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Nigerian Bourse Rebounds +0.58% On Gains Across Sectors

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The Nigerian equities market closed northwards by 0.58% as NGX-ASI closed at 44,655.89pts. 

In today’s trade, market breadth index was positive with 27 gainers against 13 losers. 

SKYAVN (+10.00%) was the top gainer while NEM (-8.33%) led the losers today 

TRANSCORP (-1.85%) was the most actively traded stock with about 38million units of shares worth about N40million. 

Sector Performances 

  • NGX Banking Index: Rose by 0.98%, on the back of gains printed in ETI (+3.45%)ACCESS (+2.11%)FIDELITY (+1.89%) and STERLNBANK (+1.29%).
  • NGX Industrial Index: Increased by 0.79%, due to the buy-interest recordedin BERGER (+5.84%)CUTIX (+3.73%) and BUACEMENT (+2.00%).
  • NGX Consumer Goods Index:  Roseby 0.69%, due to the buy-interest recorded in DANGSUGAR (+7.35%) and FLOURMILL (+0.18%). 
  • NGX Oil and Gas Index: Advancedby 0.25%, due to the gains printed in ETERNA (+5.83%) and CONOIL (+3.05%).

Performance of key stocks

S/NStockCurrent Price(N)1-day change (%)Week to date change (%)Year to date change (%)
1ACCESS9.702.11%2.11%4.30%
2DANGCEM270.000.00%0.00%5.06%
3FBNH12.000.00%0.00%5.26%
4FIDELITYBK2.701.89%3.85%5.88%
5GTCO25.501.39%1.19%-1.92%
6MTNN190.000.00%0.00%-3.55%
7UBA8.150.00%-1.21%1.24%
8SEPLAT690.000.00%0.00%6.15%
9ZENITHBANK25.700.78%0.78%2.19%
10OKOMUOIL142.000.00%0.00%0.00%
11BUACEMENT71.402.00%4.23%6.49%
12AIRTELAFRI1050.500.00%0.00%10.00%

The equities market closed positive today due to the gains printed 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.

Source: InvestmentOne Report

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