October 5, 2022/InvestmentOne Report
The local equities market closed negatively by 0.09% as the NGX-ASI settled at 48,836.70pts.
In today’s trade, market breadth index was broadly negative with 22 losers against 12 gainers.
MULTIVERSE (+9.88%) led the gainers, while CADBURY (-9.93%) was the top loser today.
CHAMS was the most actively traded stock with about 25 million units of shares worth about N7 million.
Sector Performances
· NGX Banking Index: Declined by 0.98%, due to the losses recorded in UNITYBNK (-6.82%), WEMABANK (-6.38%), ZENITHBANK (-1.55%) and ACCESSCORP (-1.32%).
· NGX Oil and Gas Index: Contracted by 0.27%, driven by the decline in the price of OANDO (-1.70%).
· NGX Consumer Goods Index: Fell by 0.18%, as a result of the depreciation seen in the prices of CADBURY (-9.93%) and NNFM (-9.33%).
· 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 | 7.50 | -1.32% | -6.83% | -19.35% |
2 | FBNH | 9.90 | -0.50% | -2.94% | -13.16% |
3 | FIDELITYBK | 3.45 | -1.43% | -6.25% | 35.29% |
4 | GTCO | 17.30 | -1.70% | -2.54% | -33.46% |
5 | UBA | 6.80 | 0.74% | -2.86% | -15.53% |
6 | ZENITHBANK | 19.00 | -1.55% | -5.00% | -24.45% |
7 | AIRTELAFRI | 2000.00 | 0.00% | 0.00% | 109.42% |
8 | BUACEMENT | 52.00 | 0.00% | 0.00% | -22.45% |
9 | DANGCEM | 245.00 | 0.00% | 0.00% | -4.67% |
10 | MTNN | 199.80 | 0.00% | 0.00% | 1.42% |
11 | OKOMUOIL | 188.30 | 0.00% | 0.00% | 32.61% |
12 | SEPLAT | 1250.00 | 0.00% | 0.00% | 92.31% |
The equities market closed bearish on the back of 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.
