December 5, 2022/InvestmentOne Update
The Nigerian equites market began the week positively as the NGX-ASI edged higher by 0.24% to settle at 48,270.23pts.
In today’s trade, market breadth index was positive with 19 gainers against 15 losers.
GUINNESS (+10.00%) led the gainers, while GEREGU (-9.55%) was the top loser today.
UPDCREIT was the most actively traded stock with about 460 million units of shares worth about N1.60 billion.
Sector Performances
· NGX Industrial Index: Climbed by 1.66%, on the back of the appreciation in price of BUACEMENT (+3.90%).
· NGX Consumer Goods Index: Advanced by 0.63%, on the back of the buy-interest recorded in GUINNESS (+10.00%), NB (+2.22%) and NASCON (+0.50%).
· NGX Oil and Gas Index: Rose by 0.59%, due to the gains printed in ETERNA (+8.78%) and OANDO (+2.56%).
· NGX Banking Index: Declined by 1.29%, driven by the losses recorded in ZENITHBANK (-2.42%), ACCESSCORP (-1.72%) and UBA (-0.68%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) | Year to date change (%) |
1 | ACCESSCORP | 8.55 | -1.72% | -1.72% | -8.06% |
2 | FBNH | 10.95 | -2.23% | -2.23% | -3.95% |
3 | FIDELITYBK | 4.15 | 0.00% | 0.00% | 62.75% |
4 | GTCO | 21.40 | 0.00% | 0.00% | -17.69% |
5 | UBA | 7.25 | -0.68% | -0.68% | -9.94% |
6 | ZENITHBANK | 22.20 | -2.42% | -2.42% | -11.73% |
7 | AIRTELAFRI | 1488.00 | 0.00% | 0.00% | 55.81% |
8 | BUACEMENT | 80.00 | 3.90% | 3.90% | 19.31% |
9 | DANGCEM | 262.30 | 0.00% | 0.00% | 2.06% |
10 | MTNN | 220.00 | 0.00% | 0.00% | 11.68% |
11 | OKOMUOIL | 167.50 | 0.00% | 0.00% | 17.96% |
12 | SEPLAT | 1050.00 | 0.00% | 0.00% | 61.54% |
The equities market closed upbeat today on the back of gains printed in the Industrial, 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.
