April 18, 2023/InvestmentOne Report
The local equities market moved slowly by 0.01% as the NGX-ASI settled at 51,134.85pts.
In today’s trade, market breadth index was neutral with 21 gainers against 21 losers.
TRANSCOPR (+9.73%) was the top gainer today, while VITAFOAM (-8.65%) led the losers.
TRANSCORP (+9.47%) was the most actively traded stock with about 1.6 billion units of shares worth about N3 billion.
Sector Performances
· NGX Oil and Gas Index: Rose by 0.12%, accruing to price increment seen in ETERNA (+4.55).
· NGX Industrial Index: Fell marginally by 0.01%, due to selloff witnessed in WAPCO (-0.21%).
· NGX Consumer Goods Index: Declined by 0.02%, caused by the erosion of prices recorded in VITAFOAM (-8.65%) and INTBREW (-4.30%).
· NGX Banking Index: Slumped by 0.50%, on the back of the losses printed in JAIZBANK (-1.08%), ETI (-0.94%) and ZENITHBANK (-0.91%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) | Year to date change (%) |
1 | ACCESSCORP | 8.85 | -0.56% | 0.00% | 4.12% |
2 | FBNH | 10.45 | 1.46% | 0.00% | -4.13% |
3 | FIDELITYBK | 5.17 | 0.98% | 1.57% | 18.85% |
4 | GTCO | 25.15 | 0.60% | 3.07% | 9.35% |
5 | UBA | 7.85 | -0.63% | -7.65% | 3.29% |
6 | ZENITHBANK | 21.80 | -0.91% | -12.80% | -9.17% |
7 | AIRTELAFRI | 1198.00 | 0.00% | 0.00% | -26.73% |
8 | BUACEMENT | 97.85 | 0.00% | 0.00% | 0.10% |
9 | DANGCEM | 270.00 | 0.00% | 0.00% | 3.45% |
10 | MTNN | 224.00 | 0.00% | -6.67% | 4.19% |
11 | OKOMUOIL | 183.50 | 0.00% | 0.00% | 11.21% |
12 | SEPLAT | 1150.00 | 0.00% | 0.00% | 4.55% |
The local bourse closed in the green today due to the gains seen in the Oil and Gas 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.
