August 24, 2023/InvestmentOne Report
The local equities market declined by 0.14% as the NGX-ASI closed at 65,401.82pts.
In today s trade, market breadth index was negative with 39 losers against 19 gainers.
DANGSUGAR (+10.00%), NASCON (+10.00%), OMATEK (+10.00%), TRANSCORP (+10.00%) and CWG (+10.00%) were the top gainers today, while FTNCOCOA (-9.95%) led the losers.
TRANSCORP (+10.00%) was the most actively traded stock with about 144 million units of shares worth about N724 million.
Sector Performances
NGX Banking Index: Lost 1.81%, driven by bearish sentiment seen in STERLINGNG (-4.23%), ETI (-4.11%) and ACCESSCORP (-3.27%).
NGX Oil and Gas Index: Decreased by 0.09%, on the back of the negative performance printed in ETERNA (-2.56%).
NGX Industrial Index: Fell by 0.08%, due to the losses recorded in CUTIX (-4.00%) and WAPCO (-1.45%).
NGX Consumer Goods Index: Advanced by 0.95%, driven by the bullish sentiment recorded in DANGSUGAR (+10.00%), NASCON (+10.00%) and NB (+1.88%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) | Year to date change (%) |
1 | ACCESSCORP | 16.25 | -3.27% | -4.41% | 91.18% |
2 | FBNH | 17.05 | -5.28% | -9.31% | 56.42% |
3 | FIDELITYBK | 7.00 | 0.00% | -5.41% | 60.92% |
4 | GTCO | 36.00 | 0.56% | -1.23% | 56.52% |
5 | UBA | 13.75 | -0.36% | -1.08% | 80.92% |
6 | ZENITHBANK | 33.00 | -1.20% | -2.94% | 37.50% |
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 | 274.50 | -0.18% | -0.18% | 27.67% |
11 | OKOMUOIL | 250.00 | 0.00% | 0.00% | 51.52% |
12 | SEPLAT | 1670.80 | 0.00% | 0.00% | 51.89% |
The Nigerian bourse slumped today due to the losses 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.
