July 3, 2023/InvestmentOne Report
The local equities market advanced by 1.61% as the NGX-ASI settled at 61,949.24pts.
In today’s trade, market breadth index was significantly positive with 67 gainers against 14 losers.
MEYER (+10.00%) was the top gainer today, while TRIPPLEG (-9.87%) led the losers.
FCMB (+5.88%) was the most actively traded stock with about 174 million units of shares worth about N931 million.
Sector Performances
· NGX Banking Index: Advanced by 6.78%, due to the upward movement in prices of FIDELITYBK (+10.00%), ACCESSCORP (+9.94%) and WEMABANK (+9.83%).
· NGX Oil and Gas Index: Increased by 1.50%, driven by the bullish sentiment seen in ETERNA (+10.00%) and CONOIL (+6.02%).
· 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: Inched up by 0.04%, due to the uptick in the prices of MEYER (+10.00%), BERGER (+9.50%) and CAP (+2.08%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) | Year to date change (%) |
1 | ACCESSCORP | 18.25 | 9.94% | 22.07% | 114.71% |
2 | FBNH | 18.35 | 7.62% | 6.07% | 68.35% |
3 | FIDELITYBK | 7.70 | 10.00% | 10.16% | 77.01% |
4 | GTCO | 36.50 | 4.29% | 16.06% | 58.70% |
5 | UBA | 13.45 | 9.80% | 17.47% | 76.97% |
6 | ZENITHBANK | 35.25 | 2.92% | 10.16% | 46.88% |
7 | AIRTELAFRI | 1319.90 | 0.00% | 4.19% | -19.27% |
8 | BUACEMENT | 92.25 | 0.00% | 2.50% | -5.63% |
9 | DANGCEM | 285.00 | 0.00% | -0.87% | 9.20% |
10 | MTNN | 278.00 | 1.68% | 4.71% | 29.30% |
11 | OKOMUOIL | 235.00 | 0.00% | 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.
