August 11, 2023/InvestmentOne Report
The local bourse rose by 0.18% as the NGX-ASI settled at 65,325.37pts.
In today’s trade, market breadth index was positive with 29 gainers against 25 losers.
SFSREIT (+9.96%) was the top gainer today, while ENAMELWA (-10.00%) led the losers.
STERLINGNG (+3.20%) was the most actively traded stock with about 86 million units of shares worth about N299 Million.
Sector Performances
· NGX Banking Index: Inched higher by 0.01%, driven by the bullish sentiments witnessed in UNITYBNK (+5.93%) and WEMABANK (+4.27%).
· NGX Industrial Index: Fell by 0.05%, on the back of the decrease in the price of WAPCO (-0.89%).
· NGX Consumer Goods Index: Closed flat.
· 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 | 17.35 | -0.86% | 1.46% | 104.12% |
2 | FBNH | 19.00 | 0.00% | 3.83% | 74.31% |
3 | FIDELITYBK | 7.60 | 0.00% | -4.40% | 74.71% |
4 | GTCO | 37.90 | -0.26% | 4.12% | 64.78% |
5 | UBA | 14.40 | -1.37% | 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 | 349.90 | 0.00% | -0.60% | 34.06% |
10 | MTNN | 279.90 | 1.05% | 1.05% | 30.19% |
11 | OKOMUOIL | 265.00 | 0.00% | 0.00% | 60.61% |
12 | SEPLAT | 1693.60 | 0.00% | 0.00% | 53.96% |
The local equities market rose today due to positive sentiments observed in 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.
