January 4, 2023/InvestmentOne Report
The Nigerian Bourse closed with a bullish performance of 0.12% as the NGX-ASI settled at 51,657.56pts.
In today’s trade, market breadth index was positive with 21 gainers against 12 losers.
NB (+10.00%) was the top gainer, while CHAMPION (- 10.00%) led the losers today.
BUACEMENT (-1.79%) was the most actively traded stock with about 102 million units of shares worth about N10 billion.
Sector Performances
· NGX Consumer Goods Index: Increased by 2.09%, due to the bullish performance recorded in NB (+10.00%), FLOURMIL (+5.63%) and CADBURY (+2.52%).
· NGX Banking Index: Advanced by 0.51%, driven by the buy-interest in FIDELITYBK (+9.86%), ETI (+3.77%) and STERLNBNK (+2.14%).
· NGX Industrial Index: Decreased by 0.77%, driven by the losses seen in BUACEMENT (-1.79%).
· NGX Oil and Gas 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 | 8.75 | -0.57% | 2.94% | 2.94% |
2 | FBNH | 11.05 | -1.78% | 1.38% | 1.38% |
3 | FIDELITYBK | 4.79 | 9.86% | 10.11% | 10.11% |
4 | GTCO | 23.50 | 1.08% | 2.17% | 2.17% |
5 | UBA | 8.00 | -3.61% | 5.26% | 5.26% |
6 | ZENITHBANK | 24.10 | 0.42% | 0.42% | 0.42% |
7 | AIRTELAFRI | 1635.00 | 0.00% | 0.00% | 0.00% |
8 | BUACEMENT | 96.00 | -1.79% | -1.79% | -1.79% |
9 | DANGCEM | 261.00 | 0.00% | 0.00% | 0.00% |
10 | MTNN | 215.00 | 0.00% | 0.00% | 0.00% |
11 | OKOMUOIL | 165.00 | 0.00% | 0.00% | 0.00% |
12 | SEPLAT | 1100.00 | 0.00% | 0.00% | 0.00% |
The Nigerian bourse closed upwards today due to the bullish performance seen 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.
Please click here to download today’s price list.
