April 6, 2023/InvestmentOne Report
The Nigerian equities market declined by 0.05% as the NGX-ASI settled at 52,994.13pts.
In today’s trade, market breadth index was negative with 19 losers against 9 gainers.
AIICO (+5.26%) led the gainers, while UPL (-10.00%) was the top loser today.
TRANSCORP (-0.72%) was the most actively traded stock with about 147 million units of shares worth about N206 million.
Sector Performances
· NGX Consumer Goods Index: Fell by 0.17%, due to the selloffs recorded in DANGSUGAR (-2.86%) and INTBREW (-1.22%).
· NGX Oil and Gas Index: Decline by 0.17%, driven by the loss observed in ETERNA (-5.98%).
· NGX Industrial Index: Decreased by 0.04%, instigated by the bearish sentiment witnessed in CUTIX (-3.04%) and WAPIC (-0.77%).
· NGX Banking Index: Moved upwards by 0.08%, on the back of the gain printed in UBA (+2.40%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) | Year to date change (%) |
1 | ACCESSCORP | 8.95 | -0.56% | -0.56% | 5.29% |
2 | FBNH | 11.10 | 0.91% | 0.00% | 1.83% |
3 | FIDELITYBK | 5.31 | 0.00% | -0.75% | 22.07% |
4 | GTCO | 24.40 | -1.21% | -4.31% | 6.09% |
5 | UBA | 8.55 | 2.40% | 2.40% | 12.50% |
6 | ZENITHBANK | 25.50 | 0.00% | -1.35% | 6.25% |
7 | AIRTELAFRI | 1331.10 | 0.00% | -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 bourse recorded a negative performance today driven by the fall in stock prices 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.
