October 18, 2022/InvestmentOne Report
The Nigerian equities market closed in red by 2.16% as the NGX-ASI settled at 45,366.32pts.
In today’s trade, market breadth index was positive with 18 gainers against 15 losers.
UCAP (+9.69%) led the gainers, while AIRTELAFRI (-10.00%) was the top loser today.
CWG (-8.64%) was the most actively traded stock with about 258 million units of shares worth about N192 million.
Sector Performances
· NGX Consumer Goods Index: Fell by 1.14%, on the back of the losses recorded in NB (-9.80%) and CHAMPION (-2.47%).
· NGX Oil and Gas Index: Declined by 0.28%, due to sell pressure witnessed in OANDO (-1.79%).
· NGX Industrial Index: Advanced by 1.38%, due to the appreciation seen in BUACEMENT (+3.98%) and CUTIX (+3.86%).
· NGX Banking Index: Increased by 0.95%, driven by bargain hunting in UNITYBNK (+4.55%), UBA (+2.17%) and ACCESSCORP (+1.84%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) | Year to date change (%) |
1 | ACCESSCORP | 8.30 | 1.84% | 3.75% | -10.75% |
2 | FBNH | 9.55 | -0.52% | 0.53% | -16.23% |
3 | FIDELITYBK | 3.49 | 0.58% | 1.16% | 36.86% |
4 | GTCO | 18.55 | 2.49% | 3.63% | -28.65% |
5 | UBA | 7.05 | 2.17% | 2.17% | -12.42% |
6 | ZENITHBANK | 20.40 | 0.99% | 2.00% | -18.89% |
7 | AIRTELAFRI | 1458.00 | -10.00% | -19.00% | 52.67% |
8 | BUACEMENT | 58.75 | 3.98% | 3.98% | -12.38% |
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% | 0.00% | 84.62% |
The equities market closed bearish today due to the losses recorded in AIRTELAFRI, Consumer Goods 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.
