August 16, 2022/InvestmentOne Report
The Nigerian equities market closed positive by 0.10% as the NGX-ASI settled at 49,709.46pts.
In today’s trade, market breadth index was negative with 10 gainers against 22 losers.
CUTIX (+7.5%) was the top gainer, while UPDCREIT (-9.86%) led the losers today.
FBNH was the most actively traded stock with about 37million units of shares worth about N396million.
Sector Performances
· NGX Industrial Index: Rose by 0.96%, on the back of the gains printed in CUTIX (+7.50%) and BUACEMENT (+2.63%).
· NGX Banking Index: Increased by 0.31%, due to the buy-interests observed in UBN (+3.45%) and ZENITHBANK (+0.46%).
· NGX Oil and Gas Index: Decreased by 0.51%, as a result of the decline seen in ETERNA (-4.76%).
· NGX Consumer Goods Index: Declined by 0.36%, on the back of the losses recorded in PZ (-9.27%), CADBURY (-3.25%) and HONYFLOUR (-1.06%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) | Year to date change (%) |
1 | ACCESSCORP | 8.50 | -0.58% | -3.41% | -8.60% |
2 | FBNH | 10.75 | 0.00% | -2.27% | -5.70% |
3 | FIDELITYBK | 3.05 | -0.33% | 0.00% | 19.61% |
4 | GTCO | 20.30 | -0.25% | -0.49% | -21.92% |
5 | UBA | 7.00 | 0.00% | -0.71% | -13.04% |
6 | ZENITHBANK | 21.80 | 0.46% | 2.59% | -13.32% |
7 | AIRTELAFRI | 1905.40 | 0.00% | 0.00% | 99.52% |
8 | BUACEMENT | 54.60 | 2.63% | 3.12% | -18.57% |
9 | DANGCEM | 258.80 | 0.00% | 0.00% | 0.70% |
10 | MTNN | 201.00 | 0.00% | 0.50% | 2.03% |
11 | OKOMUOIL | 216.90 | 0.00% | 0.00% | 52.75% |
12 | SEPLAT | 1419.90 | 0.00% | -0.74% | 118.45% |
The equities market closed in green on the back of the gains printed in the Industrial and Banking 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.
