April 20, 2022/InvestmentOne Report
The Nigerian equities market closed in the green territory today by 1.25% as NGX-ASI closed at 48,138.71pts.
In today’s trade, market breadth index was positive with 28 gainers against 21 losers.
JAPAULGOLD (+10.00%) was the top gainer, while UNIONDICON (-9.60%) led the losers today.
UNIVINSURE was the most actively traded stock with about 73million units of shares worth about N14million.
Sector Performances
· NGX Oil and Gas Index: Increased by 2.98%, on the back of the gains printed in ETERNA (+10.00%), SEPLAT (+4.57%), ARDOVA (+2.77%), CONOIL (+0.77%) and OANDO (+0.21%).
· NGX Consumer Goods Index: Appreciated by 2.06%, due to the gains seen in GUINNESS (+9.96%), NB (+8.60%), HONYFLOUR (+2.43%), FLOURMILL (+1.47%) and NASCON (+0.84%).
· NGX Industrial Index: Rose by 0.98%, due to the buy-interest recorded in MEYER(+9.66%) and DANGCEM (+1.93%).
· NGX Banking Index: Depreciated by 2.45%, as a result of the sell-offs witnessed in ZENITHBANK (-3.42%) and FIDELITYBK (-1.28%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) | Year to date change (%) |
1 | ACCESSCORP | 9.60 | -7.25% | -6.34% | 3.23% |
2 | FBNH | 11.95 | 0.00% | 3.02% | 4.82% |
3 | FIDELITYBK | 3.85 | -1.28% | 0.00% | 50.98% |
4 | GTCO | 23.70 | -3.27% | -3.27% | -8.85% |
5 | UBA | 8.00 | 0.00% | -2.44% | -0.62% |
6 | ZENITHBANK | 24.00 | -3.42% | -4.00% | -4.57% |
7 | AIRTELAFRI | 1320.00 | 4.73% | 4.73% | 38.22% |
8 | BUACEMENT | 70.75 | 0.00% | 0.00% | 5.52% |
9 | DANGCEM | 285.40 | 1.93% | 1.93% | 11.05% |
10 | MTNN | 213.00 | 0.00% | 0.00% | 8.12% |
11 | OKOMUOIL | 153.90 | 2.60% | 2.60% | 8.38% |
12 | SEPLAT | 1030.00 | 4.57% | 4.57% | 58.46% |
The equities market closed positive today due to the buy-interest recorded across major 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.
