August 4, 2023/InvestmentOne Report
The Nigerian bourse fell by 0.10% as the NGX-ASI closed at 65,198.08pts.
In today’s trade, market breadth index was flat with 28 gainers against 28 losers.
GLAXOSMITH (+9.88%) was the top gainer today, while ETERNA (-9.83%) led the losers.
TRANSCORP (-1.32%) was the most actively traded stock with about 29 million units of shares worth about N108 million.
Sector Performances
· NGX Oil and Gas Index: Slumped by 0.52%, due to the downward price movement observed in ETERNA (-9.83%).
· NGX Banking Index: Fell by 0.40%, driven by the bearish performance seen in WEMABANK (-4.87%), ACCESSCORP (-2.01%) and FIDELITYBK (-1.85%).
· NGX Consumer Goods Index: Advanced by 0.77%, due to the positive performance observed in CADBURY (+9.84%), DANGSUGAR (+4.46%) and NASCON (+4.33%).
· NGX Industrial Index: Rose by 0.04%, on the back of the increase in price of WAPCO (+0.72%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) | Year to date change (%) |
1 | ACCESSCORP | 17.10 | -2.01% | -2.29% | 101.18% |
2 | FBNH | 18.30 | 0.27% | -1.35% | 67.89% |
3 | FIDELITYBK | 7.95 | -1.85% | -6.47% | 82.76% |
4 | GTCO | 36.40 | 0.28% | -1.75% | 58.26% |
5 | UBA | 14.20 | -1.05% | -2.07% | 86.84% |
6 | ZENITHBANK | 34.10 | 1.49% | 0.29% | 42.08% |
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 | 277.00 | -1.07% | 1.84% | 28.84% |
11 | OKOMUOIL | 265.00 | 0.00% | 0.00% | 60.61% |
12 | SEPLAT | 1693.60 | 0.00% | 0.00% | 53.96% |
The Nigerian equities market fell today due to the negative sentiments observed in the Oil and 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.
