January 17, 2022/InvestmentOne Update
The Nigerian bourse recorded a positive performance as the NGX-ASI closed northwards by 0.67% to settle at 52,701.31pts.
In today’s trade, market breadth index was positive with 21 gainers against 15 losers.
UPDCREIT (+10.00%) was the top gainer, while UPDC (-6.93%) led the losers today.
STERLNBANK (-0.65%) was the most actively traded stock with about 77 million units of shares worth about N119 million.
Sector Performances
· NGX Consumer Goods Index: Climbed by 0.53%, on the back of the positive performances recorded in VITAFOAM (+3.30%), HONYFLOUR (+3.10%), FLOURMIL (+3.00%) and NESTLE (+1.85%).
· NGX Oil and Gas Index: Advanced by 0.19% due to the gains printed in MRS (+9.93%).
· NGX Banking Index: Increased by 0.19%, driven by the bullish sentiment seen in VITAFOAM (+3.30%), HONYFLOUR (+3.10%) and FLOURMIL(+3.00%).
· NGX Industrial Index: Rose by 0.08% on account of the gains observed in WAPCO (+1.64%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) | Year to date change (%) |
1 | ACCESSCORP | 8.95 | 0.00% | -3.76% | 5.29% |
2 | FBNH | 11.50 | -0.43% | -0.86% | 5.50% |
3 | FIDELITYBK | 4.98 | -0.80% | -2.35% | 14.48% |
4 | GTCO | 24.20 | 0.41% | -1.22% | 5.22% |
5 | UBA | 8.05 | 0.63% | -3.59% | 5.92% |
6 | ZENITHBANK | 24.60 | 0.00% | -3.72% | 2.50% |
7 | AIRTELAFRI | 1600.00 | 3.23% | 3.23% | -2.14% |
8 | BUACEMENT | 99.45 | 0.00% | 0.00% | 1.74% |
9 | DANGCEM | 270.00 | 0.00% | 0.00% | 3.45% |
10 | MTNN | 229.90 | 0.00% | 0.00% | 6.93% |
11 | OKOMUOIL | 165.00 | 0.00% | 0.00% | 0.00% |
12 | SEPLAT | 1100.00 | 0.00% | 0.00% | 0.00% |
The Nigerian equities market recorded a bullish performance today due to the gains printed 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.
