March 22, 2023/InvestmentOne Report
The equities market ended the day buoyant as the NGX-ASI rose by 0.06% to settle at 54,936.11pts.
In today’s trade, market breadth index was negative with 14 losers against 9 gainers.
GTCO (+2.44%) was the top gainer, while NCR (-9.69%) led the losers today.
TRANSCORP (+1.56%) was the most actively traded stock with about 28 million units of shares worth about N36 million.
Sector Performances
· NGX Banking Index: Declined by 0.01%, driven by the losses observed in WEMABANK (-1.23%) and ZENITHBANK (-0.20%).
· NGX Consumer Goods Index: Decreased by 0.02%, on the back of the sell-pressures observed in HONYFLOUR (-2.22%) and VITAFOAM (-1.06%).
· NGX Industrial Index: Closed flat.
· 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 | 8.90 | 0.00% | 5.95% | 4.71% |
2 | FBNH | 10.95 | 0.46% | 2.34% | 0.46% |
3 | FIDELITYBK | 5.27 | 1.35% | 1.54% | 21.15% |
4 | GTCO | 25.20 | 2.44% | 2.44% | 9.57% |
5 | UBA | 8.00 | 0.00% | -0.62% | 5.26% |
6 | ZENITHBANK | 25.05 | -0.20% | 1.83% | 4.38% |
7 | AIRTELAFRI | 1548.70 | 0.00% | 0.00% | -5.28% |
8 | BUACEMENT | 99.45 | 0.00% | 0.00% | 1.74% |
9 | DANGCEM | 288.00 | 0.00% | 0.00% | 10.34% |
10 | MTNN | 236.00 | 0.00% | 0.00% | 9.77% |
11 | OKOMUOIL | 183.50 | 0.00% | 0.00% | 11.21% |
12 | SEPLAT | 1200.00 | 0.00% | 0.00% | 9.09% |
The local bourse closed the day optimistic due to buy-interest in GTCO. 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.
