April 14, 2020/InvestmentOne Report
The Nigerian equities market closed positive today as NSE-ASI gained 2.32% to close at 21,879.95pts.
Similarly, in today’s trade, market breadth index was positive with 29 gainers against 12 losers .
OANDO (+10.00%) led the gainers’ chart while PZ (-9.09%) was the top loser.
OMOMORBNK was the most actively traded stock with about 293million units of shares worth about N162million.
Sector Performance
· NSE Banking Index: Rose by 4.53% as a result of the buy-interests in STANBIC (+9.62%), UBA (+9.73%), STERLNBANK (+9.62%), JAIZBANK (+8.51%) and GUARANTY (+8.49%).
· NSE Consumer Goods Index: Was up by 2.17%, due to the gains in NB (+9.91%), DANGSUGAR (+9.35%) and HONYFLOUR (+8.89%).
· NSE Oil & Gas Index: Increased by 1.34%, due to the gains in CONOIL (+10.00%) and OANDO (+9.89%).
· NSE Industrial Index: Fell by 0.14%, on the back of the loss in WAPCO (-2.08%) and BUACEMENT (-1.30%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) |
1 | ACCESS | 6.95 | 4.51% | 4.51% |
2 | DANGCEM | 121.00 | 3.42% | 3.42% |
3 | FBNH | 4.80 | 2.13% | 2.13% |
4 | FIDELITYBK | 2.12 | 0.95% | 0.95% |
5 | GUARANTY | 20.45 | 8.49% | 8.49% |
6 | MTNN | 98.00 | 3.16% | 3.16% |
7 | UBA | 6.30 | 1.61% | 1.61% |
8 | SEPLAT | 495.00 | 0.00% | 0.00% |
9 | ZENITHBANK | 14.50 | 3.57% | 3.57% |
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.
