January 24, 2022
By Peter OBIORA InvestAdvocate
Lagos (INVESTADVOCATE)-The Nigerian equities market on Monday started the week on a negative note as it closed southwards by 0.06 percent to 45,928.27 basis points, according to InvestmentOne market update.
InvestmentOne reports at the of the session’s trade, market breadth index was negative with 26 losers compared to 14 gainers recorded. Primary Mortgage Institution (PMI) Living Trust Mortgage Bank Plc emerged the topmost gainer with a gain of +9.62 percent, while insurer, Regency Alliance Insurance Co Plc with a loss of -9.52 percent recorded the worst lost of the session.
According to the report, identity management and identity transaction systems provider, Chams Plc was the most actively traded stock with about 40 million units of shares worth about N8 million.
In terms of sector performance, InvestmentOne reports the Nigerian Exchange Group (NGX) Banking Index fell by 0.45 percent, due to the sell pressure recorded in the shares of Unity Bank Plc and Jaiz Bank Plc; both dipped –2.00 percent and -1.43 percent apiece; while Africa’s global lender, United Bank for Africa Plc declined by -1.22 percent.
The NGX Consumer Goods Index depreciated by 0.23 percent due to the losses printed in the shares of beer producers, Nigerian Breweries Plc and Champion Breweries Plc; both dropped -1.46 percent and -0.42 percent respectively, while soap and detergent producers, Unilever Nigeria Plc lost by -1.14 percent.
In the same vein, the NGX Industrial Index fell by 0.01 percent on the back of losses printed in the shares of Cablemaker, Cutix Plc which lost by -4.00 percent.
On the positive side, InvestmentOne reports, the NGX Oil and Gas Index advanced by 1.67 percent due to the buy interest recorded in the shares of first listed Nigerian oil and gas upstream firm, Seplat Energy PLC, formerly Seplat Petroleum Development Company with a gain of +3.30 percent.
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) | Year to date change (%) |
1 | ACCESS | 9.75 | 0.00% | 0.00% | 4.84% |
2 | DANGCEM | 284.90 | 0.00% | 0.00% | 10.86% |
3 | FBNH | 11.80 | -1.67% | -1.67% | 3.51% |
4 | FIDELITYBK | 2.69 | 1.13% | 1.13% | 5.49% |
5 | GTCO | 25.65 | -0.58% | -0.58% | -1.35% |
6 | MTNN | 190.00 | 0.00% | 0.00% | -3.55% |
7 | UBA | 8.10 | -1.22% | -1.22% | 0.62% |
8 | SEPLAT | 780.00 | 3.30% | 3.30% | 20.00% |
9 | ZENITHBANK | 25.60 | -0.78% | -0.78% | 1.79% |
10 | OKOMUOIL | 142.00 | 0.00% | 0.00% | 0.00% |
11 | BUACEMENT | 71.40 | 0.00% | 0.00% | 6.49% |
12 | AIRTELAFRI | 1155.50 | 0.00% | 0.00% | 20.99% |
Source: InvestmentOne Research
“The equities market closed negative today due to the losses recorded across major 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,” InvestmentOne report affirmed.
Please click here to download today’s price list.
