April 12, 2023/InvestmentOne Report
The Nigerian equities market closed today’s trading session flat as the NGX-ASI settled at 51,953.41pts.
In today’s trade, market breadth index was positive with 17 gainers against 11 losers.
SKYAVN (+10.00%) led the gainers, while ROYALEX (-10.00%) was the top loser today.
TRANSCORP (+3.70%) was the most actively traded stock with about 118 million units of shares worth about N163 million.
Sector Performances
· NGX Consumer Goods Index: Climbed by 0.19%, due to the buy interests recorded in INTBREW (+7.41%), DANGSUGAR (+1.47%) and HONYFLOUR (+0.45%).
· NGX Industrial Index: Rose by 0.01%, instigated by the gains printed in BERGER (+8.57%) and CUTIX (+3.60%).
· NGX Banking Index: Declined by 0.09%, on the back of the losses observed in UBA (-1.17%) and ACCESSCORP (-0.57%).
· 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 | 8.70 | -0.57% | -3.33% | 2.35% |
2 | FBNH | 11.00 | -0.90% | -0.90% | 0.92% |
3 | FIDELITYBK | 5.30 | 0.00% | -0.93% | 21.84% |
4 | GTCO | 24.30 | 0.00% | -4.71% | 5.65% |
5 | UBA | 8.45 | -1.17% | 1.20% | 11.18% |
6 | ZENITHBANK | 25.50 | 0.00% | -1.35% | 6.25% |
7 | AIRTELAFRI | 1198.00 | 0.00% | -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 flattish performance today driven by the mixed performance observed 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.
