March 23, 2023/InvestmentOne Update
The local bourse closed on a negative note as the NGX-ASI fell by 0.02% to settle at 54,924.08pts.
In today’s trade, market breadth index was negative with 17 losers against 14 gainers.
SUNUASSUR (+9.09%) was the top gainer, while NCR (-9.96%) led the losers today.
TRANSCORP (+5.38%) was the most actively traded stock with about 23 million units of shares worth about N31 million.
Sector Performances
· NGX Banking Index: Sunk by 0.45%, driven by the losses observed in STERLNBANK (-3.25%) and ACCESSCORP (-2.25%).
· NGX Consumer Goods Index: Declined by 0.04%, on the back of the sell-pressures observed in DANGSUGAR (-0.54%) and PZ (-0.46%).
· 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 | 8.70 | -2.25% | 3.57% | 2.35% |
2 | FBNH | 10.95 | 0.00% | 2.34% | 0.46% |
3 | FIDELITYBK | 5.20 | -1.33% | 0.19% | 19.54% |
4 | GTCO | 25.15 | -0.20% | 2.24% | 9.35% |
5 | UBA | 8.00 | 0.00% | -0.62% | 5.26% |
6 | ZENITHBANK | 25.10 | 0.20% | 2.03% | 4.58% |
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 witnessed a downturn due to the negative performance recorded in the Banking sector. 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.
