August 17, 2022/InvestmentOne Report
The Nigerian equities market closed southwards by 0.04% as the NGX-ASI settled at 49,691.17pts.
In today’s trade, market breadth index was negative with 16 losers against 10 gainers.
PRESTIGE (+9.09%) led the gainers, while COURTVILLE (-9.80%) was the top loser today.
FBNH (-0.05%) was the most actively traded stock with about 28 million units of shares worth about N303 million.
Sector Performances
· NGX Banking Index: Fell by 0.21%, driven by the losses in UBA (-0.71%) and ZENITHBANK (-0.46%).
· NGX Oil and Gas Index: Weakened by 0.15% due to the depreciation recorded in OANDO (-1.02%).
· NGX Consumer Goods Index: Declined by 0.07%, on the back of the losses recorded in HONYFLOUR (-5.36%) and PZ (-3.23%).
· 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 | 8.50 | 0.00% | -3.41% | -8.60% |
2 | FBNH | 10.70 | -0.47% | -2.73% | -6.14% |
3 | FIDELITYBK | 3.08 | 0.98% | 0.98% | 20.78% |
4 | GTCO | 20.30 | 0.00% | -0.49% | -21.92% |
5 | UBA | 6.95 | -0.71% | -1.42% | -13.66% |
6 | ZENITHBANK | 21.70 | -0.46% | 2.12% | -13.72% |
7 | AIRTELAFRI | 1905.40 | 0.00% | 0.00% | 99.52% |
8 | BUACEMENT | 54.60 | 0.00% | 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 negatively due to the losses recorded across the banking, oil and gas and consumer goods 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.
