February 6, 2023/InvestmentOne Report
The local bourse closed on a positive note with the NGX-ASI edging upwards by 0.29% to settle at 54,367.74pts.
In today’s trade, market breadth index was neutral with 16 gainers against 16 losers.
SOVRENINS (+10.00%) led the gainers today, while the top loser was MCNICHOLS (-8.96%).
GTCO (-0.40%) was the most actively traded stock with about N51 million units of shares worth about N1.3 billion.
Sector Performances
- NGX Industrial Index: Advanced by 0.03% on the back of the gains recorded in WAPCO (+0.60%).
- NGX Consumer Goods Index: Increased by 0.01% due to the buy-side interest seen in HONYFLOUR (+2.69%).
- NGX Banking Index: Decreased by 0.32%, driven by the bearish sentiment seen in STERLNBANK (-1.84%), FIDELITYBK (-1.33%) and ZENITHBANK (-0.40%).
- NGX Oil and Gas Index: Fell by 0.02% due to the loss printed in ETERNA (-0.71%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) | Year to date change (%) |
1 | ACCESSCORP | 9.20 | 0.00% | 2.22% | 8.24% |
2 | FBNH | 11.95 | 0.00% | 2.14% | 9.63% |
3 | FIDELITYBK | 5.92 | -1.33% | 9.63% | 36.09% |
4 | GTCO | 25.10 | -0.40% | 2.66% | 9.13% |
5 | UBA | 8.40 | -0.59% | 3.07% | 10.53% |
6 | ZENITHBANK | 25.10 | -0.40% | 0.80% | 4.58% |
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 | 242.00 | 1.72% | 7.56% | 12.56% |
11 | OKOMUOIL | 181.10 | 0.00% | 0.00% | 9.76% |
12 | SEPLAT | 1325.00 | 0.00% | 20.45% | 20.45% |
The equities market recorded a positive performance today due to the gains recorded in the Industrial and 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.
