March 27, 2020/InvestmentOne Report
The Nigerian equities market closed positive today as NSE-ASI gained 0.48% to close at 21,861.78pts. However, it lost 1.52% WTD.
In today’s trade, market breadth index was positive with 23 gainers against 7 losers.
GLAXOSMITH (+10.00%) led the gainers’ chart while AFRIPRUD (-10.00%) was the top loser.
GUARANTY (+2.50%) was the most actively traded stock with about 54million units of shares worth about N1.01billion.
Sector Performance
- NSE Banking Index: Rose by 3.13%, on the back of the buy-interests in STERLNBANK (+9.26%), ZENITHBANK (+4.13%), ACCESS (+4.07%), UBA (+3.88%), and GUARANTY (+2.50%).
- NSE Consumer Goods Index: Increased by 0.07%, due to the positive sentiment in INTBREW (+8.00%) and HONYFLOUR (+7.69%).
- NSE Industrial Index: Inched up by 0.06%, due to the gain in CAP (+7.91%) and JBERGER (+0.23%).
- NSE Oil & Gas Index: Closed down by 0.42%, as a result of the decline in OANDO (-4.65%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) |
1 | ACCESS | 6.40 | 4.07% | 9.40% |
2 | DANGCEM | 129.70 | 0.00% | 0.00% |
3 | FBNH | 4.05 | -2.41% | 1.25% |
4 | FIDELITYBK | 1.80 | -0.55% | 6.51% |
5 | GUARANTY | 18.45 | 2.50% | -0.81% |
6 | MTNN | 100.00 | 0.00% | -2.91% |
7 | UBA | 5.35 | 3.88% | 7.00% |
8 | SEPLAT | 544.50 | 0.00% | 0.00% |
9 | ZENITHBANK | 12.60 | 4.13% | 6.33% |
10 | OKOMUOIL | 55.05 | 0.00% | 0.00% |
The equities market closed up today due to the gains recorded in most sectors. While we believe the risk-off sentiment on the back of weak oil price as well as the impact of Coronavirus could continue to weigh in on equities market, we opine that this may be one of the best periods to start picking some of the quality names with a medium to long term horizon.
