February 24, 2023/InvestmentOne Report
The Nigerian equities market recorded a buoyant movement in price today as the NGX-ASI rose by 0.55% to settle at 54,949.21pts.
In today’s trade, market breadth index was broadly positive with 31 gainers against 12 losers.
MCNICHOLS (+10.00%) was the top gainer, while LIVINGTRUST (-10.00%) led the losers today.
GTCO (+0.79%) was the most actively traded stock with about 14 million units of shares worth about N358 million.
Sector Performances
- NGX Consumer Goods Index: Advanced by 2.55%, due to the gains printed in BUAFOODS (+6.17%), FLOURMIL (+3.39%) and INTBREW (+2.22%).
- NGX Banking Index: Jumped by 1.76%, driven by the bullish performance seen in ETI (8.33%), ZENITHBANK (+1.58%) and UBA (+1.19%).
- NGX Oil and Gas Index: Increased by 1.19% owing to the buy interests recorded in CONOIL (+9.94%) and MRSOIL (+9.89%) .
- NGX Industrial Index: Climbed by 0.33% driven by the bullish sentiments observed in TRIPPLEG (+8.71%) and DANGCEM (+0.74%).
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 | 0.55% | 0.00% | 8.24% |
2 | FBNH | 11.60 | 0.00% | -0.43% | 6.42% |
3 | FIDELITYBK | 5.05 | 0.40% | 6.09% | 16.09% |
4 | GTCO | 25.50 | 0.79% | 1.39% | 10.87% |
5 | UBA | 8.50 | 1.19% | 1.80% | 11.84% |
6 | ZENITHBANK | 25.75 | 1.58% | 3.00% | 7.29% |
7 | AIRTELAFRI | 1620.00 | 0.00% | 3.85% | -0.92% |
8 | BUACEMENT | 99.45 | 0.00% | 0.00% | 1.74% |
9 | DANGCEM | 272.00 | 0.74% | 0.74% | 4.21% |
10 | MTNN | 245.00 | -0.20% | -0.20% | 13.95% |
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 bullish performance today due to the gains 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.
