February 22, 2023/InvestmentOne Report
The local bourse recorded a positive performance today as the NGX-ASI rose by 0.23% to settle at 54,315.53pts
In today’s trade, market breadth index was positive with 18 gainers against 11 losers.
GEREGU (+10.00%) was the top gainer, while MCNICHOLS (-9.84%) led the losers today.
AIICO was the most actively traded stock with about 16 million units of shares worth about N9.6 million.
Sector Performances
- NGX Banking Index: Rose by 0.25%, driven by the bullish performance seen in ZENITHBANK (+0.80%), STERLNBANK (+0.66%) and ACCESSCORP (+0.55%).
- NGX Consumer Goods Index: Increased by 0.01%, due to the positive price movement seen in FLOURMIL (+0.32%) and DANGSUGAR (+0.29%).
- NGX Oil and Gas Index: Closed flat.
- 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 | 9.10 | 0.55% | -1.09% | 7.06% |
2 | FBNH | 11.55 | -0.43% | -0.86% | 5.96% |
3 | FIDELITYBK | 5.03 | -1.57% | 5.67% | 15.63% |
4 | GTCO | 25.20 | 0.80% | 0.20% | 9.57% |
5 | UBA | 8.35 | 0.00% | 0.00% | 9.87% |
6 | ZENITHBANK | 25.20 | 0.80% | 0.80% | 5.00% |
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 an upward performance today due to the buy-interests 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.
