April 28, 2020/InvestmentOne Report
The Nigerian equities market closed up today as NSE-ASI gained 0.49% to close at 22,727.87pts.
In today’s trade, market breadth index was positive with 18 gainers against 10 losers.
CORNERST (+9.26%) was the top gainer while WAPIC (-7.41%) led the losers’ chart.
UBA (+0.85%) was the most actively traded stock with about 49million units of shares worth about N290million
Sector Performance
- NSE Banking Index: Gained 2.83%, as a result of the buy-interests in FCMB (+6.25%), GUARANTY (+5.00%), ZENITHBANK (+4.58%), WEMABANK (+1.67%) and STERLNBANK (+1.56%).
- NSE Consumer Goods Index: Was up by 0.32%, as a result of gains in DANGSUGAR (+3.75%), NESTLE (+1.12%) and CADBURY (+0.67%).
- NSE Industrial Index: Closed down by 0.22% on the back of the decline in WAPCO (-2.18%).
- NSE Oil & Gas Index: Shed 0.17%, due to the loss in OANDO (-1.67%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) |
1 | ACCESS | 6.25 | 0.00% | 0.81% |
2 | DANGCEM | 130.00 | 0.00% | 0.00% |
3 | FBNH | 4.45 | 2.30% | 2.30% |
4 | FIDELITYBK | 1.82 | 1.11% | 0.00% |
5 | GUARANTY | 21.00 | 5.00% | 8.81% |
6 | MTNN | 104.90 | 0.00% | 0.87% |
7 | UBA | 5.90 | 0.85% | 0.00% |
8 | SEPLAT | 494.40 | 0.00% | 0.00% |
9 | ZENITHBANK | 14.85 | 4.58% | 5.69% |
10 | OKOMUOIL | 55.05 | 0.00% | 0.00% |
The equities market closed up today due to buy interests in Banking and Consumer 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.
