March 6, 2023/InvestmentOne Report
The local equities market closed with a positive performance of 0.14% as the NGX-ASI settled at 55,605.57pts.
In today’s trade, market breadth index was negative with 20 losers against 16 gainers.
CWG (-7.14%) led the losers, while JBERGER (+10.00%) was the top gainer today.
TRANSCORP (-0.78%) was the most actively traded stock with about 11.8 million units of shares worth about N15 million.
Sector Performances
- NGX Industrial Index: Marginally increased by 0.01%, due to the buy-interest recorded in WAPCO (+0.19%).
- NGX Banking Index: Declined by 0.29%, driven by the bearish performances seen in ZENITHBANK (-1.13%), JAIZBANK (-1.10%) and ACCESSCORP (-0.53%).
- NGX Consumer Goods Index: Fell by 0.14%, on the back of losses recorded in FLOURMIL (-1.64%) and NB (-0.97%).
- NGX Oil and Gas 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 | 9.30 | -0.53% | -0.53% | 9.41% |
2 | FBNH | 11.50 | -1.29% | -1.29% | 5.50% |
3 | FIDELITYBK | 5.14 | 0.00% | 0.00% | 18.16% |
4 | GTCO | 26.30 | -0.75% | -0.75% | 14.35% |
5 | UBA | 8.70 | 1.16% | 1.16% | 14.47% |
6 | ZENITHBANK | 26.30 | -1.13% | -1.13% | 9.58% |
7 | AIRTELAFRI | 1548.70 | 0.00% | 0.00% | -5.28% |
8 | BUACEMENT | 99.45 | 0.00% | 0.00% | 1.74% |
9 | DANGCEM | 278.00 | 0.00% | 0.00% | 6.51% |
10 | MTNN | 248.00 | 1.22% | 1.22% | 15.35% |
11 | OKOMUOIL | 183.50 | 1.27% | 1.27% | 11.21% |
12 | SEPLAT | 1200.00 | 0.00% | 0.00% | 9.09% |
The Nigerian bourse recorded a positive performance today due to the gains recorded in MTNN and the Industrial sector. 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.
