June 1, 2023/InvestmentOne Report
The local equities market inched higher by 0.07% as the NGX-ASI settled at 55,808.25pts.
In today’s trade, market breadth index was positive with 30 gainers against 20 losers.
CONOIL (+9.92%) was the top gainer today, while FTNCOCOA (-9.88%) led the losers.
ACCESSCORP (-0.81%) was the most actively traded stock with about 51 million units of shares worth about N624 million.
Sector Performances
· NGX Oil and Gas Index: Increased by 2.27%, driven by the bullish trend observed in CONOIL (+9.92%), ETERNA (+9.74%) and TOTAL (+2.32%).
· NGX Banking Index: Moved upwards by 0.95%, driven by the buy-interests recorded in STERLINGNG (+9.76%), JAIZBANK (+8.26%) and WEMABANK (+2.50%).
· NGX Consumer Goods Index: Declined by 0.26%, on the back of the losses witnessed in CHAMPION (-9.62%), CADBURY (-6.18%) and NB (-2.03%).
· NGX Industrial 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 | 12.20 | -0.81% | 7.02% | 43.53% |
2 | FBNH | 14.00 | -2.78% | 1.08% | 28.44% |
3 | FIDELITYBK | 5.72 | 1.96% | -1.21% | 31.49% |
4 | GTCO | 29.00 | 1.05% | 5.45% | 26.09% |
5 | UBA | 9.80 | -1.01% | 5.38% | 28.95% |
6 | ZENITHBANK | 29.50 | 1.72% | 9.26% | 22.92% |
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 | 249.90 | -0.44% | 7.48% | 16.23% |
11 | OKOMUOIL | 199.00 | 5.85% | 16.03% | 20.61% |
12 | SEPLAT | 1200.00 | 0.00% | 0.00% | 9.09% |
The Nigerian equities market closed positive today due to the buy-interests recorded in the Oil and Gas and Banking 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.
