July 13, 2023/InvestmentOne Update
The Nigerian equities market declined by 2.03% as the NGX-ASI settled at 62,784.94pts.
In today’s trade, market breadth index was significantly negative with 57 losers against 19 gainers.
JOHNHOLT (+10.00%) was the top gainer today, while FIDELITYBK (-10.00%) led the losers.
UBA (-8.45%) was the most actively traded stock with about 99 million units of shares worth about N1.33 billion.
Sector Performances
· NGX Banking Index: Declined by 6.63%, due to the downturn in the prices of WEMABANK (-10.00%), FIDELITYBK (-10.00%) and UNITYBNK (-9.94%).
· NGX Oil and Gas Index: Decreased by 0.74%, driven by the bearish sentiment observed in ETERNA (-9.74%).
· NGX Consumer Goods Index: Fell by 0.09%, on the back of the losses recorded in CHAMPION (-9.79%), NB (-7.06%) and UNILEVER (-6.25%).
· NGX Industrial Index: Rose by 0.69%, due to the gains printed in BUACEMENT (+2.01%) and CUTIX (+1.49%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) | Year to date change (%) |
1 | ACCESSCORP | 15.65 | -9.54% | -16.53% | 84.12% |
2 | FBNH | 17.45 | -9.82% | -14.04% | 60.09% |
3 | FIDELITYBK | 7.11 | -10.00% | -20.38% | 63.45% |
4 | GTCO | 34.00 | -5.56% | -7.36% | 47.83% |
5 | UBA | 13.00 | -8.45% | -8.45% | 71.05% |
6 | ZENITHBANK | 33.65 | -2.04% | -3.30% | 40.21% |
7 | AIRTELAFRI | 1319.90 | 0.00% | 0.00% | -19.27% |
8 | BUACEMENT | 98.95 | 2.01% | 8.74% | 1.23% |
9 | DANGCEM | 326.00 | 0.00% | 8.63% | 24.90% |
10 | MTNN | 265.10 | -4.64% | -3.60% | 23.30% |
11 | OKOMUOIL | 250.30 | 0.00% | 2.16% | 51.70% |
12 | SEPLAT | 1399.80 | 0.00% | 0.00% | 27.25% |
The local bourse closed bearish today due to the sell pressure observed 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.
