December 28, 2022/InvestmentOne Report
The local equities market closed northwards by 0.46% as the NGX-ASI settled at 49,934.60pts.
In today’s trade, market breadth index was broadly positive with 27 gainers against 6 losers.
CHAMPION (+10.00%) was the top gainer, while RTBRISCOE (-7.41%) led the losers today.
VERITASKAP was the most actively traded stock with about 349 million units of shares worth about N70 million.
Sector Performances
· NGX Banking Index: Rose by 1.38%, due to the gains recorded in WEMABANK (+9.94%), ETI (+2.73%), UBA (+2.00%) and ZENITHBANK (+1.43%).
· NGX Consumer Goods Index: Advanced by 1.07%, on the back of the sell pressures in CHAMPION (+10.00%), INTBREW (+6.82%), DANGSUGA (+3.23%) and NESTLE (+2.04%).
· NGX Oil and Gas Index: Closed Flat.
· 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 | 8.70 | 0.58% | 0.58% | -6.45% |
2 | FBNH | 11.80 | 0.00% | 0.00% | 3.51% |
3 | FIDELITYBK | 4.65 | 0.00% | 0.00% | 82.35% |
4 | GTCO | 23.30 | 3.79% | 3.79% | -10.38% |
5 | UBA | 7.65 | 2.00% | 2.00% | -4.97% |
6 | ZENITHBANK | 24.90 | 1.43% | 1.43% | -0.99% |
7 | AIRTELAFRI | 1488.00 | 0.00% | 0.00% | 55.81% |
8 | BUACEMENT | 97.75 | 0.00% | 0.00% | 45.79% |
9 | DANGCEM | 261.00 | 0.00% | 0.00% | 1.56% |
10 | MTNN | 214.00 | 0.00% | 0.00% | 8.63% |
11 | OKOMUOIL | 165.00 | 0.00% | 0.00% | 16.20% |
12 | SEPLAT | 1050.00 | 0.00% | 0.00% | 61.54% |
The equities market closed bullish today due to the positive performance seen in the Banking and Consumer Goods 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.
