August 15, 2023/InvestmentOne Report
The local equities market fell by 0.17% as the NGX-ASI settled at 64,928.98pts.
In today’s trade, market breadth index was negative with 31 losers against 19 gainers.
TANTALIZER (+10.00%) was the top gainer today, while ETERNA (-9.86%) led the losers.
TRANSCORP was the most actively traded stock with about 36 million units of shares worth about N148 million.
Sector Performances
· NGX Industrial Index: Contracted by 1.16%, on the back of the decrease in the price of WAPCO (-1.08%).
· NGX Consumer Goods Index: Decreased by 0.68%, due to the losses recorded in UNILEVER (-7.05%), DANGSUGAR (-4.35%) and INTBREW (-3.19%).
· NGX Oil and Gas Index: Fell by 0.40%, propelled by the loss printed in ETERNA (-9.86%).
· NGX Banking Index: Declined by 0.08%, driven by the bearish sentiment witnessed in UNITYBNK (-1.43%), UBA (-1.41%) and ACCESSCORP (-1.17%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) | Year to date change (%) |
1 | ACCESSCORP | 16.95 | -1.17% | -2.31% | 99.41% |
2 | FBNH | 17.95 | -1.91% | -5.53% | 64.68% |
3 | FIDELITYBK | 7.60 | -0.65% | 0.00% | 74.71% |
4 | GTCO | 37.40 | -0.53% | -1.32% | 62.61% |
5 | UBA | 14.00 | -1.41% | -2.78% | 84.21% |
6 | ZENITHBANK | 34.40 | 0.88% | -1.71% | 43.33% |
7 | AIRTELAFRI | 1319.90 | 0.00% | 0.00% | -19.27% |
8 | BUACEMENT | 96.15 | 0.00% | -2.83% | -1.64% |
9 | DANGCEM | 349.90 | 0.00% | 0.00% | 34.06% |
10 | MTNN | 280.00 | 0.04% | 0.04% | 30.23% |
11 | OKOMUOIL | 250.00 | 0.00% | -5.66% | 51.52% |
12 | SEPLAT | 1693.60 | 0.00% | 0.00% | 53.96% |
The Nigerian bourse fell today driven by the selloffs observed across major 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.
