Bulls Sustain Hold on Nigerian Bourse, NSEASI Up +0.11% on Gains Across Sectors

January 13, 2021/InvestmentOne Report

Nigerian Stock Exchange Trading Floor. Image credit: NSE

The Nigerian equities market closed positive today as NSE-ASI gained 0.11% to close at 40,341.05pts.

Similarly, market breadth index was positive with 32 gainers against 16 losers.

SOVRENINS (+10.00%) led the gainer’s chart today, while CHELLARAM (-9.96%) was the top loser.

ZENITHBANK (+0.39%) was the most actively traded stock with about 46million units of shares worth about N1.19billion.

Sector Performances .

  • NSE Oil & Gas Index: Advanced 1.74% due to the gains in MOBIL (+9.43%), ARDOVA (+1.52%) and SEPLAT (+0.08%). 
  • NSE Consumer Goods Index: Rose by 0.11% as a result of the buy-interests in CHAMPION (+9.80%), FLOURMILL (+6.93%), and UNILEVER (+0.75%).  
  • NSE Industrial Index: Gained 0.08% as a result of the gain in WAPCO (+1.35%). 
  • NSE Banking Index:  Closed up by 0.08% on the back of the positive sentiment in STERLNBANK (+2.05%), ACCESS (+1.10%), and ZENITHBANK (+0.39%). 

Performance of key stocks

S/N

 

Stock

 

Current Price (N)

 

1-day change (%)

 

Week to date change (%)

 

Year to date change (%)

 

1

 

ACCESS

 

9.15

 

1.10%

 

1.10%

 

8.28%

 

2

 

DANGCEM

 

230.00

 

0.00%

 

2.22%

 

-6.08%

 

3

 

FBNH

 

7.35

 

-0.68%

 

-1.34%

 

2.80%

 

4

 

FIDELITYBK

 

2.68

 

-0.74%

 

2.29%

 

6.35%

 

5

 

GUARANTY

 

32.40

 

-0.31%

 

-1.82%

 

0.15%

 

6

 

MTNN

 

165.00

 

0.00%

 

-0.12%

 

-2.88%

 

7

 

UBA

 

8.80

 

0.00%

 

-0.56%

 

1.73%

 

8

 

SEPLAT

 

496.50

 

0.08%

 

0.08%

 

23.42%

 

9

 

ZENITHBANK

 

25.90

 

0.39%

 

0.97%

 

4.44%

 

10

 

OKOMUOIL

 

93.00

 

0.00%

 

0.54%

 

2.20%

 

11

 

BUACEMENT

 

79.90

 

0.00%

 

-0.12%

 

3.30%

 

12

 

AIRTELAFRI

 

851.80

 

0.00%

 

0.00%

 

0.00%

 

The equities market closed up today due to the gains in most sectors. While we believe the risk-off sentiment on the back of uncertainty around oil price, as well as the impact of the Coronavirus, could continue to weigh in on the equities market, we opine that the equities market still presents decent opportunities for investors chasing positive real return on investments in the medium to long run.

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