May 26, 2023/InvestmentOne Update
The Nigerian bourse witnessed an uptick by 0.29% as the NGX-ASI settled at 52,973.88pts.
In today’s trade, market breadth index was significantly positive with 42 gainers against 11 losers.
NASCON (+10.00%) was the top gainer today, while SOVRENINS (-7.69%) led the losers.
UBA (+6.29%) was the most actively traded stock with about 59 million units of shares worth about N529 million.
Sector Performances
· NGX Banking Index: Expanded by 2.14%, driven by the gains printed in UBA (+6.29%), UBN (+4.96%) and ACCESSCORP (+3.64%).
· NGX Oil and Gas Index: Increased by 1.05%, due to the bullish trend observed in CONOIL (+9.98%) and ETERNA (+2.94%).
· NGX Consumer Goods Index: Rose by 0.41%, caused by the increase in prices of NASCON (+10.00%), CHAMPION (+6.36%) and DANGSUGAR (+3.09%).
· NGX Industrial Index: Declined by 0.88%, on the back of the negative sentiment seen in BERGER (-2.79%) and BUACEMENT (-2.22%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) | Year to date change (%) |
1 | ACCESSCORP | 11.40 | 3.64% | 11.76% | 34.12% |
2 | FBNH | 13.85 | 2.21% | 10.80% | 27.06% |
3 | FIDELITYBK | 5.79 | 3.39% | 5.27% | 33.10% |
4 | GTCO | 27.50 | 2.23% | 3.38% | 19.57% |
5 | UBA | 9.30 | 6.29% | 11.38% | 22.37% |
6 | ZENITHBANK | 27.00 | 0.93% | 3.85% | 12.50% |
7 | AIRTELAFRI | 1175.00 | 0.00% | 0.00% | -28.13% |
8 | BUACEMENT | 88.00 | -2.22% | -2.22% | -9.97% |
9 | DANGCEM | 270.00 | 0.00% | 0.00% | 3.45% |
10 | MTNN | 232.50 | 0.56% | 1.53% | 8.14% |
11 | OKOMUOIL | 171.50 | 0.00% | 0.00% | 3.94% |
12 | SEPLAT | 1200.00 | 0.00% | 2.13% | 9.09% |
The local equities market closed in green due to the gains recorded 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.
