23% | 0.82% | -1.98% |
5 | GTCO | 28.05 | 0.54% | 1.08% | -13.29% |
6 | MTNN | 174.90 | -0.06% | -0.06% | 2.94% |
7 | UBA | 7.55 | -0.66% | 0.67% | -12.72% |
8 | SEPLAT | 710.00 | 0.00% | 0.00% | 76.49% |
9 | ZENITHBANK | 23.45 | -0.21% | -0.21% | -5.44% |
10 | OKOMUOIL | 112.80 | 2.55% | 2.55% | 23.96% |
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 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.
