January 17, 2021/InvestmentOne Update
The Nigerian equities market closed southwards by 0.12% as NGX-ASI closed at 44,399.66pts.
In today’s trade, market breadth index was negative with 22 losers against 16 gainers.
VERITASKAP (-8.70%) led the losers, while TIP (+10.00%) was the top gainer today.
TRANSCORP (-5.26%) was the most actively traded stock with about 39million units of shares worth about N43million.
Sector Performances
- NGX Banking Index: Declined by 0.08%, as a result of the losses printed in JAIZBANK (-2.94%), UNITYBANK (-2.04%), STERLNBANK (-1.27%) and UBA (-1.21%).
- NGX Industrial Index: Increased by 0.81%, due to the gains recorded in BUACEMENT (+2.19%).
- NGX Oil and Gas Index: Advanced by 0.21%, due to the gains printed in ETERNA (+6.95%) and OANDO (+0.42%).
- NGX Consumer Goods Index: Rose by 0.20%, due to the buy-interest recorded in NB (+2.83%) and HONYFLOUR (+0.30%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) | Year to date change (%) |
1 | ACCESS | 9.50 | 0.00% | 0.00% | 2.15% |
2 | DANGCEM | 270.00 | 0.00% | 0.00% | 5.06% |
3 | FBNH | 12.00 | 0.00% | 0.00% | 5.26% |
4 | FIDELITYBK | 2.65 | 1.92% | 1.92% | 3.92% |
5 | GTCO | 25.15 | -0.20% | -0.20% | -3.27% |
6 | MTNN | 190.00 | 0.00% | 0.00% | -3.55% |
7 | UBA | 8.15 | -1.21% | -1.21% | 1.24% |
8 | SEPLAT | 690.00 | 0.00% | 0.00% | 6.15% |
9 | ZENITHBANK | 25.50 | 0.00% | 0.00% | 1.39% |
10 | OKOMUOIL | 142.00 | 0.00% | 0.00% | 0.00% |
11 | BUACEMENT | 70.00 | 2.19% | 2.19% | 4.40% |
12 | AIRTELAFRI | 1050.50 | 0.00% | 0.00% | 10.00% |
The equities market closed negative today due to the loss 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.
Please click here to download today’s price list.
