NSE Indices Close Somewhat Flat Appreciates +0.03% on Banking Sector Gains

February 23, 2021/InvestmentOne Report

Nigerian Stock Exchange Trading Floor. Image credit: NSE

The Nigerian equities market closed positive today as NSE-ASI gained 0.03% to close at 40,164.86pts.

However, market breadth index was negative with 16 gainers against 24 losers.

AIICO (+7.14%) led the gainer’s chart today, while SUNUASSUR (-9.88%) was the top loser.

FBNH was the most actively traded stock with about 65million units of shares worth about N472million.

Sector Performances .

  • NSE Banking Index:  Advanced by 1.68% on the back of the gains in ZENITHBANK (+4.84%), UBA (+1.19%) and GUARANTY (+0.82%).
  • NSE Consumer Goods Index: Lost 1.61% as a result of the sell-offs in NB (-8.47%), HONYFLOUR (-6.72%), DANGSUGAR (-2.70%) and PZ (-0.93%).
  • NSE Industrial Index: Closed flat.
  • NSE Oil & Gas 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

 

8.35

 

0.00%

 

-0.60%

 

-1.18%

 

2

 

DANGCEM

 

220.00

 

0.00%

 

0.00%

 

-10.17%

 

3

 

FBNH

 

7.30

 

0.00%

 

0.00%

 

2.10%

 

4

 

FIDELITYBK

 

2.31

 

-3.75%

 

-6.85%

 

-8.33%

 

5

 

GUARANTY

 

30.75

 

0.82%

 

1.15%

 

-4.95%

 

6

 

MTNN

 

180.00

 

0.00%

 

0.00%

 

5.94%

 

7

 

UBA

 

8.50

 

1.19%

 

2.41%

 

-1.73%

 

8

 

SEPLAT

 

530.00

 

0.00%

 

0.00%

 

31.74%

 

9

 

ZENITHBANK

 

26.00

 

4.84%

 

5.26%

 

4.84%

 

10

 

OKOMUOIL

 

93.00

 

0.00%

 

0.00%

 

2.20%

 

11

 

BUACEMENT

 

72.00

 

0.00%

 

0.00%

 

-6.92%

 

12

 

AIRTELAFRI

 

930.00

 

0.00%

 

0.00%

 

9.18%

 

The equities market closed up today due to the gains in Banking names. 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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