August 25, 2023/InvestmentOne Report
The Nigerian bourse increased by 0.24% as the NGX-ASI closed at 65,558.91pts.
In today s trade, market breadth index was positive with 31 gainers against 24 losers.
SFSREIT (+9.97%) was the top gainer today, while PRESTIGE (-9.43%) led the losers.
TRANSCORP (+9.85%) was the most actively traded stock with about 77 million units of shares worth about N442 million.
Sector Performances
NGX Consumer Goods Index: Surged by 1.08%, buoyed by the optimistic performances seen in NASCON (+9.95%), DANGSUGAR (+7.95%) and INTBREW (+5.62%).
NGX Oil and Gas Index: Rose by 0.26%, due to the positive performance printed in ETERNA (+7.24%).
NGX Banking Index: Advanced by 0.14%, driven by buy-ins observed in FIDELITYBK (+2.14%) and ACCESSCORP (+1.85%).
NGX Industrial Index: Marginally increased by 0.02%, due to the bullish sentiment recorded in WAPCO (+0.37%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) | Year to date change (%) |
1 | ACCESSCORP | 16.55 | 1.85% | -2.65% | 94.71% |
2 | FBNH | 16.55 | -2.93% | -11.97% | 51.83% |
3 | FIDELITYBK | 7.15 | 2.14% | -3.38% | 64.37% |
4 | GTCO | 36.10 | 0.28% | -0.96% | 56.96% |
5 | UBA | 13.70 | -0.36% | -1.44% | 80.26% |
6 | ZENITHBANK | 32.75 | -0.76% | -3.68% | 36.46% |
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 | 0.00% | -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 local equities market moved higher today due to the growth 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.
