September 28, 2022/InvestmentOne Report
The local equities market appreciated slightly by 0.02% as the NGX-ASI settled at 49,171.70pts.
In today’s trade, market breadth index was broadly negative with 20 losers against 7 gainers.
CHAMS (+8.00%) led the gainers, while JAPAULGOLD (-10.00%) was the top loser today.
GTCO (-4.00%) was the most actively traded stock with about 14 million units of shares worth about N259 million.
Sector Performances
· NGX Banking Index: Fell by 1.01%, due to the losses recorded in ACCESSCORP (-2.98%), ZENITHBANK (-1.49%) and FIDELITYBK (-1.07%).
· NGX Consumer Goods Index: Contracted by 0.09%, as a result of the declines printed in INTBREW (-1.96%) and HONYFLOUR (-1.30%).
· NGX Industrial Index: Expanded by 1.10%, due to the northward movement witnessed in the price of BUACEMENT (+3.07%).
· NGX Oil and Gas Index: Increased by 0.34%, driven by the appreciation recorded in ARDOVA (+7.42%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) | Year to date change (%) |
1 | ACCESSCORP | 8.15 | -2.98% | -7.39% | -12.37% |
2 | FBNH | 10.00 | 0.00% | -1.48% | -12.28% |
3 | FIDELITYBK | 3.70 | -1.07% | -2.12% | 45.10% |
4 | GTCO | 18.00 | -4.00% | -2.70% | -30.77% |
5 | UBA | 7.10 | 0.00% | -2.74% | -11.80% |
6 | ZENITHBANK | 19.90 | -1.49% | -0.25% | -20.87% |
7 | AIRTELAFRI | 2000.00 | 0.00% | 0.00% | 109.42% |
8 | BUACEMENT | 52.00 | 3.07% | 8.67% | -22.45% |
9 | DANGCEM | 245.00 | 0.00% | 0.00% | -4.67% |
10 | MTNN | 200.00 | 0.00% | -0.05% | 1.52% |
11 | OKOMUOIL | 188.30 | 0.00% | 0.00% | 32.61% |
12 | SEPLAT | 1250.00 | 0.00% | 0.00% | 92.31% |
The equities market closed northwards today due to the gains recorded in the Industrial and Oil & 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.
