October 12, 2022/InvestmentOne Report
The domestic bourse closed southwards by 0.07% as the NGX-ASI settled at 47,531.84pts.
In today’s trade, market breadth index was negative with 18 losers against 9 gainers.
REDSTAREX (+8.49%) led the gainers, while GSPECPLC (-9.82%) was the top loser today.
MBENEFIT was the most actively traded stock with about 42 million units of shares worth about N11 million.
Sector Performances
· NGX Banking Index: Fell by 0.31%, due to the losses printed in FIDELITYBK (-2.57%), UNITYBNK (-2.27%) and UBA (-1.43%).
· NGX Consumer Goods Index: Decreased by 0.05%, as a result of the selloff seen on HONYFLOUR (-9.77%).
· NGX Oil and Gas Index: Rose by 0.35%, driven by the gains recorded in OANDO (+2.22%).
· 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 | 7.75 | -0.64% | 1.97% | -16.67% |
2 | FBNH | 9.30 | -2.11% | -6.06% | -18.42% |
3 | FIDELITYBK | 3.41 | -2.57% | -2.57% | 33.73% |
4 | GTCO | 16.85 | -0.59% | -0.88% | -35.19% |
5 | UBA | 6.90 | -1.43% | 2.22% | -14.29% |
6 | ZENITHBANK | 19.45 | 0.26% | -0.51% | -22.66% |
7 | AIRTELAFRI | 1800.00 | 0.00% | 0.00% | 88.48% |
8 | BUACEMENT | 56.50 | 0.00% | 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 | 0.00% | -4.00% | 84.62% |
The equities market closed bearish today due to the losses seen across the banking and consumer goods 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.
