September 21, 2022/InvestmentOne Report
The local equities market closed in negative zone by 0.05% as the NGX-ASI settled at 49,421.91pts.
In today’s trade, market breadth index was negative with 12 losers against 10 gainers.
UNITYBNK (+10.00%) led the gainers, while ACADEMY (-9.78%) was the top loser today.
ZENITHBANK (+0.76%) was the most actively traded stock with about 6 million units of shares worth about N125 million.
Sector Performances
· NGX Oil and Gas Index: Fell by 0.10%, driven by the loss recorded in OANDO (-0.60%).
· NGX Industrial Index: Decreased by 0.03%, due to the southward movement witnessed in WAPCO (-0.41%).
· NGX Consumer Goods Index: Declined by 0.02%, as a result of the loss printed in CADBURY (-5.45%).
· NGX Banking Index: Increased by 0.49%, due to the gains recorded in UNITYBNK (+10.00%), FIDELITY (+5.46%) and UBA (+1.38%).
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 | 10.15 | -3.33% | 1.50% | -10.96% |
3 | FIDELITYBK | 3.67 | 5.46% | 7.62% | 43.92% |
4 | GTCO | 19.25 | -1.53% | -2.28% | -25.96% |
5 | UBA | 7.35 | 1.38% | 3.52% | -8.70% |
6 | ZENITHBANK | 19.95 | 0.76% | 1.01% | -20.68% |
7 | AIRTELAFRI | 2000.00 | 0.00% | 0.00% | 109.42% |
8 | BUACEMENT | 53.40 | 0.00% | 0.00% | -20.36% |
9 | DANGCEM | 245.00 | 0.00% | 0.00% | -4.67% |
10 | MTNN | 199.90 | 0.00% | -0.05% | 1.47% |
11 | OKOMUOIL | 188.30 | 0.00% | 0.00% | 32.61% |
12 | SEPLAT | 1250.00 | 0.00% | -3.85% | 92.31% |
The equities market closed southwards today due to the losses 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.
