February 16, 2023/InvestmentOne Report
The Nigerian equities market closed slightly positive today as the NGX-ASI inched upwards by 0.03% to settle at 54,521.49pts.
In today’s trade, market breadth index was positive with 17 gainers against 15 losers.
TRIPPLEG (+9.70%) led the gainers, while COURTVILLE (-9.62%) was the top loser today.
GTCO (+0.20%) was the most actively traded stock with about 19 million units of shares worth about N482 million.
Sector Performances
- NGX Consumer Goods Index: Advanced by 0.14%, due to the buy-interest seen in HONYFLOUR (+3.79%), NB (+1.23%) and GUINNESS (+0.75%).
- NGX Industrial Index: Fell by 0.13%, driven by the bearish sentiment observed in WAPCO (-2.44%).
- NGX Banking Index: Declined by 0.05%, due to the negative performance seen in FIDELITYBK (-3.27%) and WEMABANK (-2.20%).
- NGX Oil and Gas Index: Decreased by 0.02%, due to the reduction in price of ETERNA (-0.73%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) | Year to date change (%) |
1 | ACCESSCORP | 9.25 | 0.00% | 1.65% | 8.82% |
2 | FBNH | 11.65 | -0.43% | -1.69% | 6.88% |
3 | FIDELITYBK | 5.03 | -3.27% | -9.86% | 15.63% |
4 | GTCO | 25.20 | 0.20% | 0.00% | 9.57% |
5 | UBA | 8.40 | 0.00% | 0.60% | 10.53% |
6 | ZENITHBANK | 25.50 | 0.59% | 1.19% | 6.25% |
7 | AIRTELAFRI | 1660.00 | 0.00% | 0.00% | 1.53% |
8 | BUACEMENT | 99.45 | 0.00% | 0.00% | 1.74% |
9 | DANGCEM | 270.00 | 0.00% | 0.00% | 3.45% |
10 | MTNN | 245.50 | 0.00% | 1.49% | 14.19% |
11 | OKOMUOIL | 181.20 | 0.00% | 0.00% | 9.82% |
12 | SEPLAT | 1325.00 | 0.00% | 0.00% | 20.45% |
The local bourse recorded a slightly positive performance today due to the gains seen 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.
