August 22, 2023/InvestmentOne Report
The Nigerian bourse increased by 0.44% as the NGX-ASI closed at 65,488.67pts.
In today s trade, market breadth index was negative with 26 losers against 16 gainers.
CORNERST (+9.84%) was the top gainer today, while CWG (-9.74%) led the losers.
TRANSCORP (+2.28%) was the most actively traded stock with about 41 million units of shares worth about N185 million.
Sector Performances
NGX Consumer Goods Index: Advanced by 3.75%, due to the buy-ins recorded in BUAFOODS (+7.91%), NASCON (+4.23%) and DANGSUGAR (+3.89%).
NGX Industrial Index: Inched higher by 0.01%, on the back of the positive sentiment observed in MEYER (+5.26%) and CAP (+4.75%).
NGX Banking Index: Decreased by 0.90%, driven by the sell-offs observed in UBN (-2.90%), JAIZBANK (-2.60%) and ETI (-2.17%).
NGX Oil and Gas Index: Declined by 0.19%, driven by the loss printed in ETERNA (-4.76%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) | Year to date change (%) |
1 | ACCESSCORP | 16.85 | -1.17% | -0.88% | 98.24% |
2 | FBNH | 18.30 | -1.08% | -2.66% | 67.89% |
3 | FIDELITYBK | 7.15 | 0.00% | -3.38% | 64.37% |
4 | GTCO | 36.45 | -0.14% | 0.00% | 58.48% |
5 | UBA | 13.80 | -1.43% | -0.72% | 81.58% |
6 | ZENITHBANK | 33.80 | -0.44% | -0.59% | 40.83% |
7 | AIRTELAFRI | 1250.00 | 0.00% | 0.00% | -23.55% |
8 | BUACEMENT | 96.15 | 0.00% | 0.00% | -1.64% |
9 | DANGCEM | 360.00 | 0.00% | 0.00% | 37.93% |
10 | MTNN | 275.00 | 0.00% | 0.00% | 27.91% |
11 | OKOMUOIL | 250.00 | 0.00% | 0.00% | 51.52% |
12 | SEPLAT | 1670.80 | 0.00% | 0.00% | 51.89% |
The local equities market advanced today driven by the bullish sentiment observed in the Consumer Goods and Industrial 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.
