February 28, 2023/InvestmentOne Report
The Nigerian bourse closed with a positive performance of 0.88% as the NGX-ASI settled at 55,806.26pts.
In today’s trade, market breadth index was broadly positive with 36 gainers against 10 losers.
MRS (+10.00%) was the top gainer, while MULTIVERSE (-10.00%) led the losers today.
FIDELITYBK (+2.00%) was the most actively traded stock with about 40 million units of shares worth about N202 million.
Sector Performances
- NGX Banking Index: Advanced by 1.68%, driven by the bullish performance seen in UNITYBANK (+6.00%), JAIZBANK (+3.30%) and ACCESSCORP (+2.69%).
- NGX Industrial Index: Climbed by 1.40%, driven by the positive sentiment observed in CUTIX (+7.32%), WAPCO (+5.38%), DANGCEM (+2.21%).
- NGX Oil and Gas Index: Increased by 0.41%, owing to the buy interests recorded in MRSOIL (+10.00%) and ETERNA (+0.71%).
- NGX Consumer Goods Index: Declined by 0.09%, due to the loss printed in FLOURMIL (-8.44%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) | Year to date change (%) |
1 | ACCESSCORP | 9.55 | 2.69% | 3.80% | 12.35% |
2 | FBNH | 11.65 | 0.43% | 0.00% | 6.88% |
3 | FIDELITYBK | 5.10 | 2.00% | 7.14% | 17.24% |
4 | GTCO | 26.65 | 2.50% | 5.96% | 15.87% |
5 | UBA | 8.70 | 2.35% | 4.19% | 14.47% |
6 | ZENITHBANK | 26.50 | 2.12% | 6.00% | 10.42% |
7 | AIRTELAFRI | 1620.00 | 0.00% | 3.85% | -0.92% |
8 | BUACEMENT | 99.45 | 0.00% | 0.00% | 1.74% |
9 | DANGCEM | 278.00 | 2.21% | 2.96% | 6.51% |
10 | MTNN | 245.00 | 0.00% | -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 positive 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.
