February 1, 2023/InvestmentOne Report
The equities market closed on a neutral note with the NGX-ASI surging by 0.49% to settle at 53,480.20pts.
In today’s trade, market breadth index was neutral with 20 gainers against 20 losers.
IMG (+10.00%) led the gainers today, while the top loser was GUINNESS (-10.00%).
UNIVINSURE was the most actively traded stock with about 58 million units of shares worth about N11.56 million.
Sector Performances
- NGX Oil and Gas Index: Rose by 3.61% due to the buy-interests seen in SEPLAT (+10.00%).
- NGX Banking Index: Increased by 1.22%, driven by the bullish interests seen in FIDELITYBK (+7.41%), ZENITHBANK (+2.00%) and STERLNBANK (+1.29%).
- NGX Consumer Goods Index: Fell by 0.11%, on account of the price depreciation recorded in GUINNESS (-10.00%) and DANGSUGAR (-2.02%).
- NGX Industrial Index: Declined marginally by 0.02% on the back of the loss recorded in WAPCO (-0.40%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) | Year to date change (%) |
1 | ACCESSCORP | 9.10 | 0.00% | 1.11% | 7.06% |
2 | FBNH | 11.70 | 0.00% | 0.00% | 7.34% |
3 | FIDELITYBK | 5.80 | 7.41% | 7.41% | 33.33% |
4 | GTCO | 25.05 | 0.40% | 2.45% | 8.91% |
5 | UBA | 8.20 | 0.00% | 0.61% | 7.89% |
6 | ZENITHBANK | 25.50 | 2.00% | 2.41% | 6.25% |
7 | AIRTELAFRI | 1660.00 | 0.00% | 3.11% | 1.53% |
8 | BUACEMENT | 99.45 | 0.00% | 0.00% | 1.74% |
9 | DANGCEM | 266.90 | 0.00% | 0.00% | 2.26% |
10 | MTNN | 225.00 | 0.00% | 0.00% | 4.65% |
11 | OKOMUOIL | 181.10 | 0.00% | 0.00% | 9.76% |
12 | SEPLAT | 1210.00 | 10.00% | 10.00% | 10.00% |
The local bourse recorded a bullish performance today due to the buy interests in the Banking and Oil and Gas 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.
