April 21, 2020/InvestmentOne Report
The Nigerian equities market closed down today as NSE-ASI declined by 1.27% to close at 22,629.92pts.
Similarly, in today’s trade, market breadth index was broadly negative with 27 losers against 4 gainers.
CHAMPION (-10.00%) led the losers’ chart while OMOMORBNK (+9.09%) was the top gainer.
FBNH (-1.16%) was the most actively traded stock with about 71million units of shares worth about N299million.
Sector Performance
- NSE Banking Index: Declined by 5.75%, as a result of the sell-offs in FIDELITYBK (-8.99%), UNITYBNK (-8.33%), GUARANTY (-7.79%), ZENITHBANK (-7.77%) and ACCESS (-4.69%).
- NSE Oil & Gas Index: Fell by 1.25%, on the back of the losses in OANDO (-10.00%), ARDOVA (-2.44%) and SEPLAT (-0.12%).
- NSE Industrial Index: Closed down by 0.88%, due to negative sentiment towards WAPCO (-9.21%).
- NSE Consumer Goods Index: Was down by 0.10%, due to the losses in CHAMPION (-10.00%) and FLOURMILL (-0.94%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) |
1 | ACCESS | 6.40 | -4.69% | -9.17% |
2 | DANGCEM | 136.00 | 0.00% | 0.00% |
3 | FBNH | 4.70 | -1.16% | -1.16% |
4 | FIDELITYBK | 1.89 | -8.99% | -16.34% |
5 | GUARANTY | 19.90 | -7.79% | -12.12% |
6 | MTNN | 100.00 | 0.00% | -1.48% |
7 | UBA | 6.00 | -5.00% | -5.00% |
8 | SEPLAT | 495.00 | -0.12% | -0.12% |
9 | ZENITHBANK | 14.15 | -7.77% | -13.44% |
10 | OKOMUOIL | 55.05 | 0.00% | 0.00% |
The equities market closed down today as losses were recorded in all 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.