July 24, 2023/InvestmentOne Report
The Nigerian equities market surged by 1.11% as the NGX-ASI closed at 65,991.02pts.
In today’s trade, market breadth index was positive with 33 gainers against 32 losers.
IKEJAHOTEL (+10.00%) was the top gainer today, while CONOIL (-10.00%) led the losers.
JAPAULGOLD (+9.78%) was the most actively traded stock with about 72 million units of shares worth about N73 million.
Sector Performances
· NGX Oil and Gas Index: Increased by 3.25%, due to the positive sentiment observed in SEPLAT (+9.99%) and ETERNA (+1.38%).
· NGX Banking Index: Moved upwards by 0.45%, on the back of the optimistic sentiment seen in FIDELITYBK (+1.81%), ZENITHBANK (+0.86%) and UBA (+0.68%).
· NGX Industrial Index: Declined by 0.14%, driven by the sell-off recorded in CUTIX (-3.96%) and WAPCO (-2.61%).
· NGX Consumer Goods Index: Moderated by 0.02%, due to the losses printed in NB (-3.78%), HONYFLOUR (-1.15%) and FLOURMILL (-0.48%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) | Year to date change (%) |
1 | ACCESSCORP | 18.00 | 0.28% | -1.91% | 111.76% |
2 | FBNH | 21.55 | -1.15% | 8.56% | 97.71% |
3 | FIDELITYBK | 8.45 | 1.81% | 8.06% | 94.25% |
4 | GTCO | 38.70 | 0.52% | 0.52% | 68.26% |
5 | UBA | 14.90 | 0.68% | 0.00% | 96.05% |
6 | ZENITHBANK | 35.00 | 0.86% | -0.43% | 45.83% |
7 | AIRTELAFRI | 1319.90 | 0.00% | 0.00% | -19.27% |
8 | BUACEMENT | 98.95 | 0.00% | 0.00% | 1.23% |
9 | DANGCEM | 352.00 | 0.00% | 0.00% | 34.87% |
10 | MTNN | 284.90 | 5.52% | 5.52% | 32.51% |
11 | OKOMUOIL | 265.00 | 0.00% | 5.87% | 60.61% |
12 | SEPLAT | 1539.70 | 9.99% | 9.99% | 39.97% |
The local bourse closed northwards today due to the gains observed in the Oil & Gas and Banking 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.
