The Nigerian equities market closed northwards by 0.41% as NGX-ASI closed at 41,961.14 pts.
In today’s trade, market breadth index was positive with 21 gainers against 13 losers.
UPL (+10.00%) led the gainers, while MANSARD (-6.02%) was the top loser today.
FBNH was the most actively traded stock with about 162million units of shares worth about N1.87 billion.
Sector Performances
- NGX Consumer Goods Index: Rose by 1.47%, due to the gains printed in GUINNESS (+10.00%), CADBURY (+10.00%), and NB (+6.37%).
- NGX Banking Index: Rose by 0.67%, due to the gains printed in ETI (+6.21%), UNITYBANK (+3.64%), and UBA (+1.19%).
- NGX Oil and Gas Index: Climbed by 0.19%, due to the gains recorded in OANDO (+0.99%).
NGX Industrial Index: Increased by 0.10% due to buy interest recordedin WAPCO (+1.59%).
Performance of key stocks
| S/N | Stock | Current Price(N) | 1-day change (%) | Week to date change (%) | Year to date change (%) |
| 1 | ACCESS | 9.45 | -0.53% | -0.53% | 11.83% |
| 2 | DANGCEM | 280.00 | 0.00% | 0.00% | 14.33% |
| 3 | FBNH | 11.65 | 0.00% | -4.90% | 62.94% |
| 4 | FIDELITYBK | 2.75 | 0.36% | 1.85% | 9.13% |
| 5 | GTCO | 28.55 | 0.00% | 0.18% | -11.75% |
| 6 | MTNN | 175.60 | 0.92% | 0.92% | 3.35% |
| 7 | UBA | 8.50 | 1.19% | 1.19% | -1.73% |
| 8 | SEPLAT | 731.50 | 0.00% | 0.00% | 81.83% |
| 9 | ZENITHBANK | 25.05 | 0.20% | 0.20% | 1.01% |
| 10 | OKOMUOIL | 125.40 | 0.00% | 0.00% | 37.80% |
| 11 | BUACEMENT | 72.00 | 0.00% | 0.00% | -6.92% |
| 12 | AIRTELAFRI | 780.00 | 0.00% | 1.30% | -8.43% |
The equities market closed in green territory due to the gains recorded 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.
