December 19, 2022/InvestmentOne Update
The domestic equities market closed upwards by 0.20% as the NGX-ASI settled at 49,414.96pts.
In today’s trade, market breadth index was positive with 14 gainers against 10 losers.
THOMASWY (+8.77%) was the top gainer, while PZ (-7.26%) led the losers today.
GTCO (+3.35%) was the most actively traded stock with about 16 million units of shares worth about N353 million.
Sector Performances
· NGX Consumer Goods Index: Increased by 1.00%, on the back of the gains seen in INTBREW (+5.81%) and BUAFOODS (+2.52%).
· NGX Banking Index: Gained by 0.12%, driven by the buy-interest in ACCESSCORP (+1.18%), STERLNBANK (+0.74%) and UBA (+0.68%).
· NGX Oil and Gas Index: Fell by 0.01%, due to the decline in price of ETERNA (-0.33%).
· 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 | 8.55 | 1.18% | 1.18% | -8.06% |
2 | FBNH | 10.85 | -0.46% | -0.46% | -4.82% |
3 | FIDELITYBK | 4.25 | 0.00% | 0.00% | 66.67% |
4 | GTCO | 21.60 | 3.35% | 3.35% | -16.92% |
5 | UBA | 7.35 | 0.68% | 0.68% | -8.70% |
6 | ZENITHBANK | 24.00 | -0.41% | -0.41% | -4.57% |
7 | AIRTELAFRI | 1488.00 | 0.00% | 0.00% | 55.81% |
8 | BUACEMENT | 97.75 | 0.00% | 0.00% | 45.79% |
9 | DANGCEM | 262.30 | 0.00% | 0.00% | 2.06% |
10 | MTNN | 214.00 | 0.00% | 0.00% | 8.63% |
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 due to the gains recorded in the Consumer Goods 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.
