August 26, 2022/InvestmentOne Report
The local equities market closed northwards by 0.04% as the NGX-ASI settled at 49,682.15pts. Similarly, WTD the market recorded a gain of 0.63%.
In today’s trade, market breadth index was positive with 17 gainers against 15 losers.
JAPAULGOLD (+9.68%) was the top gainer, while ELLAHLAKES (-10.00%) led the losers today.
JAIZBANK (+1.18%) was the most actively traded stock with about 46 million units of shares worth about N39 million.
Sector Performances
· NGX Consumer Goods Index: Rose by 0.51%, on the back of the gain recorded in NESTLE (+3.26%).
· NGX Oil and Gas Index: Advanced by 0.16%, as a result of the appreciation seen in OANDO (+1.00%).
· NGX Banking Index: Increased by 0.67%, due to the sell-offs on UBN (-6.67%) and ZENITHBANK (-0.45%).
· NGX Industrial Index: Moderated by 0.01%, on the back of the loss printed in WAPCO (-0.21%).
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 | 0.00% | -1.20% | -11.83% |
2 | FBNH | 10.85 | 0.93% | 0.93% | -4.82% |
3 | FIDELITYBK | 3.06 | 0.00% | 0.00% | 20.00% |
4 | GTCO | 20.00 | 0.25% | -1.48% | -23.08% |
5 | UBA | 7.15 | 0.70% | 0.70% | -11.18% |
6 | ZENITHBANK | 21.90 | -0.45% | -0.23% | -12.92% |
7 | AIRTELAFRI | 2040.00 | 0.00% | 7.06% | 113.61% |
8 | BUACEMENT | 52.00 | 0.00% | -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 positively due to the gains recorded across the consumer goods and oil and gas 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.
