September 6, 2022/InvestmentOne Report
The local equities market closed negative by 0.69% as the NGX-ASI settled at 49,644.92pts.
In today’s trade, market breadth index was negative with 18 losers against 11 gainers.
UNILEVER (+9.43%) led the gainers, while NPFMCRFBK (-7.83%) was the top loser today.
STERLNBANK (+5.48%) was the most actively traded stock with about 18 million units of shares worth about N27 million.
Sector Performances
· NGX Banking Index: Decreased by 1.38%, due to the losses recorded in ZENITHBANK (-3.57%), JAIZBANK (-2.27%) and ACCESSCORP (-0.57%).
· NGX Consumer Goods Index: Rose by 0.16%, as a result of the buy-interest on UNILEVER (+9.43%) and DANGSUGAR (+0.61%).
· NGX Industrial Index: Inched up by 0.04%, on the back of the gains printed in CAP (+7.58%) and WAPCO (+0.21%).
· NGX Oil and Gas 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 | 8.70 | -0.57% | 0.00% | -6.45% |
2 | FBNH | 10.50 | -1.87% | -2.33% | -7.89% |
3 | FIDELITYBK | 3.46 | 0.00% | 1.76% | 35.69% |
4 | GTCO | 19.80 | -0.50% | 0.00% | -23.85% |
5 | UBA | 7.15 | 0.00% | -1.38% | -11.18% |
6 | ZENITHBANK | 20.25 | -3.57% | -5.81% | -19.48% |
7 | AIRTELAFRI | 2000.00 | -1.96% | -1.96% | 109.42% |
8 | BUACEMENT | 53.40 | 0.00% | 0.00% | -20.36% |
9 | DANGCEM | 245.00 | 0.00% | 0.00% | -4.67% |
10 | MTNN | 200.00 | 0.00% | 0.00% | 1.52% |
11 | OKOMUOIL | 188.30 | 0.00% | 0.00% | 32.61% |
12 | SEPLAT | 1300.00 | 0.00% | 0.00% | 100.00% |
The equities market closed southwards due to the losses recorded in the banking sector. 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.
