August 17, 2023/InvestmentOne Report
The Nigerian equities market rose by 0.06% as the NGX-ASI closed at 64,663.78pts.
In today’s trade, market breadth index was positive with 20 gainers against 17 losers.
JOHNHOLT (+10.00%) was the top gainer today, while STANBIC (-9.15%) led the losers.
FIDELITYBK (+2.74%) was the most actively traded stock with about 80 million units of shares worth about N596 million.
Sector Performances
· NGX Consumer Goods Index: Increased by 0.34%, due to the gains recorded in DANGSUGAR (+4.41%) and INTBREW (+3.30%).
· NGX Oil and Gas Index: Rose by 0.06%, spurred by the increase in the price of ETERNA (+1.42%).
· NGX Banking Index: Declined by 0.47%, driven by the losses printed in UNITYBNK (-3.73%), UBN (-1.43%) and ZENITHBANK (-1.31%).
· NGX Industrial Index: Fell by 0.03%, on the back of the bearish sentiment witnessed in WAPCO (-0.73%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) | Year to date change (%) |
1 | ACCESSCORP | 16.70 | -0.89% | -3.75% | 96.47% |
2 | FBNH | 18.65 | 3.61% | -1.84% | 71.10% |
3 | FIDELITYBK | 7.50 | 2.74% | -1.32% | 72.41% |
4 | GTCO | 37.10 | -0.27% | -2.11% | 61.30% |
5 | UBA | 13.95 | -0.36% | -3.13% | 83.55% |
6 | ZENITHBANK | 34.00 | -1.31% | -2.86% | 41.67% |
7 | AIRTELAFRI | 1250.00 | 0.00% | -5.30% | -23.55% |
8 | BUACEMENT | 96.15 | 0.00% | -2.83% | -1.64% |
9 | DANGCEM | 349.90 | 0.00% | 0.00% | 34.06% |
10 | MTNN | 274.40 | -2.00% | -1.96% | 27.63% |
11 | OKOMUOIL | 250.00 | 0.00% | -5.66% | 51.52% |
12 | SEPLAT | 1693.60 | 0.00% | 0.00% | 53.96% |
The local bourse gained today due to the positive performance recorded in the Consumer Goods and Oil/Gas 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.
