February 21, 2023/InvestmentOne Report
The local bourse recorded a negative performance today as the NGX-ASI fell by 0.06% to settle at 54,189.31pts.
In today’s trade, market breadth index was negative with 15 losers against 10 gainers.
VERITASKAP (-4.76%) was the top loser, while MRS (+10.00%) led the gainers today.
GEREGU was the most actively traded stock with about 125 million units of shares worth about N12.5 billion.
Sector Performances
- NGX Banking Index: Declined by 0.38%, driven by the bearish performance seen in ACCESSCORP (-1.63%), UBA (-0.60%) and UBN (-0.75%).
- NGX Consumer Goods Index: Decreased by 0.16%, due to the negative price movement seen in INTBREW (-4.26%) and UNILEVER (-0.38%).
- NGX Oil and Gas Index: Increased by 0.28%, due to the gains observed in MRS (+10.00%).
- NGX Industrial 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 | -1.63% | -1.63% | 6.47% |
2 | FBNH | 11.60 | -0.43% | -0.43% | 6.42% |
3 | FIDELITYBK | 5.11 | 0.00% | 7.35% | 17.47% |
4 | GTCO | 25.00 | -0.40% | -0.60% | 8.70% |
5 | UBA | 8.35 | -0.60% | 0.00% | 9.87% |
6 | ZENITHBANK | 25.00 | 0.00% | 0.00% | 4.17% |
7 | AIRTELAFRI | 1620.00 | 0.00% | 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 equities market recorded a downward performance today due to the sell-offs observed in 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.
