August 24, 2022/InvestmentOne Report
The Nigerian equities market closed positive by 0.22% as the NGX-ASI settled at 48,675.24pts.
In today’s trade, market breadth index was negative with 11 gainers against 16 losers.
NEM (+10.00%) was the top gainer, while FIDSON (-9.80%) led the losers today.
ACCESCCORP (-1.20%) was the most actively traded stock with about 28 million units of shares worth about N231 million.
Sector Performances
· NGX Banking Index: Increased by 0.56%, due to the buy-interests observed in ETI (+8.00%), STERLNBANK (+1.33%) and FIDELITYBK (+0.66%).
· NGX Industrial Index: Rose by 0.47%, on the back of the gains printed in CUTIX (+7.37%) and BUACEMENT (+1.27%).
· NGX Oil and Gas Index: Advanced by 0.16%, as a result of the appreciation seen in OANDO (+1.05%).
· NGX Consumer Goods Index: Climbed by 0.09%, on the back of the upticks recorded in HONYFLOUR (+2.77%) and NESTLE (+0.23%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) | Year to date change (%) |
1 | ACCESSCORP | 8.20 | -1.20% | -1.20% | -11.83% |
2 | FBNH | 10.75 | 0.00% | 0.00% | -5.70% |
3 | FIDELITYBK | 3.03 | 0.66% | -0.98% | 18.82% |
4 | GTCO | 20.10 | -0.50% | -0.99% | -22.69% |
5 | UBA | 7.00 | -0.71% | -1.41% | -13.04% |
6 | ZENITHBANK | 22.00 | 0.00% | 0.23% | -12.52% |
7 | AIRTELAFRI | 1905.40 | 0.00% | 0.00% | 99.52% |
8 | BUACEMENT | 52.00 | 1.27% | -3.44% | -22.45% |
9 | DANGCEM | 245.00 | 0.00% | -5.33% | -4.67% |
10 | MTNN | 200.00 | 0.00% | 2.04% | 1.52% |
11 | OKOMUOIL | 188.30 | 0.00% | -3.58% | 32.61% |
12 | SEPLAT | 1300.00 | 0.00% | -8.44% | 100.00% |
The equities market closed in green due to the gains 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.
