March 24, 2023/InvestmentOne Update
The local equities market experienced a downturn on the last trading day of the week as the NGX-ASI fell by 0.06% to settle at 54,892.53pts.
In today’s trade, market breadth index was narrowly positive with 13 gainers against 11 losers.
NPFMCRFBK (+6.94%) was the top gainer, while AIICO (-5.00%) led the losers today.
FIDELITYBK (+0.38%) was the most actively traded stock with about 21 million units of shares worth about N112 million.
Sector Performances
· NGX Banking Index: Decreased by 0.25%, driven by the losses printed in ZENITHBANK (-0.60%) and ACCESSCORP (-0.57%).
· NGX Consumer Goods Index: Declined by 0.21%, on the back of the selloffs observed in INTBREW (-2.25%) and PZ (-1.43%).
· NGX Industrial Index: Nose-dived by 0.66% on the back of price reduction seen in BUACEMENT (-1.61%).
· 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 | 8.65 | -0.57% | 2.98% | 1.76% |
2 | FBNH | 10.90 | -0.46% | 1.87% | 0.00% |
3 | FIDELITYBK | 5.20 | 0.00% | 0.19% | 19.54% |
4 | GTCO | 24.90 | -0.99% | 1.22% | 8.26% |
5 | UBA | 8.00 | 0.00% | -0.62% | 5.26% |
6 | ZENITHBANK | 24.95 | -0.60% | 1.42% | 3.96% |
7 | AIRTELAFRI | 1548.70 | 0.00% | 0.00% | -5.28% |
8 | BUACEMENT | 97.85 | -1.61% | -1.61% | 0.10% |
9 | DANGCEM | 288.00 | 0.00% | 0.00% | 10.34% |
10 | MTNN | 236.00 | 0.00% | 0.00% | 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 yielded an antagonistic result due to losses witnessed 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.
