April 25, 2023/InvestmentOne Update
The local bourse closed northwards by 0.63% as the NGX-ASI settled at 51,681.01pts.
In today’s trade, market breadth index was significantly positive with 33 gainers against 9 losers.
JAPAULGOLD (+10.00%) was the top gainer today, while WAPIC (-7.32%) led the losers.
TRANSCORP (+9.80%) was the most actively traded stock with about 1.65 billion units of shares worth about N4.09 billion.
Sector Performances
· NGX Banking Index: Surged by 1.30%, on the back of the gains printed in ACCESSCORP (+7.07%), JAIZBANK (+5.75%) and UBA (+0.64%).
· NGX Consumer Goods Index: Increased by 0.37%, driven by the positive sentiments seen in HONYFLOUR (+9.91%) and INTBREW (+9.26%).
· NGX Industrial Index: Rose by 0.11%, due to the uptick in the prices of BERGER (+9.87%), CUTIX (+6.82%) and CAP (+3.35%).
· 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 | 10.60 | 7.07% | 7.07% | 24.71% |
2 | FBNH | 11.00 | -1.79% | -1.79% | 0.92% |
3 | FIDELITYBK | 5.63 | -2.93% | -2.93% | 29.43% |
4 | GTCO | 25.00 | 0.00% | 0.00% | 8.70% |
5 | UBA | 7.90 | 0.64% | 0.64% | 3.95% |
6 | ZENITHBANK | 22.05 | 0.46% | 0.46% | -8.12% |
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 | 229.00 | 2.23% | 2.23% | 6.51% |
11 | OKOMUOIL | 171.50 | -6.54% | -6.54% | 3.94% |
12 | SEPLAT | 1115.30 | 0.00% | 0.00% | 1.39% |
The Nigerian bourse ended higher due to the bullish bias seen 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.
