October 4, 2021/InvestmentOne Report
The Nigerian equities market closed positive today by 0.05% as NGX-ASI closed at 40,243.05 pts.
In today’s trade, market breadth index was positive with 23 gainers against 14 losers.
MANSARD (+9.87%) led the gainers, while MORISON (-10.00%) was the top loser today.
FIDELITYBK (-0.81%) was the most actively traded stock with about 19million units of shares worth about N46.77 million.
Sector Performances
- NGX Consumer Goods Index: Rose by 0.05%, due to the gains recorded in HONYFLOUR (+1.60%) and DANGSUGAR (+0.57%).
- NGX Banking Index: Increased by 0.01%, due to the buy interests recorded in FBNH (+1.86%), UBA (+0.66%), ZENITHBANK (+0.21%) and GTCO (+0.18%).
- NGX Oil and Gas Index: Declined by 0.38%, due to the sell-off recorded in OANDO (-3.09%).
- NGX Industrial Index: Decreased by 0.02%, due to the losses recorded in WAPCO (-0.44%).
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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% | 0.00% | 8.28% |
2 | DANGCEM | 280.00 | 0.00% | 0.00% | 14.33% |
3 | FBNH | 8.20 | 1.86% | 1.86% | 14.69% |
4 | FIDELITYBK | 2.45 | -0.81% | -0.81% | -2.78% |
5 | GTCO | 28.10 | 0.18% | 0.18% | -13.14% |
6 | MTNN | 174.90 | 0.00% | 0.00% | 2.94% |
7 | UBA | 7.60 | 0.66% | 0.66% | -12.14% |
8 | SEPLAT | 710.00 | 0.00% | 0.00% | 76.49% |
9 | ZENITHBANK | 23.50 | 0.21% | 0.21% | -5.24% |
10 | OKOMUOIL | 112.80 | 0.00% | 0.00% | 23.96% |
11 | BUACEMENT | 66.00 | 0.00% | 0.00% | -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 Consumer Goods and Banking 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.
