May 31, 2023/InvestmentOne Report
The local equities market inched higher by 0.04% as the NGX-ASI settled at 55,769.28pts.
In today’s trade, market breadth index was negative with 39 losers against 30 gainers.
JAIZBANK (+10.00%) was the top gainer today, while NASCON (-9.79%) led the losers.
ACCESSCORP (-0.40%) was the most actively traded stock with about 99 million units of shares worth about N1.2 billion.
Sector Performances
· NGX Consumer Goods Index: Increased by 2.08%, on the back of the gains witnessed in BUAFOODS (+5.61%), FLOURMILL (+3.88%) and UNILEVER (+1.01%).
· NGX Oil and Gas Index: Advanced by 1.63%, driven by the bullish trend observed in CONOIL (+9.96%) and MRS (+9.93%).
· NGX Banking Index: Declined by 2.46%, driven by the selloffs observed in WEMABANK (-8.05%), FIDELITYBK (-7.43%) and ETI (-4.21%).
· NGX Industrial Index: Decreased by 0.19%, due to the losses seen in WAPCO (-3.53%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) | Year to date change (%) |
1 | ACCESSCORP | 12.30 | -0.40% | 7.89% | 44.71% |
2 | FBNH | 14.40 | -2.70% | 3.97% | 32.11% |
3 | FIDELITYBK | 5.61 | -7.43% | -3.11% | 28.97% |
4 | GTCO | 28.70 | -2.38% | 4.36% | 24.78% |
5 | UBA | 9.90 | -2.94% | 6.45% | 30.26% |
6 | ZENITHBANK | 29.00 | -2.36% | 7.41% | 20.83% |
7 | AIRTELAFRI | 1175.00 | 0.00% | 0.00% | -28.13% |
8 | BUACEMENT | 92.00 | 0.00% | 4.55% | -5.88% |
9 | DANGCEM | 290.00 | 0.00% | 7.41% | 11.11% |
10 | MTNN | 251.00 | 0.40% | 7.96% | 16.74% |
11 | OKOMUOIL | 188.00 | 0.00% | 9.62% | 13.94% |
12 | SEPLAT | 1200.00 | 0.00% | 0.00% | 9.09% |
The Nigerian bourse closed positive today due to the buy-interests recorded in the Consumer Goods and Oil and Gas 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.
