Nesi Chetty from Stanlib chose Investec Property Fund as his stock pick of the day.

"We're looking for defensive opportunities for post Covid and I think in the short term companies with a strong balance sheet and good cash flow will probably hold their value. Investec Property Fund is one we've liked for a while and given that the shares have come off quite a bit it's one where we see good yield opportunities."

Sam Mokorosi from Vunani Capital chose Gold ETF as his stock pick of the day and David Shapiro from Sasfin Securities chose FAANG ETF and Nasdaq ETF

Mokorosi said: "If I could for an ETF I would probably go for a Gold ETF just because you have the dual hedge; the rand hedge and the chaos hedge that gold gives you and that is where I would put my money at the moment.

Shapiro said: "I'm a big tech man, I think tech stocks are going to come up so strong. Find a FAANG ETF, but if you want to stay local buy a Nasdaq ETF. I think the big companies with a lot of cash, not only to put into research and development but also to take out other companies. I think they are going to come up as big winners from the mess that we are in at the moment."

Steven Schultz from Momentum chose short term cash and long term Anglo American as his stock picks of the day.

"I'm going short-term cash, a bit of a cop-out I know but I will go bold long-term Anglo American. I think Anglo American is a quality company, diversified miner with a great portfolio and is currently trading at a price to book of 0.6, which is the type of stuff you see in textbooks. PE of about 4 or 5, they've definitely got some demand. Head winds on the horizon but if the world starts to recover I think they are well placed. They also have an amazing negative correlation between volatility and Anglo and so really bad sentiment I believe that's driving the sell-off that we're experiencing at the moment"

Nesan Nair from Sasfin Securities chose Government Bonds as his stock pick of the day.

"What I would buy and what is looking really attractive are the R186 medium-term Government bonds. When the bond yields spike up and the market achieves some sort of comfort the bond yields tend to react first. "

Graeme Franck from PSG Wealth Sandton Grayston had no stock pick for the day but did offer some advice on various other options.

"You can pick anything really at the moment if you feel confident. I think a few things to remember though, something like Tencent and Naspers I don't think should be too badly impacted, people are playing more and spending more time online. Standard Bank's has a dividend yield of around 10% at the moment. I think probably a little bit more pragmatically of these shares, if you're going to get into the market do it on a rand cost averaging, so pick two or three or four tranches, put 30 or 40 percent into the market now, in the months’ time, in two months’ time and the same thing for selling. If you're really in a panic and you want to sell, just sell half, hope like hell you wrong and the market goes up... because that's the state of the market at the moment."

Andile Buthelezi from Sentio Capital chose Kumba Iron Ore as his stock pick of the day.

"Iron Ore has been decimated of with the Coronavirus outbreak, largely because China is a large player in the iron ore space but I'm encouraged by the fact that that new case virus growth in China has slowed down significantly. The government is encouraging workers to go back to work, they've announced stimulus package which will likely just stimulate that economic activity there and if you look at iron ore prices they've actually held up, so if you compare that to what the Kumba share price has done you'll see that there's a significant margin of safety to justified potentially taking a stake in that name. The one other thing worth noting is that I know iron ore stocks actually in China have started to come down and that indicates that maybe the steel producers are starting to draw on those inventories and starting to produce the steel so that demand is coming back."