May 11, 2020/InvestmentOne Report
The Nigerian equities market closed down today as NSE-ASI lost 0.39% to close at 23,950.83pts. 
However, in today’s trade, market breadth index was slightly positive with 14 gainers against 12 losers.
CAP (–9.83%) was the top loser while UNILEVER (+10.00%) led the gainer’s chart.
FBNH was the most actively traded stock with about 44million units of shares worth about N208million.
Sector Performance
· NSE Banking Index: Lost 2.76%, as a result of the sell-offs in UBN (-8.57%), GUARANTY (-4.33%), ZENITHBANK (-2.27%) and FIDELITYBANK (-1.11%).
· NSE Industrial Index: Fell by 0.08%, due to the loss in CAP (-9.83%).
· NSE Oil & Gas Index: Was up by 0.93%, on the back of the buy-interests in OANDO (+5.66%) and ARDOVA (+4.58%).
· NSE Consumer Goods Index: Was up by 0.33%, due to the gain in UNILEVER (+10.00%).
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) |
1 | ACCESS | 6.40 | 0.00% | 0.00% |
2 | DANGCEM | 150.00 | 0.00% | 0.00% |
3 | FBNH | 4.70 | 0.00% | 0.00% |
4 | FIDELITYBK | 1.78 | -1.11% | -1.11% |
5 | GUARANTY | 21.00 | -4.33% | -4.33% |
6 | MTNN | 112.00 | 0.00% | 0.00% |
7 | UBA | 6.20 | 0.00% | 0.00% |
8 | SEPLAT | 494.40 | 0.00% | 0.00% |
9 | ZENITHBANK | 15.05 | -2.27% | -2.27% |
10 | OKOMUOIL | 55.05 | 0.00% | 0.00% |
The equities market closed down today due to negative sentiments in Banking and Industrial 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.
