October 8, 2021/InvestmentOne Report
The Nigerian equities market closed positive today by 0.10% as NGX-ASI closed at 40,868.36 pts. Similarly, NGX-ASI gained 1.61% WTD.
In today’s trade, market breadth index was positive with 23 gainers against 17 losers.
UPL (+9.72%) led the gainers, while ACADEMY (-7.69%) was the top loser today.
FBNH (-2.00%) was the most actively traded stock with about 155million units of shares worth about N1.54 billion.
Sector Performances
NGX Banking Index: Increased by 1.20%, due to buy-interest recorded in ETI (+5.00%), STERLNBANK (+4.79%), UBN (+2.04%), UNITYBNK (+1.82%), and ZENITHBANK (+1.45%).
- NGX Oil and Gas Index: Fell by 0.12%, due to the loss recorded in ARDOVA (-2.58%).
- NGX Consumer Goods Index: Decreased by 0.03%, due to the sell-off recorded in HONYFLOUR (-3.78%).
- 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 | 0.00% | 2.73% | 11.24% |
2 | DANGCEM | 280.00 | 0.00% | 0.00% | 14.33% |
3 | FBNH | 9.80 | -2.00% | 21.74% | 37.06% |
4 | FIDELITYBK | 2.61 | -0.38% | 5.67% | 3.57% |
5 | GTCO | 28.60 | 0.70% | 1.96% | -11.59% |
6 | MTNN | 174.90 | 0.00% | 0.00% | 2.94% |
7 | UBA | 7.95 | 0.63% | 5.30% | -8.09% |
8 | SEPLAT | 710.00 | 0.00% | 0.00% | 76.49% |
9 | ZENITHBANK | 24.50 | 1.45% | 4.48% | -1.21% |
10 | OKOMUOIL | 115.50 | 0.00% | 2.39% | 26.92% |
11 | BUACEMENT | 66.00 | 0.00% | 0.00% | -14.67% |
12 | AIRTELAFRI | 760.00 | 0.00% | 6.29% | -10.78% |
The equities market closed positive today due to the gains 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.
