April 26, 2023/InvestmentOne Report
The Nigerian bourse recorded a positive performance as the NGX-ASI rose by 0.81% to settle at 52,097.62pts.
In today’s trade, market breadth index was predominantly positive with 40 gainers against 7 losers.
ACADEMY (+10.00%) was the top gainer today, while FIDELITYBK (-6.57%) led the losers.
TRANSCORP (+9.67%) was the most actively traded stock with about 6.13 billion units of shares worth about N15.57 billion.
Sector Performances
· NGX Industrial Index: Rose by 0.16%, due to the uptick in the prices of CUTIX (+6.38%) and WAPCO (+3.20%).
· NGX Consumer Goods Index: Increased by 0.08%, driven by the gains seen in CADBURY (+9.80%) and HONYFLOUR (+9.80%).
· NGX Oil and Gas Index: Fell by 0.12%, propelled by the downturn recorded in TOTAL (-0.59%).
· NGX Banking Index: Declined by 0.08%, on the back of the losses printed in FIDELITYBK (-6.57%), JAIZBANK (-3.26%) and ACCESSCORP (-2.36%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) | Year to date change (%) |
1 | ACCESSCORP | 10.35 | -2.36% | 4.55% | 21.76% |
2 | FBNH | 11.00 | 0.00% | -1.79% | 0.92% |
3 | FIDELITYBK | 5.26 | -6.57% | -9.31% | 20.92% |
4 | GTCO | 25.00 | 0.00% | 0.00% | 8.70% |
5 | UBA | 7.90 | 0.00% | 0.64% | 3.95% |
6 | ZENITHBANK | 22.55 | 2.27% | 2.73% | -6.04% |
7 | AIRTELAFRI | 1250.00 | 4.34% | 4.34% | -23.55% |
8 | BUACEMENT | 97.85 | 0.00% | 0.00% | 0.10% |
9 | DANGCEM | 270.00 | 0.00% | 0.00% | 3.45% |
10 | MTNN | 230.00 | 0.44% | 2.68% | 6.98% |
11 | OKOMUOIL | 171.50 | 0.00% | -6.54% | 3.94% |
12 | SEPLAT | 1115.30 | 0.00% | 0.00% | 1.39% |
The local equities market closed in green due to the gains recorded in the Industrial and Consumer Goods 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.
