NGX-ASI Takes a Breather; Closes Up by 0.01% Buoyed by Banking, Industrial Counters

September 14, 2021/InvestmentOne Report

Nigerian Stock Exchange Trading Floor. Image Credit: NGX

The Nigerian equities market closed up today by 0.01% as NGX-ASI closed at 38,920.50.   

In today’s trade, market breadth index was negative with 21 losers against 14 gainers.  

UPDC (+9.93%) was the top gainer while SOVRENINS (-7.41%) led the losers today.  

WEMABANK (-1.30%) was the most actively traded stock with about 47million units of shares worth about N36million. 

Sector Performances

 

  • NGX Oil and Gas Index: Decreased by 1.45%, due to the loss in OANDO (-2.25%),
  • NGX Consumer Goods Index: Fell by 0.08%, due to the decline in DANGSUGAR (-1.70%)
  • NGX Industrial Index: Increased by 0.13%, due to the buy interest in WAPCO (+2.27%)
  • NGX Banking Index: Increased by 0.09%, due to the increase in FIDELITYBK (+1.67%) and ZENITHBANK (+0.42%)

 

Performance of key stocks

S/N

Stock

Current Price (N)

1-day change (%)

Week to date change (%)

Year to date change (%)

1

ACCESS

9.30

0.00%

1.09%

10.06%

2

DANGCEM

245.00

0.00%

0.00%

0.04%

3

FBNH

7.50

0.00%

-0.66%

4.90%

4

FIDELITYBK

2.44

1.67%

6.09%

-3.17%

5

GTCO

27.00

-0.37%

-0.18%

-16.54%

6

MTNN

172.50

0.00%

0.00%

1.53%

7

UBA

7.65

-0.65%

0.66%

-11.56%

8

SEPLAT

759.70

0.00%

0.00%

88.84%

9

ZENITHBANK

23.80

0.42%

-0.83%

-4.03%

10

OKOMUOIL

110.00

0.00%

0.00%

20.88%

11

BUACEMENT

68.00

0.00%

0.00%

-12.09%

12

AIRTELAFRI

715.00

0.00%

0.00%

-16.06%

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

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