August 10, 2022/InvestmentOne Report
The Nigerian equities market closed positive by 1.47% as the NGX-ASI settled at 50,075.47pts.
In today’s trade, market breadth index was positive with 20 gainers against 10 losers.
DANGCEM (+9.96%) was the top gainer, while WAPCO (-8.84%) led the losers today.
JAIZBANK (+3.45%) was the most actively traded stock with about 115million units of shares worth about N100million.
Sector Performances
· NGX Industrial Index: Rose by 4.35%, on the back of the gain seen in DANGCEM (+9.96%).
· NGX Banking Index: Increased by 0.42%, due to the buy-interest printed in JAIZBANK (+3.45%), ZENITHBANK (+0.94%) and UBN (+0.86%).
· NGX Consumer Goods Index: Advanced by 0.33%, on the back of the gains recorded in CHAMPION (+5.60%), INTBREW (+5.00%) and GUINNESS (+1.20%).
· NGX Oil and Gas Index: Inched up by 0.06%, as a result of the increase seen in ETERNA (+2.80%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) | Year to date change (%) |
1 | ACCESSCORP | 8.95 | -0.56% | -0.56% | -3.76% |
2 | FBNH | 10.80 | 0.00% | -1.37% | -5.26% |
3 | FIDELITYBK | 3.02 | 0.67% | 0.67% | 18.43% |
4 | GTCO | 20.55 | 0.00% | -0.24% | -20.96% |
5 | UBA | 7.20 | 0.00% | -0.69% | -10.56% |
6 | ZENITHBANK | 21.45 | 0.94% | -2.05% | -14.71% |
7 | AIRTELAFRI | 1905.40 | 0.00% | 0.00% | 99.52% |
8 | BUACEMENT | 58.80 | 0.00% | 0.00% | -12.30% |
9 | DANGCEM | 265.00 | 9.96% | 0.00% | 3.11% |
10 | MTNN | 201.00 | 0.00% | -6.47% | 2.03% |
11 | OKOMUOIL | 216.90 | 0.00% | 0.00% | 52.75% |
12 | SEPLAT | 1430.50 | 0.00% | 0.00% | 120.08% |
The equities market closed in green due to the gains printed 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.
