July 4, 2023/InvestmentOne Report
The local equities market fell by 1.99% as the NGX-ASI settled at 60,715.04pts.
In today’s trade, market breadth index was significantly negative with 44 losers against 33 gainers.
CHIPLC (+10.00%) was the top gainer today, while PZ (-10.00%) led the losers.
FCMB (+4.26%) was the most actively traded stock with about 181 million units of shares worth about N981 Million.
Sector Performances
· NGX Industrial Index: Declined by 4.25%, due to the losses printed in BUACEMENT (-9.86%), TRIPPLEG (-9.76%) and CUTIX (-4.58%).
· NGX Banking Index: Fell by 3.88%, due to the downward movement in the prices of WEMABANK (-9.98%), ACCESSCORP (-6.03%) and UBA (-5.20%).
· NGX Consumer Goods Index: Dropped by 1.35%, on the back of the losses recorded in PZ (-10.00%), CHAMPION (-8.54%) and NASCON (-4.26%).
· NGX Oil and Gas Index: Increased by 1.91%, driven by the bullish sentiment seen in ETERNA (+9.96%) and TOTAL (+5.71%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) | Year to date change (%) |
1 | ACCESSCORP | 17.15 | -6.03% | 3.31% | 101.76% |
2 | FBNH | 17.90 | -2.45% | 4.99% | 64.22% |
3 | FIDELITYBK | 7.70 | 0.00% | 10.00% | 77.01% |
4 | GTCO | 35.10 | -3.84% | 0.29% | 52.61% |
5 | UBA | 12.75 | -5.20% | 4.08% | 67.76% |
6 | ZENITHBANK | 33.90 | -3.83% | -1.02% | 41.25% |
7 | AIRTELAFRI | 1319.90 | 0.00% | 0.00% | -19.27% |
8 | BUACEMENT | 83.15 | -9.86% | -9.86% | -14.94% |
9 | DANGCEM | 285.00 | 0.00% | 0.00% | 9.20% |
10 | MTNN | 273.00 | -1.80% | -0.15% | 26.98% |
11 | OKOMUOIL | 235.00 | 0.00% | 0.00% | 42.42% |
12 | SEPLAT | 1399.80 | 0.00% | 0.00% | 27.25% |
The local bourse closed negative today due to the downward pressure 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.
