May 23, 2023/InvestmentOne Report
The Nigerian bourse edged higher by 0.48% as the NGX-ASI settled at 52,621.19pts.
In today’s trade, market breadth index was majorly positive with 33 gainers against 15 losers.
TRANSCORP (+9.85%) was the top gainer today, while CHELLARAM (-9.94%) led the losers.
UBA was the most actively traded stock with about 62 million units of shares worth about N511 million.
Sector Performances
· NGX Banking Index: Advanced by 1.55%, driven by the gains printed in ACCESSCORP (+3.45%), STERLINGNG (+2.34%) and ZENITHBANK (+2.08%).
· NGX Consumer Goods Index: Rose by 0.35%, caused by the increase in prices of UNILEVER (+9.70%), PZ (+8.82%) and HONYFLOUR (+7.01%).
· NGX Oil and Gas Index: Increased by 0.04%, due to the gain seen in ETERNA (+1.40%).
· NGX Industrial Index: Inched up by 0.02%, on the back of the positive sentiment observed in TRIPPLEG (+9.83%) and WAPCO (+0.41%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) | Year to date change (%) |
1 | ACCESSCORP | 10.50 | 3.45% | 2.94% | 23.53% |
2 | FBNH | 13.55 | 7.54% | 8.40% | 24.31% |
3 | FIDELITYBK | 5.65 | 1.80% | 2.73% | 29.89% |
4 | GTCO | 27.70 | 2.03% | 4.14% | 20.43% |
5 | UBA | 8.40 | 0.00% | 0.60% | 10.53% |
6 | ZENITHBANK | 27.00 | 2.08% | 3.85% | 12.50% |
7 | AIRTELAFRI | 1175.00 | 0.00% | 0.00% | -28.13% |
8 | BUACEMENT | 90.00 | 0.00% | 0.00% | -7.93% |
9 | DANGCEM | 270.00 | 0.00% | 0.00% | 3.45% |
10 | MTNN | 231.00 | 0.00% | 0.87% | 7.44% |
11 | OKOMUOIL | 171.50 | 0.00% | 0.00% | 3.94% |
12 | SEPLAT | 1175.00 | 0.00% | 0.00% | 6.82% |
The local equities market closed positive due to the bullish momentum witnessed 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.
