February 28, 2022/InvestmentOne Update
The Nigerian equities market closed in positive territory by 0.14% as NGX-ASI closed at 47,394.53pts.
In today’s trade, market breadth index was positive with 23 gainers against 15 losers.
LINKASSURE (+10.00%) was the top gainer, while ACADEMY (-9.69%) led the losers today.
FCMB (+1.64%) was the most actively traded stock with about 104million units of shares worth about N324million.
Sector Performances
- NGX Banking Index: Increased by 0.55%, on the back of gains witnessed in ETI (+5.29%), STERLNBANK (+3.14%) , WEMABANK (+2.13%) and ZENITHBANK (+0.56%).
- NGX Consumer Goods Index: Rose by 0.29%, due to the buy-interests recorded in HONYFLOUR (+5.36%) and INTBREW (+4.55%).
- NGX Industrial Index: Appreciated by 0.18%, as a result of the gain printed in WAPCO (+2.47%).
- NGX Oil and Gas Index: Declined by 0.21%, due to the loss recorded in OANDO (-1.44%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) | Year to date change (%) |
1 | ACCESS | 10.35 | 0.00% | 0.00% | 11.29% |
2 | DANGCEM | 273.50 | 0.00% | 0.00% | 6.42% |
3 | FBNH | 11.50 | -0.43% | -0.43% | 0.88% |
4 | FIDELITYBK | 3.00 | -1.96% | -1.96% | 17.65% |
5 | GTCO | 26.90 | 0.00% | 0.00% | 3.46% |
6 | MTNN | 201.00 | 0.00% | 0.00% | 2.03% |
7 | UBA | 8.65 | -0.57% | -0.57% | 7.45% |
8 | SEPLAT | 859.90 | 0.00% | 0.00% | 32.29% |
9 | ZENITHBANK | 27.10 | 0.56% | 0.56% | 7.75% |
10 | OKOMUOIL | 135.00 | 5.63% | 5.63% | -4.93% |
11 | BUACEMENT | 70.75 | 0.00% | 0.00% | 5.52% |
12 | AIRTELAFRI | 1260.00 | 0.00% | 0.00% | 31.94% |
The equities market closed northwards today due to the gains printed in the Banking, Consumer Goods 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.
Please click here to download today’s price list.
