July 10, 2023/InvestmentOne Report
he Nigerian bourse closed positive today as the NGX-ASI moved further by 2.48% to settle at 64,603.69pts.
In today’s trade, market breadth index was largely positive with 71 gainers against 19 losers.
DAARCOMM (+10.00%) was the top gainer today, while PHARMDEKO (-9.85%) led the losers.
FBNH (+9.85%) was the most actively traded stock with about 198 million units of shares worth about N4.42 billion.
Sector Performances
· NGX Industrial Index: Boosted by 5.13%, due to the buy interest seen in DANGCEM (+10.00%) and MEYER (+2.27%).
· NGX Oil and Gas Index: Gained by 2.61%, driven by the bullish sentiment witnessed in MRS (+10.00%) and CONOIL (+9.97%).
· NGX Banking Index: Rose by 1.73%, due to the increment in the prices of JAIZBANK (+10.00%), STERLINGNG (+7.91%) and UNITYBNK (+6.17%).
· NGX Consumer Goods Index: Fell by 0.18%, on the back of the losses recorded in CHAMPION (-5.43%), NB (-2.52%) and INTBREW (-1.92%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) | Year to date change (%) |
1 | ACCESSCORP | 18.90 | 0.80% | 0.80% | 122.35% |
2 | FBNH | 22.30 | 9.85% | 9.85% | 104.59% |
3 | FIDELITYBK | 8.89 | -0.45% | -0.45% | 104.37% |
4 | GTCO | 36.00 | -1.91% | -1.91% | 56.52% |
5 | UBA | 14.90 | 4.93% | 4.93% | 96.05% |
6 | ZENITHBANK | 34.80 | 0.00% | 0.00% | 45.00% |
7 | AIRTELAFRI | 1319.90 | 0.00% | 0.00% | -19.27% |
8 | BUACEMENT | 91.00 | 0.00% | 0.00% | -6.91% |
9 | DANGCEM | 330.10 | 10.00% | 10.00% | 26.48% |
10 | MTNN | 280.00 | 1.82% | 1.82% | 30.23% |
11 | OKOMUOIL | 245.00 | 0.00% | 0.00% | 48.48% |
12 | SEPLAT | 1399.80 | 0.00% | 0.00% | 27.25% |
The local equities market closed positive today due bullish sentiments seen 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.
