March 4, 2022/InvestmentOne Report
The Nigerian equities market closed in the negative territory by 0.06% as NGX-ASI closed at 47,268.61pts. Similarly, the market lost 0.13% Week-on-Week.
In today’s trade, market breadth index was slightly positive with 20 gainers against 19 losers.
JOHNHOLT (+8.86%) was the top gainer, while ROYALEX (-9.40%) led the losers today
FCMB (+3.33%) was the most actively traded stock with about 25million units of shares worth about N84million.
Sector Performances
- NGX Banking Index: Declined by 0.66%, due to the sell-offs witnessed in WEMABANK (-2.11%), UNITYBNK (-2.00%), ZENITHBANK (-0.94%), and STERLNBANK (-0.49%).
- NGX Oil and Gas Index: Rose by 0.24%, due to the loss recorded in OANDO (+2.08%).
- NGX Consumer Goods Index: Appreciated by 0.13%, as a result of the losses printed in INTBREW (+3.09%) and HONYFLOUR (+2.78%).
- 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 | 10.15 | 0.00% | -1.93% | 9.14% |
2 | DANGCEM | 273.50 | 0.00% | 0.00% | 6.42% |
3 | FBNH | 11.25 | 1.81% | -2.60% | -1.32% |
4 | FIDELITYBK | 2.91 | 1.39% | -4.90% | 14.12% |
5 | GTCO | 26.00 | -1.33% | -3.35% | 0.00% |
6 | MTNN | 203.50 | -0.25% | 1.24% | 3.30% |
7 | UBA | 8.25 | -1.20% | -5.17% | 2.48% |
8 | SEPLAT | 1034.00 | 0.00% | 20.25% | 59.08% |
9 | ZENITHBANK | 26.45 | -0.94% | -1.86% | 5.17% |
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 southwards today due to the loss printed in the banking sector. 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.
