July 11, 2023/InvestmentOne Report
The local bourse closed positive today as the NGX-ASI gained by 1.65% to settle at 65,669.29pts.
In today’s trade, market breadth index was positive with 38 gainers against 34 losers.
FTNCOCOA (+10.00%) was the top gainer today, while CHIPLC (-10.00%) led the losers.
CHAMS (+0.79%) was the most actively traded stock with about 92 million units of shares worth about N117 million.
Sector Performances
· NGX Industrial Index: Surged by 7.48%, due to the bullish sentiment seen in DANGCEM (+9.27%) and MEYER (+9.26%).
· NGX Oil and Gas Index: Gained by 0.73%, driven by the buy-interest witnessed in ETERNA (+9.94%).
· NGX Consumer Goods Index: Fell by 0.43%, on the back of the losses recorded in CHAMPION (-9.89%), PZ (-9.32%) and INTBREW (-3.92%).
· NGX Banking Index: Declined by 3.10%, due to the decrease in the prices of STERLINGNG (-5.56%), FIDELITYBK (-4.84%) and ACCESSCORP (-4.50%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) | Year to date change (%) |
1 | ACCESSCORP | 18.05 | -4.50% | -3.73% | 112.35% |
2 | FBNH | 21.50 | -3.59% | 5.91% | 97.25% |
3 | FIDELITYBK | 8.46 | -4.84% | -5.26% | 94.48% |
4 | GTCO | 35.90 | -0.28% | -2.18% | 56.09% |
5 | UBA | 14.30 | -4.03% | 0.70% | 88.16% |
6 | ZENITHBANK | 34.10 | -2.01% | -2.01% | 42.08% |
7 | AIRTELAFRI | 1319.90 | 0.00% | 0.00% | -19.27% |
8 | BUACEMENT | 97.00 | 6.59% | 6.59% | -0.77% |
9 | DANGCEM | 360.70 | 9.27% | 20.19% | 38.20% |
10 | MTNN | 278.00 | -0.71% | 1.09% | 29.30% |
11 | OKOMUOIL | 250.30 | 2.16% | 2.16% | 51.70% |
12 | SEPLAT | 1399.80 | 0.00% | 0.00% | 27.25% |
The Nigerian bourse closed positive today due bullish sentiments witnessed in the Industrial and Oil and Gas 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.
