June 30, 2023/InvestmentOne Report
The local equities market surged by 1.43% as the NGX-ASI settled at 60,968.27pts.
In today’s trade, market breadth index was significantly positive with 57 gainers against 20 losers.
PZ (+10.00%) was the top gainer today, while PHARMDEKO (-10.00%) led the losers.
ACCESSCORP (+5.06%) was the most actively traded stock with about 255 million units of shares worth about N4.15 billion.
Sector Performances
· NGX Banking Index: Advanced by 1.69%, due to the upward movement in prices of STERLINGNG (+9.80%), UNITYBNK (+9.26%) and WEMABANK (+5.38%).
· NGX Oil and Gas Index: Increased by 0.78%, driven by the bullish sentiment seen in ETERNA (+9.95%) and CONOIL (+1.22%).
· NGX Consumer Goods Index: Rose by 0.58%, on the back of the gains recorded in PZ (+10.00%), CHAMPION (+9.80%) and UNILEVER (+5.16%).
· NGX Industrial Index: Declined by 0.54%, due to the losses printed in TRIPPLEG (-3.85%), WAPCO (-1.34%) and DANGCEM (-0.87%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) | Year to date change (%) |
1 | ACCESSCORP | 16.60 | 5.06% | 11.04% | 95.29% |
2 | FBNH | 17.05 | 0.29% | -1.45% | 56.42% |
3 | FIDELITYBK | 7.00 | 0.29% | 0.14% | 60.92% |
4 | GTCO | 35.00 | 1.74% | 11.29% | 52.17% |
5 | UBA | 12.25 | 0.00% | 6.99% | 61.18% |
6 | ZENITHBANK | 34.25 | 0.74% | 7.03% | 42.71% |
7 | AIRTELAFRI | 1319.90 | 4.75% | 4.19% | -19.27% |
8 | BUACEMENT | 92.25 | 0.00% | 2.50% | -5.63% |
9 | DANGCEM | 285.00 | -0.87% | -0.87% | 9.20% |
10 | MTNN | 273.40 | 2.32% | 2.98% | 27.16% |
11 | OKOMUOIL | 235.00 | 4.44% | 4.44% | 42.42% |
12 | SEPLAT | 1399.80 | 0.00% | 2.93% | 27.25% |
The local bourse closed positive today due to the buoyant performance 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.
