February 8, 2022
By Peter OBIORA InvestAdvocate
Lagos (INVESTADVOCATE)-The Nigerian equities market on Tuesday closed in the negative territory as the NGX-ASI dipped –0.31 percent to 47,057.24 basis points; dragged by Banking, Industrial sectors, InvestmentOne reports.
The report says in Tuesday’s trade, market breadth index was negative with 18 gainers compared to 21 losers.
Producer of Specialty Fats and Oils, Presco Plc with a gain of +10.00 percent emerged the topmost gainer, while Courteville Business Solutions Plc, operating in the Commercial Services Sector recorded the worst lost by -7.27 percent.
Guaranty Trust Holding Company Plc (“GTCO Plc) with a loss of -0.37 percent was the most actively traded stock with about 32 million units of shares worth about N888 million, according to InvestmentOne reports.
In terms of sector performances, the NGX Banking Index fell by 0.17 percent, due to the losses recorded in the shares of top tier lenders, Access Bank Plc, Ecobank Transnational Incorporation; both declined -0.97 percent and -0.41 percent apiece, while Africa’s global Bank, United Bank for Africa Plc lost by -0.58 percent.
Also, the NGX Industrial Index closed down marginally by 0.01 percent, on the back of the losses recorded in the shares of cablemaker, Cutix Plc which depreciated by -3.61 percent.
On the positive side, the NGX Oil and Gas Index rose by 0.89 percent, due to the gains printed by the oil and gas giants, Oando Plc and Ardova Plc; both gained +5.68 percent and +1.57 percent respectively.
Similarly, the NGX Consumer Goods Index inched up by 0.04 percent, as a result of the buy-interests witnessed in the shares of Flour Mills of Nigeria Plc and beer producer, International Breweries Plc both appreciated +2.57 percent and +1.00 percent apiece.
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) | Year to date change (%) |
1 | ACCESS | 10.20 | -0.97% | 0.00% | 9.68% |
2 | DANGCEM | 274.80 | 0.00% | 0.00% | 6.93% |
3 | FBNH | 11.00 | 0.00% | -0.90% | -3.51% |
4 | FIDELITYBK | 2.88 | 0.35% | 1.05% | 12.94% |
5 | GTCO | 27.25 | -0.37% | -0.91% | 4.81% |
6 | MTNN | 197.00 | -1.01% | -1.65% | 0.00% |
7 | UBA | 8.60 | -0.58% | 0.58% | 6.83% |
8 | SEPLAT | 866.00 | 0.00% | -0.46% | 33.23% |
9 | ZENITHBANK | 27.00 | 0.19% | 2.47% | 7.36% |
10 | OKOMUOIL | 127.80 | 0.00% | -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 Banking and Industrial 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,” the InvestmentOne report added.
Please click here to download today’s price list.
