March 10, 2023/InvestmentOne Update
The Nigerian equities market lost 0.05% as the NGX-ASI closed at 55,794.51pts.
In today’s trade, market breadth index was negative with 18 losers against 9 gainers.
CONOIL (-9.95%) led the losers, while NCR (+9.89%) was the top gainer today.
TRANSCORP was the most actively traded stock with about 87 million units of shares worth about N120 million.
Sector Performances
- NGX Banking Index: Fell by 0.56%, driven by the bearish sentiment seen in JAIZBANK (-2.17%), UNITYBNK (-1.89%) and UBA (-1.79%).
- NGX Oil and Gas Index: Declined by 0.54%, due to the negative performance observed in CONOIL (-9.95%).
- NGX Consumer Goods Index: Decreased by 0.04%, on the back of the losses recorded in CHAMS (-8.00%) and HONYFLOUR (-3.93%).
- NGX Industrial Index: Moderated by 0.01%, driven by the selloffs recorded in CUTIX (-1.38%) and WAPIC (-0.19%).
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 | 0.00% | -5.58% | 0.92% |
3 | FIDELITYBK | 5.20 | 0.00% | 1.17% | 19.54% |
4 | GTCO | 26.50 | -0.19% | 0.00% | 15.22% |
5 | UBA | 8.25 | -1.79% | -4.07% | 8.55% |
6 | ZENITHBANK | 25.80 | -0.77% | -3.01% | 7.50% |
7 | AIRTELAFRI | 1548.70 | 0.00% | 0.00% | -5.28% |
8 | BUACEMENT | 99.45 | 0.00% | 0.00% | 1.74% |
9 | DANGCEM | 288.00 | 0.00% | 3.60% | 10.34% |
10 | MTNN | 248.30 | 0.00% | 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 local bourse recorded a negative performance today due to the selloffs seen in 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.
Please click here to download today’s price list.
