September 7, 2022/InvestmentOne Report
The Nigerian equities market closed marginally negative by 0.02% as the NGX-ASI settled at 49,635.76pts.
In today’s trade, market breadth index was slightly negative with 17 losers against 16 gainers.
PZ (+9.76%) led the gainers, while CHAMS (-10.00%) was the top loser today.
STERLNBANK (-3.90%) was the most actively traded stock with about 26 million units of shares worth about N39 million.
Sector Performances
· NGX Oil and Gas Index: Fell by 0.32%, on the back of the sell-off seen on OANDO (-1.92%).
· NGX Banking Index: Decreased by 0.30%, due to the losses recorded in STERLNBANK (-3.90%), ZENITHBANK (-0.99%) and FIDELITYBK (-0.87%).
· NGX Consumer Goods Index: Rose by 0.10%, as a result of the gains printed in PZ (+9.76%) and DANGSUGAR (+0.30%).
· 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 | 8.75 | 0.57% | 0.57% | -5.91% |
2 | FBNH | 10.60 | 0.95% | -1.40% | -7.02% |
3 | FIDELITYBK | 3.43 | -0.87% | 0.88% | 34.51% |
4 | GTCO | 19.80 | 0.00% | 0.00% | -23.85% |
5 | UBA | 7.20 | 0.70% | -0.69% | -10.56% |
6 | ZENITHBANK | 20.05 | -0.99% | -6.74% | -20.28% |
7 | AIRTELAFRI | 2000.00 | 0.00% | -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 in red due to the losses printed in the oil and gas 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.
