April 5, 2023/InvestmentOne Report
The local bourse slumped by 1.88% as the NGX-ASI settled at 53,018.97pts.
In today’s trade, market breadth index was negative with 14 losers against 11 gainers.
AIRTELAFRI (-10.00%) was the top loser, while WAPIC (+7.50%) led the gainers today.
UBA (+0.60%) was the most actively traded stock with about 64 million units of shares worth about N537 million.
Sector Performances
· NGX Consumer Goods Index: Fell by 0.26%, due to the selloffs recorded in FLOURMILL (-4.84%), CHAMPION (-3.85%) and UNILEVER (-3.33%).
· NGX Banking Index: Moved upwards by 0.49%, on the back of the bullish sentiment seen in ZENITHBANK (+1.39%).
· NGX Oil and Gas Index: Advanced by 0.12%, driven by the gains seen in ETERNA (+4.46%).
· NGX Industrial Index: Increased by 0.04%, propelled by the positive sentiment witnessed in CUTIX (+3.60%) and WAPIC (+0.78%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) | Year to date change (%) |
1 | ACCESSCORP | 9.00 | 0.00% | 0.00% | 5.88% |
2 | FBNH | 11.00 | -0.45% | -0.90% | 0.92% |
3 | FIDELITYBK | 5.31 | -0.56% | -0.75% | 22.07% |
4 | GTCO | 24.70 | 0.41% | -3.14% | 7.39% |
5 | UBA | 8.35 | 0.00% | 0.00% | 9.87% |
6 | ZENITHBANK | 25.50 | 1.39% | -1.35% | 6.25% |
7 | AIRTELAFRI | 1331.10 | -10.00% | -10.00% | -18.59% |
8 | BUACEMENT | 97.85 | 0.00% | 0.00% | 0.10% |
9 | DANGCEM | 270.00 | 0.00% | 0.00% | 3.45% |
10 | MTNN | 240.00 | 0.00% | 0.00% | 11.63% |
11 | OKOMUOIL | 183.50 | 0.00% | 0.00% | 11.21% |
12 | SEPLAT | 1150.00 | 0.00% | 0.00% | 4.55% |
The local equities market recorded a negative performance today driven by the losses witnessed in AIRTELAFRI and the Consumer Goods sector. 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.
