October 5, 2021/InvestmentOne Report
The Nigerian equities market closed positive today by 1.18% as NGX-ASI closed at 40,716.66 pts.
In today’s trade, market breadth index was positive with 32 gainers against 18 losers.
FBNH (+9.76%) led the gainers, while UPL (-9.63%) was the top loser today.
UNIVINSURE was the most actively traded stock with about 105million units of shares worth about N21million.
Sector Performances
- NGX Banking Index: Increased by 2.50%, due to the buy interest recorded in ETI (+5.56%), UBA (+4.61%), FIDELITYBK (+2.86%), ACCESS (+2.73%). FBNH (+1.86%), and ZENITHBANK (+1.70%).
- NGX Oil and Gas Index: Rose by 0.80%, due to the gains recorded in OANDO (+3.79%) and ETRENA (+1.32%).
- NGX Consumer Goods Index: Declined by 0.44%, due to the losses recorded in INTBREW (-6.25%) and FLOURMILL (-2.34%).
- NGX Industrial 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 | 9.40 | 2.73% | 2.73% | 11.24% |
2 | DANGCEM | 280.00 | 0.00% | 0.00% | 14.33% |
3 | FBNH | 9.00 | 9.76% | 11.80% | 25.87% |
4 | FIDELITYBK | 2.52 | 2.86% | 2.02% | 0.00% |
5 | GTCO | 28.50 | 1.42% | 1.60% | -11.90% |
6 | MTNN | 174.90 | 0.00% | 0.00% | 2.94% |
7 | UBA | 7.95 | 4.61% | 5.30% | -8.09% |
8 | SEPLAT | 710.00 | 0.00% | 0.00% | 76.49% |
9 | ZENITHBANK | 23.90 | 1.70% | 1.92% | -3.63% |
10 | OKOMUOIL | 112.80 | 0.00% | 0.00% | 23.96% |
11 | BUACEMENT | 66.00 | 0.00% | 0.00% | -14.67% |
12 | AIRTELAFRI | 760.00 | 6.29% | 6.29% | -10.78% |
The equities market closed positive today due to the gains recorded in the Banking and Oil and Gas 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.
