January 9, 2023/InvestmentOne Report
The Local bourse opened the week with a positive performance of 0.93% as the NGX-ASI settled at 51,700.36pts.
In today’s trade, market breadth index was positive with 18 gainers against 16 losers.
THOMASWY (+9.28%) was the top gainer, while UBN (-8.63%) led the losers today.
STERLNBANK was the most actively traded stock with about 85 million units of shares worth about N119 million.
Sector Performances
· NGX Consumer Goods Index: Increased by 0.19%, due to the bullish performance recorded in CHAMPION (+3.35%), NB (+1.91%) and VITAFOAM (+0.73%).
· NGX Banking Index: Decreased by 1.31%, driven by the bearish sentiment in UBN (-8.63%) and WEMABANK (-8.21%).
· NGX Industrial Index: Closed flat.
· 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 | 9.00 | 0.00% | 0.00% | 5.88% |
2 | FBNH | 11.20 | 0.45% | 0.45% | 2.75% |
3 | FIDELITYBK | 4.74 | -0.21% | -0.21% | 8.97% |
4 | GTCO | 23.70 | -1.25% | -1.25% | 3.04% |
5 | UBA | 8.00 | 0.00% | 0.00% | 5.26% |
6 | ZENITHBANK | 24.30 | -0.61% | -0.61% | 1.25% |
7 | AIRTELAFRI | 1630.00 | 5.16% | 5.16% | -0.31% |
8 | BUACEMENT | 96.00 | 0.00% | 0.00% | -1.79% |
9 | DANGCEM | 262.00 | 0.00% | 0.00% | 0.38% |
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 Local Equities market closed upwards today due to the bullish performance recorded in the Consumer Goods sector. 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.
