August 2, 2023/InvestmentOne Report
The Nigerian bourse rose by 0.12% as the NGX-ASI closed at 64,267.36pts.
In today’s trade, market breadth index was positive with 31 gainers against 26 losers.
ABBEYBDS (+10.00%) was the top gainer today, while THOMASWY (-10.00%) led the losers.
TRANSCORP (+3.14%) was the most actively traded stock with about 59 million units of shares worth about N209 million.
Sector Performances
· NGX Industrial Index: Climbed by 0.22%, on the back of the increase in price of WAPCO (+4.32%).
· NGX Consumer Goods Index: Rose by 0.16%, due to the positive performance observed in NASCON (+10.00%), DANGSUGAR (+9.93%) and CADBURY (+6.22%).
· NGX Banking Index: Fell by 0.35%, driven by the bearish performance seen in FIDELITY (-4.52%), UBA (-2.15%) and ACCESSCORP (-0.30%).
· NGX Oil and Gas Index: Closed flat.
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) | Year to date change (%) |
1 | ACCESSCORP | 16.55 | -0.30% | -5.43% | 94.71% |
2 | FBNH | 18.00 | 1.12% | -2.96% | 65.14% |
3 | FIDELITYBK | 7.40 | -4.52% | -12.94% | 70.11% |
4 | GTCO | 35.50 | 0.00% | -4.18% | 54.35% |
5 | UBA | 13.65 | -2.15% | -5.86% | 79.61% |
6 | ZENITHBANK | 33.50 | 0.00% | -1.47% | 39.58% |
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 | 263.00 | 0.00% | -3.31% | 22.33% |
11 | OKOMUOIL | 265.00 | 0.00% | 0.00% | 60.61% |
12 | SEPLAT | 1693.60 | 0.00% | 0.00% | 53.96% |
The Nigerian equities market rose today due to the northward sentiments observed in the Industrial and Consumer Goods 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.
