NSE-ASI Gains -0.26% Boosted by Banking, Oil & Gas Sectors

April 8, 2021/InvestmentOne Report

Nigerian Stock Exchange Trading Floor. Image credit: NSE

The Nigerian equities market inched up today as NSE-ASI gained 0.26% to close at 38,876.25pts. 

In today’s trade, market breadth index was positive with 13 gainers against 12 losers.

CHIPLC (+9.68%) was the top gainer, while ROYALEX  (-7.69%) led the losers today.

FBNH  was the most actively traded stock with about 21.85million units of shares worth about 157.18million.

Sector Performances

  • NSE Banking Index: Rose by 2.19%, due to gains in ZENITHBANK (+3.81%), GUARANTY (+2.68%), ACCESS(+1.90%) and UBA (+0.72%).
  • NSE Oil and Gas Index:  Increased by 0.40% as a result of buy-interest in OANDO (+5.16%).
  • NSE Consumer Goods Index: Shed 0.20% on the back of negative sentiment in  HONYFLOUR (-5.04%) and INTBREW (-2.63%).
  • NSE Industrial 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

 

8.05

 

1.90%

 

-0.62%

 

-4.73%

 

2

 

DANGCEM

 

215.00

 

0.00%

 

0.00%

 

-12.21%

 

3

 

FBNH

 

7.25

 

0.00%

 

0.00%

 

1.40%

 

4

 

FIDELITYBK

 

2.46

 

-1.60%

 

-4.65%

 

-2.38%

 

5

 

GUARANTY

 

28.75

 

2.68%

 

-4.01%

 

-11.13%

 

6

 

MTNN

 

162.00

 

0.00%

 

1.12%

 

-4.65%

 

7

 

UBA

 

7.00

 

0.72%

 

-0.71%

 

-19.08%

 

8

 

SEPLAT

 

550.00

 

0.00%

 

0.00%

 

36.71%

 

9

 

ZENITHBANK

 

21.80

 

3.81%

 

-1.36%

 

-12.10%

 

10

 

OKOMUOIL

 

93.00

 

3.33%

 

3.33%

 

2.20%

 

11

 

BUACEMENT

 

72.70

 

0.00%

 

-1.09%

 

-6.01%

 

12

 

AIRTELAFRI

 

930.00

 

0.00%

 

0.00%

 

9.18%

 

The equities market closed up today due to the gains recorded in Banking and Oil and Gas 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.

Leave a Comment

Your email address will not be published. Required fields are marked *

*