January 24, 2023/InvestmentOne Report
The local equities closed on a negative note today as the NGX-ASI fell by 0.09% to settle at 52,612.55pts.
In today’s trade, market breadth index was positive with 21 gainers against 14 losers.
NB (-9.90%) led the losers today, while the top gainer was MBENEFIT (+10.00%).
GEREGU (-4.40%) was the most actively traded stock with about 24 million units of shares worth about N3.2 billion.
Sector Performances
· NGX Consumer Goods Index: Declined by 1.21%, on account of the loss recorded in NB (-9.90%).
· NGX Industrial Index: Advanced by 0.36% due to the buy-interest seen in CUTIX (+6.22).
· NGX Banking Index: Increased by 0.32%, driven by the gains printed in UBA (+2.47%), ACCESSCORP (+1.12%) and WEMABANK (+1.03%).
· 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 | 9.05 | 1.12% | -2.69% | 6.47% |
2 | FBNH | 11.70 | 0.00% | 0.86% | 7.34% |
3 | FIDELITYBK | 5.01 | 0.20% | -1.76% | 15.17% |
4 | GTCO | 24.05 | -0.41% | -1.84% | 4.57% |
5 | UBA | 8.30 | 2.47% | -0.60% | 9.21% |
6 | ZENITHBANK | 24.50 | -0.41% | -4.11% | 2.08% |
7 | AIRTELAFRI | 1610.00 | 0.00% | 3.87% | -1.53% |
8 | BUACEMENT | 99.45 | 0.00% | 0.00% | 1.74% |
9 | DANGCEM | 266.90 | 0.72% | -1.15% | 2.26% |
10 | MTNN | 230.00 | 0.00% | 0.04% | 6.98% |
11 | OKOMUOIL | 165.00 | 0.00% | 0.00% | 0.00% |
12 | SEPLAT | 1100.00 | 0.00% | 0.00% | 0.00% |
The local bourse recorded a bearish performance today due to the loss witnessed 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.
Please click here to download today’s price list.
