November 8, 2021/InvestmentOne Report
The Nigerian equities market closed positive by 2.39% as NGX-ASI closed at 43,246.87 pts.
In today’s trade, market breadth index was negative with 26 losers against 18 gainers.
AIRTELAFRICA (+10.00%) led the gainers, while CONOIL (-9.80%) was the top loser today.
STERLNBANK (-3.23%) was the most actively traded stock with about 81million units of shares worth about N122 million.
Sector Performances
- NGX Consumer Goods Index: Advanced by 0.25%, due to the gains recorded in UNILEVER (+9.36%) and GUINNESS (+1.63%).
- NGX Industrial Index: Rose by 0.13%, due to the buy-interests recorded in CUTIX(+9.91%) and WAPCO(+1.96%).
- NGX Oil and Gas Index: Fell by 0.57%, due to the sell-offs recorded in CONOIL (-9.80%) and ARDOVA (-3.56%).
- NGX Banking Index: Declined by 0.09%, due to the losses recorded in STERLNBNK (-3.23%), JAIZBANK (-1.59%), ACCESS (-0.53%) and ZENITHBANK (-0.41%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) | Year to date change (%) |
1 | ACCESS | 9.45 | -0.53% | -0.53% | 11.83% |
2 | DANGCEM | 280.00 | 0.00% | 0.00% | 14.33% |
3 | FBNH | 11.35 | 2.25% | 2.25% | 58.74% |
4 | FIDELITYBK | 2.70 | 0.00% | 0.00% | 7.14% |
5 | GTCO | 27.95 | -0.89% | -0.89% | -13.60% |
6 | MTNN | 192.50 | 9.62% | 9.62% | 13.30% |
7 | UBA | 8.45 | 0.00% | 0.00% | -2.31% |
8 | SEPLAT | 731.50 | 0.00% | 0.00% | 81.83% |
9 | ZENITHBANK | 24.50 | -0.41% | -0.41% | -1.21% |
10 | OKOMUOIL | 142.00 | 0.00% | 0.00% | 56.04% |
11 | BUACEMENT | 74.50 | 0.00% | 0.00% | -3.68% |
12 | AIRTELAFRI | 858.00 | 10.00% | 10.00% | 0.73% |
The equities market closed positive today due to the gains printed in the TELCOS, Consumer Goods and Industrial 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.
