March 13, 2023/InvestmentOne Report
The local equities market closed slightly lower by 0.01% as the NGX-ASI settled at 55,788.37pts.
In today’s trade, market breadth index was broadly negative with 21 losers against 12 gainers.
UPL (+9.89%) was the top gainer, while NGXGROUP (-9.72%) led the losers today.
NGXGROUP (-9.72%) was the most actively traded stock with about 38 million units of shares worth about N995 million.
Sector Performances
· NGX Banking Index: Fell by 1.64%, driven by the sell-off recorded in ZENITHBANK (-3.10%), STERLNBANK (-2.67%) and FIDELITYBK (-1.35%).
· NGX Industrial Index: Decreased by 0.08% due to the losses observed in WAPCO (-1.52%) and CAP (-0.25%).
· NGX Consumer Goods Index: Increased by 1.82%, on the back of the gains printed in BUAFOODS (+4.21%) and CHAMPION (+2.17%).
· 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 | 9.05 | -1.09% | -1.09% | 6.47% |
2 | FBNH | 10.75 | -2.27% | -2.27% | -1.38% |
3 | FIDELITYBK | 5.13 | -1.35% | -1.35% | 17.93% |
4 | GTCO | 26.00 | -1.89% | -1.89% | 13.04% |
5 | UBA | 8.15 | -1.21% | -1.21% | 7.24% |
6 | ZENITHBANK | 25.00 | -3.10% | -3.10% | 4.17% |
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% | 0.00% | 10.34% |
10 | MTNN | 248.30 | 0.00% | 0.00% | 15.49% |
11 | OKOMUOIL | 183.50 | 0.00% | 0.00% | 11.21% |
12 | SEPLAT | 1200.00 | 0.00% | 0.00% | 9.09% |
The Nigerian bourse closed marginally negative today due to the bearish sentiment seen in the Banking and Industrial 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.
