February 23, 2023/InvestmentOne Report
The local bourse recorded a positive performance today as the NGX-ASI rose by 0.61% to settle at 54,646.38pts
In today’s trade, market breadth index was positive with 28 gainers against 10 losers.
MRSOIL (+9.88%) was the top gainer, while TIP (-9.09%) led the losers today.
UBA (+0.60%) was the most actively traded stock with about 32 million units of shares worth about N272 million.
Sector Performances
- NGX Consumer Goods Index: Increased by 3.79%, due to the gains printed in BUAFOODS (+8.87%), HONYFLOUR (+5.66%) and NB (+2.44%).
- NGX Banking Index: Rose by 0.39%, driven by the bullish performance seen in UBA (+0.60%) and ZENITHBANK (+0.60%).
- NGX Oil and Gas Index: Rose by 0.39% owing to the buy interests recorded in MRSOIL (+9.88%) and ETERNA (+2.94%) .
- NGX Industrial Index: Climbed by 0.06% driven by the bullish sentiments observed in WAPCO (+1.18%) and TRIPPLEG (+0.84%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) | Year to date change (%) |
1 | ACCESSCORP | 9.15 | 0.55% | -0.54% | 7.65% |
2 | FBNH | 11.60 | 0.43% | -0.43% | 6.42% |
3 | FIDELITYBK | 5.03 | 0.00% | 5.67% | 15.63% |
4 | GTCO | 25.30 | 0.40% | 0.60% | 10.00% |
5 | UBA | 8.40 | 0.60% | 0.60% | 10.53% |
6 | ZENITHBANK | 25.35 | 0.60% | 1.40% | 5.63% |
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 positive performance today due to the buy-interests observed across major 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.
