April 6, 2020/InvestmentOne Report
The Nigerian equities market closed negative today as NSE-ASI lost 2.02% to close at 20,669.38pts.
However, in today’s trade, market breadth index was positive with 21 gainers against 13 losers .
NAHCO (-10.00%) was the top loser while ACCESS (+9.92%) led the gainers’ chart .
FBNH (+1.27%) was the most actively traded stock with about 99million units of shares worth about N393million.
Sector Performance
- NSE Industrial Index: Shed 7.23%, on the back of the sell-offs in BUACEMENT (-9.92%) and DANGCEM (-6.40%).
- NSE Oil & Gas Index: Fell by 4.93%, due to the declines in SEPLAT (-9.99%) and BOCGAS (-9.88%).
- NSE Banking Index: Rose by 2.61%, as a result of the gains in ACCESS (+9.92%), WEMABANK (+8.51%), FIDELITYBK(+8.28%), JAIZBANK (+4.17%) and FCMB (+2.72%).
- NSE Consumer Goods Index: Was up by 0.55%, due to the Increases in FLOURMILL (+4.88%), UNILEVER (+2.00%) and NB (+0.91%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) |
1 | ACCESS | 6.65 | 9.92% | 9.92% |
2 | DANGCEM | 117.00 | -6.40% | -6.40% |
3 | FBNH | 4.00 | 1.27% | 1.27% |
4 | FIDELITYBK | 1.83 | 8.28% | 8.28% |
5 | GUARANTY | 17.85 | 1.42% | 1.42% |
6 | MTNN | 92.00 | 0.00% | 0.00% |
7 | UBA | 5.00 | 1.01% | 1.01% |
8 | SEPLAT | 490.10 | -9.99% | -9.99% |
9 | ZENITHBANK | 12.05 | 1.26% | 1.26% |
10 | OKOMUOIL | 55.05 | 0.00% | 0.00% |
The equities market closed down today due to the losses recorded in Industrial and Oil & Gas 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.
