November 10, 2021/InvestmentOne Report
The Nigerian equities market closed negative by 0.05% as NGX-ASI closed at 43,707.30 pts.
In today’s trade, market breadth index was slightly negative with 19 losers against 18 gainers.
REDSTAREX (-9.86%) was the top loser, while NEIMETH (+10.00%) led the gainers today.
FLOURMILL (+0.52%) was the most actively traded stock with about 51million units of shares worth about N1.47 billion.
Sector Performances
- NGX Banking Index: Declined by 0.97%, due to the losses recorded in FIDELITY (-1.82%), ZENITHBANK (-1.23%), UBA (-1.18%), ACCESS (-1.05%) and ETI (-0.57%).
- NGX Industrial Index: Decreased by 0.25%, due to the losses recorded in WAPCO(-3.90%) and CUTIX(-0.16%).
- NGX Oil and Gas Index: Fell by 0.24%, due to the sell-off recorded in ARDOVA (-4.12%).
- NGX Consumer Goods Index: Advanced by 0.12%, due to the gains recorded in HONYFLOUR (+6.95%), NASCON (+1.07%) and FLOURMILL (+0.52%).
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 | -1.05% | -1.05% | 11.24% |
2 | DANGCEM | 280.00 | 0.00% | 0.00% | 14.33% |
3 | FBNH | 11.45 | 0.88% | 3.15% | 60.14% |
4 | FIDELITYBK | 2.70 | -1.82% | 0.00% | 7.14% |
5 | GTCO | 27.65 | 0.00% | -1.95% | -14.53% |
6 | MTNN | 201.00 | 0.50% | 14.46% | 18.30% |
7 | UBA | 8.35 | -1.18% | -1.18% | -3.47% |
8 | SEPLAT | 731.50 | 0.00% | 0.00% | 81.83% |
9 | ZENITHBANK | 24.10 | -1.23% | -2.03% | -2.82% |
10 | OKOMUOIL | 142.00 | 0.00% | 0.00% | 56.04% |
11 | BUACEMENT | 74.50 | 0.00% | 0.00% | -3.68% |
12 | AIRTELAFRI | 880.00 | 0.00% | 12.82% | 3.31% |
The equities market closed down today due to the losses printed across major 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.
