July 5, 2023/InvestmentOne Report
The local bourse rose by 1.33% as the NGX-ASI settled at 61,523.57pts.
In today’s trade, market breadth index was positive with 43 gainers against 30 losers.
LEARNAFRICA (+9.97%) was the top gainer today, while NSLTECH (-10.00%) led the losers.
FBNH (+3.35%) was the most actively traded stock with about 89 million units of shares worth about N1.65 billion.
Sector Performances
· NGX Banking Index: Surged by 6.18%, due to the upward movement in the prices of ACCESSCORP (+4.37%), STERLINGNG (+3.37%) and UBA (+2.75%).
· NGX Industrial Index: Advanced by 3.86%, due to the buy interest seen in BUACEMENT (+9.44%) and WAPCO (+2.59%).
· NGX Oil and Gas Index: Increased by 0.18%, driven by the bullish sentiment witnessed in CONOIL (+5.68%).
· NGX Consumer Goods Index: Rose by 0.07%, on the back of the gains recorded in INTBREW (+2.00%), DANGSUGAR (+1.20%) and NB (+0.56%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) | Year to date change (%) |
1 | ACCESSCORP | 17.90 | 4.37% | 7.83% | 110.59% |
2 | FBNH | 18.50 | 3.35% | 8.50% | 69.72% |
3 | FIDELITYBK | 7.90 | 2.60% | 12.86% | 81.61% |
4 | GTCO | 36.00 | 2.56% | 2.86% | 56.52% |
5 | UBA | 13.10 | 2.75% | 6.94% | 72.37% |
6 | ZENITHBANK | 34.10 | 0.59% | -0.44% | 42.08% |
7 | AIRTELAFRI | 1319.90 | 0.00% | 0.00% | -19.27% |
8 | BUACEMENT | 91.00 | 9.44% | -1.36% | -6.91% |
9 | DANGCEM | 285.00 | 0.00% | 0.00% | 9.20% |
10 | MTNN | 274.00 | 0.37% | 0.22% | 27.44% |
11 | OKOMUOIL | 235.00 | 0.00% | 0.00% | 42.42% |
12 | SEPLAT | 1399.80 | 0.00% | 0.00% | 27.25% |
The Nigerian equities market closed buoyant today due to the bullish sentiments witnessed 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.
