April 9, 2020/InvestmentOne Report
The Nigerian equities market closed positive today as NSE-ASI gained 1.47% to close at 21,384.03pts. In the same vein, the market gained 1.37%WTD.
Similarly, in today’s trade, market breadth index was positive with 24 gainers against 12 losers .
DANGSUGAR (+9.74%) led the gainers’ chart while OMATEK (-8.82%) was the top loser.
FBNH (+6.82%) was the most actively traded stock with about 56million units of shares worth about N262million.
Sector Performance
· NSE Consumer Goods Index: Was up by 5.03%, due to the gains in DANGSUGAR (+9.74%), CADBURY (+9.52%) and NESTLE (+8.52%).
· NSE Banking Index: Rose by 3.96% as a result of the buy-interests in UBA (+9.73%), STERLNBANK (+9.45%), FBNH (+6.82%) and STANBIC (+6.12%).
· NSE Oil & Gas Index: Increased 1.36%, due to the gains in OANDO (+9.09%) and SEPLAT (+1.00%) .
· NSE Industrial Index: Fell by 0.57%, on the back of the loss in BUACEMENT (-2.22%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) |
1 | ACCESS | 6.65 | 2.31% | 9.92% |
2 | DANGCEM | 117.00 | 0.00% | -6.40% |
3 | FBNH | 4.70 | 6.82% | 18.99% |
4 | FIDELITYBK | 2.10 | -1.87% | 24.26% |
5 | GUARANTY | 18.85 | 3.01% | 7.10% |
6 | MTNN | 95.00 | 0.00% | 3.26% |
7 | UBA | 6.20 | 9.73% | 25.25% |
8 | SEPLAT | 495.00 | 1.00% | -9.09% |
9 | ZENITHBANK | 14.00 | 5.66% | 17.65% |
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 investment horizon.
