March 9, 2023/InvestmentOne Update
The local bourse inched higher by 0.04% as the NGX-ASI settled at 55,822.14pts.
In today’s trade, market breadth index was negative with 19 losers against 12 gainers.
TRANSCORP (+8.66%) was the top gainer today, while NCR (-9.93%) led the losers.
TRANSCORP (+8.66%) was the most actively traded stock with about 180 million units of shares worth about N239 million.
Sector Performances
- NGX Industrial Index: Advanced by 0.53%, driven by the bullish performance recorded in DANGCEM (+1.05%).
- NGX Consumer Goods Index: Increased by 0.04%, on the back of the gains recorded in CHAMS (+4.60%).
- NGX Oil and Gas Index: Decreased by 2.01%, due to the bearish sentiment observed in CONOIL (-9.93%), ARDOVA (-8.33%) and ETERNA (-5.56%).
- NGX Banking Index: Moderated by 0.01%, driven by the selloffs seen in UNITYBNK (-3.64%) and STERLNBANK (-0.67%).
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 | 11.00 | -0.90% | -5.58% | 0.92% |
3 | FIDELITYBK | 5.20 | 0.00% | 1.17% | 19.54% |
4 | GTCO | 26.55 | 0.57% | 0.19% | 15.43% |
5 | UBA | 8.40 | 0.00% | -2.33% | 10.53% |
6 | ZENITHBANK | 26.00 | 0.00% | -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 | 288.00 | 1.05% | 3.60% | 10.34% |
10 | MTNN | 248.30 | -0.48% | 1.35% | 15.49% |
11 | OKOMUOIL | 183.50 | 0.00% | 1.27% | 11.21% |
12 | SEPLAT | 1200.00 | 0.00% | 0.00% | 9.09% |
The Nigerian equities market recorded a slightly bullish performance today due to the upward movement seen in the Industrial 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.
