March 9, 2022/InvestmentOne Report
The Nigerian equities market closed in the positive territory by 0.28% as NGX-ASI closed at 47,2787.09pts.
In today’s trade, market breadth index was broadly positive with 30 gainers against 12 losers.
PRESCO (+10.00%) was the top gainer, while ELLAHLAKES (-9.92%) led the losers today.
FBNH (+3.14%) was the most actively traded stock with about 109million units of shares worth about N1.25billion.
Sector Performances
- NGX Consumer Goods Index: Rose by 2.07%, due to the buy-interests printed in PZ (+3.47%), NB (+3.01%), NESTLE (+2.87%), INTBREW (+1.96%) and FLOURMILL (+1.31%).
- NGX Oil and Gas Index: Increased by 0.11%, due to the gain recorded in OANDO (+0.83%).
- NGX Banking Index: Decreased by 0.04%, on the back of losses witnessed in JAIZBANK (-2.78%) and ZENITHBANK (-1.12%).
- NGX Industrial Index: Fell marginally by 0.01%, as a result of the decline printed in CUTIX (-7.26%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) | Year to date change (%) |
1 | ACCESS | 10.10 | 1.00% | -0.49% | 8.60% |
2 | FBNH | 11.50 | 3.14% | 2.22% | 0.88% |
3 | FIDELITYBK | 2.99 | 0.34% | 2.75% | 17.25% |
4 | GTCO | 26.15 | -0.19% | 0.58% | 0.58% |
5 | UBA | 8.50 | 1.19% | 3.03% | 5.59% |
6 | ZENITHBANK | 26.50 | -1.12% | 0.19% | 5.37% |
7 | AIRTELAFRI | 1260.00 | 0.00% | 0.00% | 31.94% |
8 | BUACEMENT | 70.75 | 0.00% | 0.00% | 5.52% |
9 | DANGCEM | 273.50 | 0.00% | 0.00% | 6.42% |
10 | MTNN | 204.00 | 0.00% | 0.25% | 3.55% |
11 | OKOMUOIL | 137.00 | 1.48% | 1.48% | -3.52% |
12 | SEPLAT | 990.00 | 0.00% | -4.26% | 52.31% |
The equities market closed positively today due to the gains printed in the Consumer Goods and Oil and Gas 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.
