November 2, 2022/InvestmentOne Report
The local equities market closed northwards by 1.23% as the NGX-ASI settled at 44,283.02pts.
In today’s trade, market breadth index was broadly negative with 23 losers against 9 gainers.
DANGCEM (+8.84%) was the top gainer, while MRS (-9.65%) led the losers today.
STERLNBANK (-2.11%) was the most actively traded stock with about 24 million units of shares worth about N33 million.
Sector Performances
· NGX Industrial Index: Increased by 3.98%, driven by the uptick in the price of DANCEM (+8.84%).
· NGX Oil and Gas Index: Rose by 0.21%, due to the gain seen in OANDO (+2.09%).
· NGX Banking Index: Declined by 0.90%, as a result of the losses printed in UNITYBNK (-6.67%), UBA (-4.93%) and STERLNBANK (-2.11%).
· NGX Consumer Goods Index: Contracted by 0.18%, on the back of the sell pressure on NB (-3.70%) and CHAMPION (-3.03%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) | Year to date change (%) |
1 | ACCESSCORP | 7.90 | 0.00% | 2.60% | -15.05% |
2 | FBNH | 10.00 | 1.01% | 2.04% | -12.28% |
3 | FIDELITYBK | 4.19 | -0.48% | 2.20% | 64.31% |
4 | GTCO | 17.60 | 0.00% | -1.68% | -32.31% |
5 | UBA | 6.75 | -4.93% | -4.93% | -16.15% |
6 | ZENITHBANK | 19.95 | -0.25% | -0.75% | -20.68% |
7 | AIRTELAFRI | 1275.00 | 0.00% | 0.00% | 33.51% |
8 | BUACEMENT | 72.00 | 0.00% | 2.86% | 7.38% |
9 | DANGCEM | 240.00 | 8.84% | 8.84% | -6.61% |
10 | MTNN | 196.00 | -0.46% | -0.51% | -0.51% |
11 | OKOMUOIL | 169.50 | 0.00% | 0.00% | 19.37% |
12 | SEPLAT | 1100.00 | 0.00% | -8.33% | 69.23% |
The equities market closed bullish today due to the gains printed across the Industrial and Oil and 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.
