January 28, 2022/InvestmentOne Report
The Nigerian equities market closed northwards by 0.43% as NGX-ASI closed at 46,205.05pts. Similarly, the market closed up by 0.54% WTD.
In today’s trade, market breadth index was broadly positive with 39 gainers against 7 losers.
CORNERST (+10.00%) was the top gainer while UPL (-9.86%) led the losers today.
FBNH (+4.82%) was the most actively traded stock with about 40million units of shares worth about N468million.
Sector Performances
- NGX Banking Index: Rose by 2.30%, due to the buy interest recorded in ETI (+9.62%), STERLNBANK (+8.18%) and UBA (+1.81%).
- NGX Oil and Gas Index: Advanced by 2.22%, due to the gains recorded in TOTAL (+8.61%) and ARDOVA (+3.16%).
- NGX Consumer Goods Index: Increased by 0.81%, due to the gains printed in VITAFOAM (+9.91%), INTBREW (+7.27%) and GUINNESS (+2.89%).
- NGX Industrial Index: Fell by 0.01%, on the back of losses printed in CUTIX (-4.00%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) | Year to date change (%) |
1 | ACCESS | 9.85 | 1.55% | 1.03% | 5.91% |
2 | DANGCEM | 260.60 | 0.00% | -8.53% | 1.40% |
3 | FBNH | 11.95 | 4.82% | -0.42% | 4.82% |
4 | FIDELITYBK | 2.72 | 0.74% | 2.26% | 6.67% |
5 | GTCO | 25.65 | 0.59% | -0.58% | -1.35% |
6 | MTNN | 190.00 | 0.00% | 0.00% | -3.55% |
7 | UBA | 8.45 | 1.81% | 3.05% | 4.97% |
8 | SEPLAT | 790.00 | 0.51% | 4.62% | 21.54% |
9 | ZENITHBANK | 25.75 | 0.98% | -0.19% | 2.39% |
10 | OKOMUOIL | 142.00 | 0.00% | 0.00% | 0.00% |
11 | BUACEMENT | 69.95 | 0.00% | -2.03% | 4.33% |
12 | AIRTELAFRI | 1271.00 | 0.00% | 10.00% | 33.09% |
The equities market closed in positive zone today due to the gains printed 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.
