May 5, 2020/InvestmentOne Report
The Nigerian equities market closed up today as NSE-ASI gained 3.12% to close at 23,809.31pts. 
In today’s trade, market breadth index was broadly positive with 29 gainers against 7 losers.
DANGCEM (+10.00%) was the top gainer while MAYBAKER (-10.00%) led the losers’ chart.
GUARANTY was the most actively traded stock with about 54million units of shares worth about N1.14billion.
Sector Performance
· NSE Banking Index: Gained 2.42%, as a result of the buy-interests in UNITYBNK (+6.82%), ACCESS (+6.56%), UBA (+5.17%), FIDELITYBK (+4.71%) and ETI (+4.65%).
· NSE Consumer Goods Index: Was up by 2.42%, due to the gains in NESTLE (+5.96%) and HONYFLOUR (+2.06%).
· NSE Industrial Index: Rose by 1.56%, due to positive sentiment towards DANGCEM (+10.00%) and WAPCO (+3.83%).
· NSE Oil & Gas Index: Increased by 0.73%, on the back of the gains in OANDO (+6.77%) and JAPAULOIL (+5.00%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) |
1 | ACCESS | 6.50 | 6.56% | -1.52% |
2 | DANGCEM | 143.00 | 10.00% | 10.00% |
3 | FBNH | 4.70 | 2.17% | 2.17% |
4 | FIDELITYBK | 1.78 | 4.71% | -0.56% |
5 | GUARANTY | 21.00 | 0.00% | 0.00% |
6 | MTNN | 120.00 | 3.45% | 7.14% |
7 | UBA | 6.10 | 5.17% | 0.83% |
8 | SEPLAT | 494.40 | 0.00% | 0.00% |
9 | ZENITHBANK | 14.85 | 3.48% | 3.85% |
10 | OKOMUOIL | 55.05 | 0.00% | 0.00% |
The equities market closed up today due to positive sentiment 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 maybe one of the best periods to start picking some of the quality names with a medium to long term investment horizon.
