January 11, 2023/InvestmentOne Report
The Nigerian bourse rebounded today by 0.55% as the NGX-ASI settled at 51,729.87pts.
In today’s trade, market breadth index was positive with 26 gainers against 12 losers.
THOMASWY (+9.48%) was the top gainer, while CHELLARAM (-9.89%) led the losers today.
FBNH (+0.45%) was the most actively traded stock with about 109 million units of shares worth about N1.2 billion.
Sector Performances
· NGX Industrial Index: Advanced by 1.50% due to the bullish sentiment observed in BUACEMENT (+3.59%).
· NGX Banking Index: Moved upwards by 1.05%, driven by the buy-interests seen in WEMABANK (+4.11%), STERLNBANK (3.57%) and ETI (+2.22%).
· NGX Consumer Goods Index: Increased by 0.15%, on the back of the positive performance recorded in CHAMPION (+9.45%), PZ (+5.50%) and HONYFLOUR (+1.30%).
· 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 | 9.15 | 1.67% | 1.67% | 7.65% |
2 | FBNH | 11.25 | 0.45% | 0.90% | 3.21% |
3 | FIDELITYBK | 4.75 | 1.06% | 0.00% | 9.20% |
4 | GTCO | 24.00 | 1.48% | 0.00% | 4.35% |
5 | UBA | 8.10 | 1.25% | 1.25% | 6.58% |
6 | ZENITHBANK | 24.40 | 0.21% | -0.20% | 1.67% |
7 | AIRTELAFRI | 1560.00 | 0.00% | 0.65% | -4.59% |
8 | BUACEMENT | 99.45 | 3.59% | 3.59% | 1.74% |
9 | DANGCEM | 270.00 | 0.00% | 3.05% | 3.45% |
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 bourse closed upwards today due to the bullish sentiment seen across major 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.
