August 10, 2023/InvestmentOne Report
The ASI advanced by 1.62% as the NGX-ASI settled at 65205.35pts.
In today’s trade, market breadth index was positive with 23 gainers against 20 losers.
CHELLARAM (+10.00%) was the top gainer today, while CAP (-10.00%) led the losers.
FBNH (+7.34%) was the most actively traded stock with about 140 million units of shares worth about N2.61 billion.
Sector Performances
· NGX Industrial Index: Surged by 4.80%, on the back of the increase in the price of DANGCEM (+9.34%).
· NGX Banking Index: Increased by 0.19%, driven by the bullish sentiments witnessed in UBA (+1.39%) and ACCESSCORP (+0.29%).
· NGX Consumer Goods Index: Contracted by 0.55%, due to the selloffs observed in DANGSUGAR (-6.63%) and UNILEVER (-3.70%).
· 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 | 17.50 | 0.29% | 2.34% | 105.88% |
2 | FBNH | 19.00 | 7.34% | 3.83% | 74.31% |
3 | FIDELITYBK | 7.60 | 0.00% | -4.40% | 74.71% |
4 | GTCO | 38.00 | 1.33% | 4.40% | 65.22% |
5 | UBA | 14.60 | 1.39% | 2.82% | 92.11% |
6 | ZENITHBANK | 35.00 | 0.00% | 2.64% | 45.83% |
7 | AIRTELAFRI | 1319.90 | 0.00% | 0.00% | -19.27% |
8 | BUACEMENT | 98.95 | 0.00% | 0.00% | 1.23% |
9 | DANGCEM | 349.90 | 9.34% | -0.60% | 34.06% |
10 | MTNN | 277.00 | 0.36% | 0.00% | 28.84% |
11 | OKOMUOIL | 265.00 | 0.00% | 0.00% | 60.61% |
12 | SEPLAT | 1693.60 | 0.00% | 0.00% | 53.96% |
The Nigerian bourse rose today due to positive sentiments witnessed in the Industrial and Banking sector. 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.
