August 23, 2023/InvestmentOne Report
The local bourse marginally advanced by 0.01% as the NGX-ASI closed at 65,492.92pts.
In today s trade, market breadth index was negative with 26 losers against 22 gainers.
ABCTRANS (+9.62%) was the top gainer today, while CONOIL (-10.00%) led the losers.
TRANSCORP (+7.14%) was the most actively traded stock with about 145 million units of shares worth about N683 million.
Sector Performances
NGX Consumer Goods Index: Increased by 0.40%, driven by the optimistic sentiment recorded in DANGSUGAR (+6.95%) and VITAFOAM (+0.68%).
NGX Oil and Gas Index: Decreased by 1.66%, on the back of the negative performance printed in CONOIL (-10.00%) and ETERNA (-4.76%).
NGX Banking Index: Fell by 0.68%, due to the losses observed in FIDELITYBK (-2.10), UBN (-1.49%) and ZENITHBANK (-1.18%).
NGX Industrial 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 | 16.80 | -0.30% | -1.18% | 97.65% |
2 | FBNH | 18.00 | -1.64% | -4.26% | 65.14% |
3 | FIDELITYBK | 7.00 | -2.10% | -5.41% | 60.92% |
4 | GTCO | 35.80 | -1.78% | -1.78% | 55.65% |
5 | UBA | 13.80 | 0.00% | -0.72% | 81.58% |
6 | ZENITHBANK | 33.40 | -1.18% | -1.76% | 39.17% |
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 Nigerian equities market showed a marginal rise today due to the increase in stock prices observed in the Consumer Goods 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.
