February 20, 2023/InvestmentOne Report
The Nigerian equities opened the week positively as the NGX-ASI rose by 0.78% to settle at 54,224.35pts.
In today’s trade, market breadth index was negative with 15 losers against 14 gainers.
CONOIL (+9.93%) led the gainers, while CAPHOTEL (-9.42%) was the top loser today.
GTCO (-0.20%) was the most actively traded stock with about 36.6 million units of shares worth about N924 million.
Sector Performances
- NGX Oil and Gas Index: Advanced by 0.82%, due to the bullish sentiment witnessed in CONOIL (+9.93%).
- NGX Banking Index: Rose by 0.18%, owing to the positive performance seen in FIDELITYBK (+7.35%) and UBA (+0.60%).
- NGX Consumer Goods Index: Inched higher by 0.02%, due to the buy-interest seen in INTBREW (+2.17%).
- NGX Industrial Index: Fell by 0.05%, driven by the bearish sentiments observed in WAPCO (-0.97%) and CUTIX (+0.48%).
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% | 0.00% | 8.24% |
2 | FBNH | 11.65 | 0.00% | 0.00% | 6.88% |
3 | FIDELITYBK | 5.11 | 7.35% | 7.35% | 17.47% |
4 | GTCO | 25.10 | -0.20% | -0.20% | 9.13% |
5 | UBA | 8.40 | 0.60% | 0.60% | 10.53% |
6 | ZENITHBANK | 25.00 | 0.00% | 0.00% | 4.17% |
7 | AIRTELAFRI | 1620.00 | 3.85% | 3.85% | -0.92% |
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% | 0.00% | 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 positive performance today due to the gains seen Oil and Gas, Banking and Consumer Goods 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.
