May 4, 2022/InvestmentOne Report
The Nigerian equities market closed up today by 0.98% as NGX-ASI closed at 50,126.41pts.
In today’s trade, market breadth index was positive with 31 gainers against 27 losers.
WEMABANK (+10.00%) was the top gainer, while OANDO (-10.00%) led the losers today.
UBN (-0.79%) was the most actively traded stock with about 263million units of shares worth about N1billion.
Sector Performances
· NGX Consumer Goods Index: Appreciated by 3.30%, as a result of the buy-interest recorded in NB (+9.98%), CHAMPION (+9.92%), INTBREWERIES (+9.80%), CADBURY (+9.76%) and GUINNESS (+7.53%).
· NGX Industrial Index: Improved by 2.97%, due to the gain witnessed in BUACEMENT (+8.16%).
· NGX Oil and Gas Index: Decreased by 1.37%, due to the loss seen in OANDO (-10.00%).
· NGX Banking Index: Marginalized by 0.98%, on the back of the sell-offs recorded in FIDELITYBK (-2.63%), UBA (-2.42%), ZENITHBANK (-1.43%), and UBN (-0.79%).
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 | -1.03% | -1.03% | 3.23% |
2 | FBNH | 11.90 | -0.83% | -0.83% | 4.39% |
3 | FIDELITYBK | 3.70 | -2.63% | -2.63% | 45.10% |
4 | GTCO | 23.95 | -0.21% | -0.21% | -7.88% |
5 | UBA | 8.05 | -2.42% | -2.42% | 0.00% |
6 | ZENITHBANK | 24.15 | -1.43% | -1.43% | -3.98% |
7 | AIRTELAFRI | 1386.00 | 0.00% | 0.00% | 45.13% |
8 | BUACEMENT | 74.25 | 8.16% | 8.16% | 10.74% |
9 | DANGCEM | 292.40 | 0.00% | 0.00% | 13.77% |
10 | MTNN | 214.50 | 0.00% | 0.00% | 8.88% |
11 | OKOMUOIL | 161.70 | 10.00% | 10.00% | 13.87% |
12 | SEPLAT | 1200.00 | 0.00% | 0.00% | 84.62% |
The equities market closed positive due to the buy-interest recorded in 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.
