March 8, 2023/InvestmentOne Report
The local equites market jumped higher by 0.35% as the NGX-ASI settled at 55,801.14pts.
In today’s trade, market breadth index was neutral with 18 gainers against 18 losers.
TRANSEXPR (+9.88%) was the top gainer today, while MRS(-9.98%) led the losers.
COURTVILLE (+4.35%) was the most actively traded stock with about 35 million units of shares worth about N17 million.
Sector Performances
- NGX Industrial Index: Advanced by 0.84%, driven by the bullish performance recorded in CUTIX (+8.50%) and DANGCEM (+1.79%).
- NGX Banking Index: Increased by 0.06%, driven by the bullish performances seen in UBN (+2.27%), UNITYBNK (+1.85%) and JAIZBANK (+1.11%).
- NGX Oil and Gas Index: Decreased by 0.90%, due to the sell-off seen in MRS (-9.98%) and ARDOVA (-6.20%).
- NGX Consumer Goods Index: Fell by 0.06%, on the back of losses recorded in UNILEVER (-2.17%), CHAMS (-1.85%) and DANGSUGAR (-0.52%).
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 | 0.00% | -2.14% | 7.65% |
2 | FBNH | 11.10 | -0.89% | -4.72% | 1.83% |
3 | FIDELITYBK | 5.20 | 0.00% | 1.17% | 19.54% |
4 | GTCO | 26.40 | 0.76% | -0.38% | 14.78% |
5 | UBA | 8.40 | -1.75% | -2.33% | 10.53% |
6 | ZENITHBANK | 26.00 | 0.19% | -2.26% | 8.33% |
7 | AIRTELAFRI | 1548.70 | 0.00% | 0.00% | -5.28% |
8 | BUACEMENT | 99.45 | 0.00% | 0.00% | 1.74% |
9 | DANGCEM | 285.00 | 1.79% | 2.52% | 9.20% |
10 | MTNN | 249.50 | 0.60% | 1.84% | 16.05% |
11 | OKOMUOIL | 183.50 | 0.00% | 1.27% | 11.21% |
12 | SEPLAT | 1200.00 | 0.00% | 0.00% | 9.09% |
The Nigerian bourse recorded a buoyant performance today due to the bullish sentiment seen in the Industrial and Banking 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.
