March 27, 2023/InvestmentOne Update
The local bourse began the week on a bearish note as the NGX-ASI shed 2.08% to settle at 53,750.77pts.
In today’s trade, market breadth index was significantly negative with 21 losers against 5 gainers.
NCR (-9.79%) was the top loser, while LINKASSURE (+7.50%) led the gainers today.
GTCO (-0.40%) was the most actively traded stock with about 13 million units of shares worth about N319 million.
Sector Performances
· NGX Oil and Gas Index: Decreased by 2.02% due to the bearish sentiment observed in SEPLAT (-4.17%).
· NGX Consumer Goods Index: Declined by 0.79%, driven by the losses observed in DANGSUGAR (-8.20%), PZ (-3.26%) and NB (-2.63%).
· NGX Banking Index: Fell by 0.23%, on the back of the losses printed in UNITYBANK (-9.43%), JAIZBANK (-3.30%) and ETI (-2.31%).
· NGX Industrial Index: Nose-dived by 0.14% on the back of price reduction seen in BUACEMENT (-1.61%).
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 | 0.00% | 2.98% | 1.76% |
2 | FBNH | 11.00 | 0.92% | 2.80% | 0.92% |
3 | FIDELITYBK | 5.20 | 0.00% | 0.19% | 19.54% |
4 | GTCO | 24.80 | -0.40% | 0.81% | 7.83% |
5 | UBA | 8.00 | 0.00% | -0.62% | 5.26% |
6 | ZENITHBANK | 25.00 | 0.20% | 1.63% | 4.17% |
7 | AIRTELAFRI | 1420.00 | -8.31% | -8.31% | -13.15% |
8 | BUACEMENT | 97.85 | 0.00% | -1.61% | 0.10% |
9 | DANGCEM | 288.00 | 0.00% | 0.00% | 10.34% |
10 | MTNN | 233.00 | -1.27% | -1.27% | 8.37% |
11 | OKOMUOIL | 183.50 | 0.00% | 0.00% | 11.21% |
12 | SEPLAT | 1150.00 | -4.17% | -4.17% | 4.55% |
The local bourse yielded a negative result due to losses printed 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.
