April 27, 2020/InvestmentOne Report
The Nigerian equities market inched up today as NSE-ASI gained 0.07% to close at 22,616.28pts.
However, market breadth index was negative with 14 losers against 8 gainers.
LASACO (+8.33%) was the top gainer while NB (-10.00%) led the losers’ chart.
LASACO (+8.33%) was the most actively traded stock with about 14million units of shares worth about N4million.
Sector Performance
- NSE Banking Index: Gained 1.12%, as a result of the buy-interests in GUARANTY (+3.63%), ZENITHBANK (+1.07%) and ACCESS (+0.81%).
- NSE Oil & Gas Index: Was up by 0.39%, due to the gain in OANDO (+3.91%).
- NSE Consumer Goods Index: Was down by 1.90%, due to the losses in NB (-10.00%) and GUINNESS (-1.85%).
- NSE Industrial Index: Closed down by 0.04%, due to negative sentiment towards WAPCO (-0.43%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) |
1 | ACCESS | 6.25 | 0.81% | 0.81% |
2 | DANGCEM | 130.00 | 0.00% | 0.00% |
3 | FBNH | 4.35 | 0.00% | 0.00% |
4 | FIDELITYBK | 1.80 | -1.10% | -1.10% |
5 | GUARANTY | 20.00 | 3.63% | 3.63% |
6 | MTNN | 104.90 | 0.87% | 0.87% |
7 | UBA | 5.85 | -0.85% | -0.85% |
8 | SEPLAT | 494.40 | 0.00% | 0.00% |
9 | ZENITHBANK | 14.20 | 1.07% | 1.07% |
10 | OKOMUOIL | 55.05 | 0.00% | 0.00% |
The equities market closed up today due to gains in Banking and Oil & Gas names. 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.
