August 9, 2023/InvestmentOne Report
The Nigerian bourse dipped by 1.75% as the NGX-ASI settled at 64,167.39pts.
In today’s trade, market breadth index was negative with 27 losers against 24 gainers.
GUINEAINS (+10.00%) was the top gainer today, while MULTIVERSE (-10.00%) led the losers.
STERLINGNG (-1.99%) was the most actively traded stock with about 33 million units of shares worth about N114 million.
Sector Performances
· NGX Industrial Index: Contracted by 4.85%, on the back of the decrease in the price of DANGCEM (-9.09%).
· NGX Banking Index: Decreased by 0.36%, driven by the bearish sentiments witnessed in JAIZBANK (-5.26%), FIDELITYBK (-3.80%) and STERLINGNG (-1.99%).
· NGX Consumer Goods Index: Shrank by 0.27%, due to the selloffs observed in NASCON (-10.00%) and INTBREW (-2.13%).
· NGX Oil and Gas Index: Fell by 0.19%, due to the loss printed in ETERNA (-4.14%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) | Year to date change (%) |
1 | ACCESSCORP | 17.45 | -0.29% | 2.05% | 105.29% |
2 | FBNH | 17.70 | -3.80% | -3.28% | 62.39% |
3 | FIDELITYBK | 7.60 | -3.80% | -4.40% | 74.71% |
4 | GTCO | 37.50 | 0.00% | 3.02% | 63.04% |
5 | UBA | 14.40 | -0.69% | 1.41% | 89.47% |
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 | 320.00 | -9.09% | -9.09% | 22.61% |
10 | MTNN | 276.00 | -1.43% | -0.36% | 28.37% |
11 | OKOMUOIL | 265.00 | 0.00% | 0.00% | 60.61% |
12 | SEPLAT | 1693.60 | 0.00% | 0.00% | 53.96% |
The local exchange witnessed a downturn today on the back of the losses printed across all 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.
