November 28, 2022/InvestmentOne Report
The Nigerian equities market closed southwards by 0.25% as the NGX-ASI settled at 47,436.45pts.
In today’s trade, market breadth index was negative with 15 losers against 17 gainers.
PRESTIGE (+9.30%) led the gainers, while BETAGLAS (-9.90%) was the top loser today.
REGALINS (-4.00%) was the most actively traded stock with about 97 million units of shares worth about N269 million.
Sector Performances
· NGX Industrial Index: Declined by 1.31%, due to the losses printed in BETAGLAS (-9.90%) and BUACEMENT (-2.78%).
· NGX Banking Index: Fell by 0.22%, driven by sell pressure witnessed in JAIZBANK (-6.82%), ACCESSCORP (-1.16%) and WEMABANK (-0.98%).
· NGX Oil and Gas Index: Rose by 0.09%, on the back of buy interest seen in ETERNA (+3.86%).
· NGX Consumer Goods Index: Rose by 0.02%, on the back of gains recorded in NASCON (+7.00%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) | Year to date change (%) |
1 | ACCESSCORP | 8.50 | -1.16% | -1.16% | -8.60% |
2 | FBNH | 11.00 | 0.00% | 0.00% | -3.51% |
3 | FIDELITYBK | 4.10 | 0.00% | 0.00% | 60.78% |
4 | GTCO | 19.95 | -0.25% | -0.25% | -23.27% |
5 | UBA | 7.25 | -0.68% | -0.68% | -9.94% |
6 | ZENITHBANK | 22.00 | 0.46% | 0.46% | -12.52% |
7 | AIRTELAFRI | 1450.00 | 0.00% | 0.00% | 51.83% |
8 | BUACEMENT | 76.80 | -2.78% | -2.78% | 14.54% |
9 | DANGCEM | 262.30 | 0.00% | 0.00% | 2.06% |
10 | MTNN | 210.00 | 0.00% | 0.00% | 6.60% |
11 | OKOMUOIL | 167.50 | 0.00% | 0.00% | 17.96% |
12 | SEPLAT | 1050.00 | 0.00% | 0.00% | 61.54% |
The equities market recorded a negative performance today on the back of losses recorded in 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.
