March 1, 2022/InvestmentOne Update
The Nigerian equities market closed in the positive territory by 0.19% as NGX-ASI closed at 47,482.73pts.
In today’s trade, market breadth index was broadly negative with 15 gainers against 34 losers.
SEPLAT (+9.99%) was the top gainer, while CUTIX (-10.00%) led the losers today.
FCMB (+3.23%) was the most actively traded stock with about 58million units of shares worth about N183million.
Sector Performances
- NGX Oil and Gas Index: Increased by 5.36%, due to the gains recorded in SEPLAT (+9.99%) and OANDO (+1.46%).
- NGX Banking Index: Decreased by 0.75%, on the back of losses witnessed in ETI (-4.18%), STERLNBANK (-3.05%),UBA (-1.16%) and WEMABANK (-1.04%).
- NGX Industrial Index: Fell by 0.27%, as a result of the losses printed in CUTIX (-10.00%) and WAPCO (-3.53%).
- NGX Consumer Goods Index: Declined by 0.17%, due to the sell-offs recorded in HONYFLOUR (-3.31%), INTBREW (-1.74%) and DANGSUGAR (-0.59%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) | Year to date change (%) |
1 | ACCESS | 10.40 | 0.48% | 0.48% | 11.83% |
2 | DANGCEM | 273.50 | 0.00% | 0.00% | 6.42% |
3 | FBNH | 11.50 | 0.00% | -0.43% | 0.88% |
4 | FIDELITYBK | 3.00 | 0.00% | -1.96% | 17.65% |
5 | GTCO | 26.95 | 0.19% | 0.19% | 3.65% |
6 | MTNN | 203.00 | 1.00% | 1.00% | 3.05% |
7 | UBA | 8.55 | -1.16% | -1.72% | 6.21% |
8 | SEPLAT | 945.80 | 9.99% | 9.99% | 45.51% |
9 | ZENITHBANK | 27.00 | -0.37% | 0.19% | 7.36% |
10 | OKOMUOIL | 135.00 | 0.00% | 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 positively today due to the gains printed in the Oil and Gas sector and MTNN. 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.
