October 11, 2022/InvestmentOne Update
The local equities market closed positive by 0.45% as the NGX-ASI settled at 47,565.92pts.
In today’s trade, market breadth index was negative with 15 losers against 12 gainers.
MAYBAKER (+9.76%) led the gainers, while UPL(-8.54%) was the top loser today.
GTCO (-0.29%) was the most actively traded stock with about 38 million units of shares worth about N659 million.
Sector Performances
· NGX Industrial Index: Increased by 3.18%. on the back of the uptick recorded in the price of BUACEMENT (+8.65%).
· NGX Banking Index: Rose by 0.65%, due to the gains printed in UNITYBNK (+7.32%), UBA (+3.70%) and JAIZBANK (+3.49%).
· NGX Oil and Gas Index: Declined by 2.41%, driven by the selloffs seen on SEPLAT (-4.00%) and OANDO (-2.22%).
· NGX Consumer Goods Index: Decreased by 0.10%, as a result of the losses printed in CADBURY (-6.94%) and UNILEVER (-2.44%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) | Year to date change (%) |
1 | ACCESSCORP | 7.80 | 2.63% | 2.63% | -16.13% |
2 | FBNH | 9.50 | -4.04% | -4.04% | -16.67% |
3 | FIDELITYBK | 3.50 | 0.00% | 0.00% | 37.25% |
4 | GTCO | 16.95 | -0.29% | -0.29% | -34.81% |
5 | UBA | 7.00 | 3.70% | 3.70% | -13.04% |
6 | ZENITHBANK | 19.40 | -0.77% | -0.77% | -22.86% |
7 | AIRTELAFRI | 1800.00 | 0.00% | 0.00% | 88.48% |
8 | BUACEMENT | 56.50 | 8.65% | 8.65% | -15.73% |
9 | DANGCEM | 245.00 | 0.00% | 0.00% | -4.67% |
10 | MTNN | 199.00 | 0.00% | 0.00% | 1.02% |
11 | OKOMUOIL | 169.50 | 0.00% | 0.00% | 19.37% |
12 | SEPLAT | 1200.00 | -4.00% | -4.00% | 84.62% |
The equities market closed bullish today due to the gains recorded across the industrial 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.
