March 17, 2023/InvestmentOne Report
The local equities market closed slightly up by 0.04% as the NGX-ASI settled at 54,935.20pts.
In today’s trade, market breadth index was positive with 17 gainers against 10 losers.
UCAP (+9.91%) was the top gainer, while MULTIVERSE (-9.92%) led the losers today.
CAPHOTEL was the most actively traded stock with about 36 million units of shares worth about N91 million.
Sector Performances
· NGX Banking Index: Increased by 0.18%, driven by the gains printed in FIDELITYBK (+3.59%), UBA (+0.63%) and ZENITHBANK (+0.61%).
· NGX Consumer Goods Index: Rose by 0.03%, on the back of the buy-interest observed in PZ (+0.93%) and DANGSUGAR (+0.27%).
· NGX Industrial Index: Inched up by 0.02%, due to the gains recorded in CUTIX (+3.43%), TRIPPLEG (+3.05%) and WAPCO (+0.40%).
· 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 | 8.40 | -2.33% | -8.20% | -1.18% |
2 | FBNH | 10.70 | 0.00% | -2.73% | -1.83% |
3 | FIDELITYBK | 5.19 | 3.59% | -0.19% | 19.31% |
4 | GTCO | 24.60 | -0.40% | -7.17% | 6.96% |
5 | UBA | 8.05 | 0.63% | -2.42% | 5.92% |
6 | ZENITHBANK | 24.60 | 0.61% | -4.65% | 2.50% |
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% | 0.00% | 10.34% |
10 | MTNN | 236.00 | 0.00% | -4.95% | 9.77% |
11 | OKOMUOIL | 183.50 | 0.00% | 0.00% | 11.21% |
12 | SEPLAT | 1200.00 | 0.00% | 0.00% | 9.09% |
The local bourse closed northwards today due to the positive performance seen across 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.
