August 18, 2023/InvestmentOne Update
The local bourse edged higher by 0.46% as the NGX-ASI closed at 64,743.96pts.
In today’s trade, market breadth index was negative with 32 losers against 17 gainers.
JOHNHOLT (+9.85%) was the top gainer today, while GUINEAINS (-9.37%) led the losers.
FBNH (+0.80%) was the most actively traded stock with about 243 million units of shares worth about N4.70 billion.
Sector Performances
· NGX Industrial Index: Rose by 1.56%, on the back of the positive sentiment observed in DANGCEM (+2.89%) and CAP (+1.01%).
· NGX Banking Index: Inched up by 0.06%, driven by the gains printed in ACCESSCORP (+1.80%).
· NGX Consumer Goods Index: Decreased by 0.16%, due to the losses recorded in CHAMPION (-8.24%), HONYFLOUR (-4.48%) and CADBURY (-2.14%).
· 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 | 17.00 | 1.80% | -2.02% | 100.00% |
2 | FBNH | 18.80 | 0.80% | -1.05% | 72.48% |
3 | FIDELITYBK | 7.40 | -1.33% | -2.63% | 70.11% |
4 | GTCO | 36.45 | -1.75% | -3.83% | 58.48% |
5 | UBA | 13.90 | -0.36% | -3.47% | 82.89% |
6 | ZENITHBANK | 34.00 | 0.00% | -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 | 360.00 | 2.89% | 2.89% | 37.93% |
10 | MTNN | 275.00 | 0.22% | -1.75% | 27.91% |
11 | OKOMUOIL | 250.00 | 0.00% | -5.66% | 51.52% |
12 | SEPLAT | 1670.80 | -1.35% | -1.35% | 51.89% |
The Nigerian bourse rose today on the back of the gains printed in the Industrial and Banking 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.
