May 14, 2020/InvestmentOne Report
The Nigerian equities market closed up today as NSE-ASI gained 0.77% to close at 23,892.92pts.
Similarly, in today’s trade, market breadth index was positive with 18 gainers against 14 losers.
FIDSON (+9.62%) was the top gainer while CUSTODIAN (-9.52%) led the loser’s chart.
ZENITHBANK (+1.99%) was the most actively traded stock with about 27million units of shares worth about N413million.
Sector Performance
· NSE Consumer Goods Index: Increased by 1.51%, due to the rise in NESTLE (+4.00%).
· NSE Banking Index: Gained 1.39%, as a result of the buy-interests in NPFMCRFBK (+9.46%), FCMB (+5.26%), JAIZBANK (+3.45%), STERLNBANK (+3.20%) and FBNH (+3.13%).
· NSE Industrial Index: Closed up by 0.34%, on the back of the gain in DANGCEM (+1.74%).
· NSE Oil & Gas Index: Closed flat.
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) |
1 | ACCESS | 6.30 | -0.79% | -1.56% |
2 | DANGCEM | 146.00 | 1.74% | -2.67% |
3 | FBNH | 4.95 | 3.13% | 5.32% |
4 | FIDELITYBK | 1.79 | 0.00% | -0.56% |
5 | GUARANTY | 22.00 | 2.56% | 0.23% |
6 | MTNN | 110.00 | 0.00% | -1.79% |
7 | UBA | 6.10 | 0.83% | -1.61% |
8 | SEPLAT | 476.40 | 0.00% | -3.64% |
9 | ZENITHBANK | 15.40 | 1.99% | 0.00% |
10 | OKOMUOIL | 55.05 | 0.00% | 0.00% |
The equities market closed up today due to positive sentiments in most 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.
