April 3, 2020/InvestmentOne Report
The Nigerian equities market closed negative today as NSE-ASI lost 0.13% to close at 21,094.62pts. Similarly, the market lost 3.51% WTD. 
However, in today’s trade, market breadth index was positive with 15 gainers against 13 losers .
SKYAVN (-9.89%) was the top loser while ACCESS (+10.00%) led the gainers’ chart .
FBNH (+6.76%) was the most actively traded stock with about 60million units of shares worth about N232million.
Sector Performance
- NSE Industrial Index: Fell by 0.89%, on the back of the sell-offs in WAPCO (-2.72%) and DANGCEM (-2.65%).
- NSE Consumer Goods Index: Decreased by 0.41%, due to the losses in NB (-2.22%), INTBREW (-2.00%) and CADBURY (-1.41%).
- NSE Banking Index: Rose by 3.70%, as a result of the gains in ACCESS (+10.00%), ZENITHBANK (+8.18%), FBNH (+6.76%), UBA (+2.06%) and GUARANTY (+1.73%).
- NSE Oil & Gas Index: Gained 0.54%, due to the buy-interest in OANDO (+6.34%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) |
1 | ACCESS | 6.05 | 10.00% | -5.47% |
2 | DANGCEM | 125.00 | -2.65% | -3.62% |
3 | FBNH | 3.95 | 6.76% | -2.47% |
4 | FIDELITYBK | 1.69 | -0.59% | -6.11% |
5 | GUARANTY | 17.60 | 1.73% | -4.61% |
6 | MTNN | 92.00 | -0.86% | -8.00% |
7 | UBA | 4.95 | 2.06% | -7.48% |
8 | SEPLAT | 544.50 | 0.00% | 0.00% |
9 | ZENITHBANK | 11.90 | 8.18% | -5.56% |
10 | OKOMUOIL | 55.05 | 0.00% | 0.00% |
The equities market closed down today due to the losses recorded in Industrial and Consumer Goods 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 investment horizon.
