April 11, 2023/InvestmentOne Report
The Nigerian equities market declined by 1.96% as the NGX-ASI settled at 51,952.99pts.
In today’s trade, market breadth index was negative with 28 losers against 4 gainers.
CAVERTON (+8.25%) led the gainers, while AIRTELAFRI (-10.00%) was the top loser today.
TRANSCORP (+2.19%) was the most actively traded stock with about 1.55 billion units of shares worth about N2.10 billion.
Sector Performances
· NGX Industrial Index: Decreased by 0.57%, instigated by the bearish sentiment witnessed in WAPCO (-3.36%) and CUTIX (-0.45%).
· NGX Banking Index: Moved downwards by 0.34%, on the back of the losses recorded in ACCESSCORP (-2.23%), JAIZBANK (-1.10%) and FIDELITY (-0.19%).
· NGX Consumer Goods Index: Declined by 0.16%, due to the selloffs recorded in NB (-1.35%), UNILEVER (-1.15%) and CHAMPION (-0.39%).
· 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 | 8.75 | -2.23% | -2.78% | 2.94% |
2 | FBNH | 11.10 | 0.00% | 0.00% | 1.83% |
3 | FIDELITYBK | 5.30 | -0.19% | -0.93% | 21.84% |
4 | GTCO | 24.30 | -0.41% | -4.71% | 5.65% |
5 | UBA | 8.55 | 0.00% | 2.40% | 12.50% |
6 | ZENITHBANK | 25.50 | 0.00% | -1.35% | 6.25% |
7 | AIRTELAFRI | 1198.00 | -10.00% | -19.00% | -26.73% |
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 negative performance observed in AIRTELAFRI and 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.
