February 7, 2022/InvestmentOne Report
The Nigerian equities market closed in negative territory by 0.16% as NGX-ASI closed at 47,203.39pts.
In today’s trade, market breadth index was neutral with 23 gainers against 23 losers.
SUNUASSUR (+10.00%) was the top gainer while OKOMUOIL (-10.00%) led the losers today.
GTCO (-0.55%) was the most actively traded stock with about 45million units of shares worth about N1.23billion.
Sector Performances
- NGX Oil and Gas Index: Declined by 1.48%, due to the losses printed in OANDO (-7.95%) and SEPLAT (-0.46%).
- NGX Consumer Goods Index: Decreased by 0.43%, due to the sell-offs witnessed in PZ (-7.19%), INTBREW (-5.66%) and HONYFLOUR (-1.43%).
- NGX Banking Index: Rose by 1.14%, due to the buy-interests recorded in ZENITHBANK (+2.28%), UBA (+1.17%) and ACCESS (+0.98%).
- NGX 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 | 10.30 | 0.98% | 0.98% | 10.75% |
2 | DANGCEM | 274.80 | 0.00% | 0.00% | 6.93% |
3 | FBNH | 11.00 | -0.90% | -0.90% | -3.51% |
4 | FIDELITYBK | 2.87 | 0.70% | 0.70% | 12.55% |
5 | GTCO | 27.35 | -0.55% | -0.55% | 5.19% |
6 | MTNN | 199.00 | -0.65% | -0.65% | 1.02% |
7 | UBA | 8.65 | 1.17% | 1.17% | 7.45% |
8 | SEPLAT | 866.00 | -0.46% | -0.46% | 33.23% |
9 | ZENITHBANK | 26.95 | 2.28% | 2.28% | 7.16% |
10 | OKOMUOIL | 127.80 | -10.00% | -10.00% | -10.00% |
11 | BUACEMENT | 70.75 | 0.00% | 0.00% | 5.52% |
12 | AIRTELAFRI | 1271.00 | 0.00% | 0.00% | 33.09% |
The equities market closed southwards today due to the losses printed in the Oil and Gas and Consumer Goods 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.
