June 3, 2022/InvestmentOne Report
The Nigerian equities market closed negative today by 0.25% as NGX-ASI settled at 52,840.21pts.
In today’s trade, market breadth index was broadly negative with 13 gainers against 26 losers.
ELLAHLAKES (+9.62%) was the top gainer, while ROYALEX (-10.00%) led the losers today.
FBNH (-2.20%) was the most actively traded stock with about 75million units of shares worth about N836million.
Sector Performances
· NGX Consumer Goods Index: Decreased by 1.29%, as a result of the southward movement witnessed in CHAMPION (-8.63%), INTBREW (-5.66%) and NB (-4.65%).
· NGX Banking Index: Lost 0.97%, due to the declines printed in ZENITHBANK (-1.92%), UBA (-1.90%) and FIDELITYBK (-0.62%).
· NGX Oil and Gas Index: Moderated by 0.07%, on the back of the sell-offs seen in ETERNA (-2.96%) and OANDO (-0.33%).
· 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 | ACCESSCORP | 9.90 | 0.00% | 0.51% | 6.45% |
2 | FBNH | 11.10 | -2.20% | -3.48% | -2.63% |
3 | FIDELITYBK | 3.22 | -0.62% | -5.29% | 26.27% |
4 | GTCO | 22.55 | -0.22% | -1.96% | -13.27% |
5 | UBA | 7.75 | -1.90% | -2.52% | -3.73% |
6 | ZENITHBANK | 23.00 | -1.92% | -3.77% | -8.55% |
7 | AIRTELAFRI | 1766.00 | -0.06% | -0.06% | 84.92% |
8 | BUACEMENT | 74.25 | 0.00% | 0.00% | 10.74% |
9 | DANGCEM | 277.00 | 0.00% | -6.73% | 7.78% |
10 | MTNN | 230.00 | 0.00% | -2.95% | 16.75% |
11 | OKOMUOIL | 193.50 | 0.00% | -10.00% | 36.27% |
12 | SEPLAT | 1289.50 | 0.00% | -0.81% | 98.38% |
The equities market closed negatively today due to the losses 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.
Please click here to download today’s price list.
