Friday, July 03, 2020 10:00 PM / [email protected] / Header Image Credit: EcoGraphics
Nigerian Stock Market closed the month ofJune 2020 in red as market witnessed renewed sell pressure during the monthunder review. The NSEASI dipped by -3.12% as against +9.76% gain recorded in themonth of May 2020 while the NASD USI closed northwards with +3.48% gain recorded at theend of the month under review as against -1.32% loss in May 2020.
YTD, the NSEASI has dipped by -8.80% while the NASD USI inched up by +2.58% so far in theyear.
Furthermore, the NSEASIended Q2 2020 in the positive territory with +14.92% gain recorded as against -3.46% loss in Q2 2019 while theNASD USI also closed the quarter northwards with +3.29% gain recorded as against -1.51% loss in Q2 2019.
Onmarket development, regulation and investors protection, the Securities andExchange Commission,sequel to its publication of new Rulesrelating to Collective Investment Schemes in December 2019, the Commission further issued some clarificationsto facilitate effective compliance with its new CIS Rules.
Also, the Nigerian Stock Exchange announced the result of the HalfYear 2020 Market Index Review. This has led to the entry and exit of some companies from some indices whichwill take effect when the market opens on Wednesday, July 1, 2020.
Half Year 2020 Markets Review
The half year 2020 markets review done in the Capital Market ServiceReport for June 2020 focused on the following;
- Market Performance in H1 2020
- Gainers and Losers in H1 2020
- Global Markets; and
- African Markets
Market Performance in H1 2020
A review of the NSE sector indices performance in H1 2020 revealed thatNSE Insurance, Industrial and ASeM Indices all closed green with +3.10%, +2.63% and +0.96% gains whileNSE Consumer Goods and CG Indices recorded -22.26% return to top the indices in red.
Market Performance | |||
Sectors | 31-Dec-19 | 30-Jun-20 | YTD % Chg |
NSE ASI | 26,842.07 | 24,479.22 | -8.80% |
NSE-30 | 1,177.83 | 1,052.09 | -10.68% |
NSE Consumer Goods | 1,087.37 | 845.36 | -22.26% |
NSE Banking | 356.84 | 281.96 | -20.98% |
NSE Insurance | 125.82 | 129.72 | 3.10% |
NSE Oil and Gas | 262.54 | 196.47 | -25.17% |
NSE LII | 1,834.76 | 1,825.74 | -0.49% |
NSE-IND | 1,075.60 | 1,103.86 | 2.63% |
NSE-ASeM | 734.99 | 742.08 | 0.96% |
NSE Pension | 1,054.06 | 953.14 | -9.57% |
NSE Premium | 2,116.22 | 2,125.17 | 0.42% |
NSE Main Board | 1,151.80 | 1,033.03 | -10.31% |
NSECG | 1,087.37 | 845.36 | -22.26% |
NSEAFRBVI | 988.09 | 768.52 | -22.22% |
NSEAFRHDYI | 1,384.95 | 1,369.95 | -1.08% |
NSEMERIGRW | 1,393.54 | 1,247.37 | -10.49% |
NSEMERIVAL | 1,429.74 | 1,262.99 | -11.66% |
Dangote Index | 76.35 | 68.15 | -10.74% |
Elumelu Index | 88.15 | 75.27 | -14.61% |
Gainerand Losers in H1 2020 on NSE
Atthe end of H1 2020, market recorded thirty-four (34) gainers to seventy-nine(79) losers.
NEIMETHand LAWUNIONtopped the list of gainers with +166.13% and+106.00% returns while INTBREWand NCRtopped the losers' chart with -56.84% and -55.56% returns respectively.
Gainersin H1 2020
S/No | Symbol | 31-Dec-19 | 30-Jun-20 | YTD |
1 | NEIMETH | 0.62 | 1.65 | 166.13% |
2 | LAWUNION | 0.5 | 1.03 | 106.00% |
3 | OMOSAVBNK | 0.55 | 0.9 | 63.64% |
4 | MAYBAKER | 1.93 | 2.87 | 48.70% |
5 | EKOCORP | 4.25 | 6 | 41.18% |
6 | OKOMUOIL | 55.6 | 77.4 | 39.21% |
7 | MOBIL | 147.9 | 192.6 | 30.22% |
8 | AIICO | 0.72 | 0.92 | 27.78% |
9 | VITAFOAM | 4.4 | 5.59 | 27.05% |
10 | BETAGLAS | 53.8 | 68.35 | 27.04% |
11 | ABCTRANS | 0.45 | 0.56 | 24.44% |
12 | LIVESTOCK | 0.5 | 0.62 | 24.00% |
13 | UNIONDAC | 0.22 | 0.27 | 22.73% |
14 | CORNERST | 0.45 | 0.55 | 22.22% |
15 | CUTIX | 1.33 | 1.6 | 20.30% |
16 | MORISON | 0.5 | 0.6 | 20.00% |
17 | CONOIL | 18.5 | 21 | 13.51% |
18 | MTNN | 105 | 117.5 | 11.90% |
19 | SKYESHELT | 85.5 | 95 | 11.11% |
20 | UHOMREIT | 40.7 | 45.2 | 11.06% |
21 | BUACEMENT | 35 | 38.7 | 10.57% |
22 | INTENEGINS | 0.38 | 0.42 | 10.53% |
23 | AIRTELAFRI | 298.9 | 328.7 | 9.97% |
24 | NPFMCRFBK | 1.15 | 1.25 | 8.70% |
25 | MCNICHOLS | 0.46 | 0.5 | 8.70% |
26 | UCAP | 2.4 | 2.55 | 6.25% |
27 | ABBEYBDS | 1 | 1.05 | 5.00% |
28 | JAPAULOIL | 0.2 | 0.21 | 5.00% |
29 | MBENEFIT | 0.2 | 0.21 | 5.00% |
30 | REGALINS | 0.2 | 0.21 | 5.00% |
31 | FCMB | 1.85 | 1.93 | 4.32% |
32 | LEARNAFRCA | 1.13 | 1.17 | 3.54% |
33 | WAPIC | 0.34 | 0.35 | 2.94% |
34 | AFRIPRUD | 4 | 4.11 | 2.75% |
Source: NSE, Proshare Research
Losersin H1 2020
S/No | Symbol | 31-Dec-19 | 30-Jun-20 | YTD |
1 | INTBREW | 9.5 | 4.1 | -56.84% |
2 | NCR | 4.5 | 2 | -55.56% |
3 | GUINNESS | 30.05 | 14.5 | -51.75% |
4 | OMATEK | 0.5 | 0.26 | -48.00% |
5 | ARBICO | 3.51 | 1.89 | -46.15% |
6 | OANDO | 3.99 | 2.3 | -42.36% |
7 | SEPLAT | 657.8 | 386 | -41.32% |
8 | AFROMEDIA | 0.34 | 0.2 | -41.18% |
9 | NB | 59 | 36.1 | -38.81% |
10 | ETERNA | 3.6 | 2.24 | -37.78% |
11 | STERLNBANK | 1.99 | 1.25 | -37.19% |
12 | CHAMS | 0.33 | 0.21 | -36.36% |
13 | CADBURY | 10.55 | 6.75 | -36.02% |
14 | FO(ARDOVA) | 18.1 | 11.8 | -34.81% |
15 | WAPCO | 15.3 | 10 | -34.64% |
16 | ACCESS | 10 | 6.55 | -34.50% |
17 | TRANSCORP | 0.99 | 0.65 | -34.34% |
18 | UNILEVER | 22 | 15.3 | -30.45% |
19 | SKYAVN | 4.19 | 2.93 | -30.07% |
20 | REDSTAREX | 4.45 | 3.15 | -29.21% |
21 | PZ | 5.65 | 4 | -29.20% |
22 | WEMABANK | 0.74 | 0.54 | -27.03% |
23 | STANBIC | 41 | 30.25 | -26.22% |
24 | CAVERTON | 2.67 | 1.98 | -25.84% |
25 | GUARANTY | 29.7 | 22.05 | -25.76% |
26 | DEAPCAP | 0.4 | 0.3 | -25.00% |
27 | UNITYBNK | 0.64 | 0.48 | -25.00% |
28 | ETI | 6.5 | 4.95 | -23.85% |
29 | ROYALEX | 0.3 | 0.23 | -23.33% |
30 | HMARKINS | 0.39 | 0.3 | -23.08% |
31 | CILEASING | 5.9 | 4.6 | -22.03% |
32 | TRIPPLEG | 0.64 | 0.5 | -21.88% |
33 | UPL | 1.28 | 1.01 | -21.09% |
34 | UPDCREIT | 4.7 | 3.8 | -19.15% |
35 | NASCON | 12.95 | 10.5 | -18.92% |
36 | TRANSCOHOT | 4.9 | 4 | -18.37% |
37 | BOCGAS | 5.5 | 4.51 | -18.00% |
38 | IKEJAHOTEL | 1.12 | 0.95 | -15.18% |
39 | FIDELITYBK | 2.05 | 1.74 | -15.12% |
40 | NEM | 2.42 | 2.06 | -14.88% |
41 | FBNH | 6.15 | 5.25 | -14.63% |
42 | NESTLE | 1469.9 | 1256.8 | -14.50% |
43 | CAP | 24 | 20.65 | -13.96% |
44 | ACADEMY | 0.37 | 0.32 | -13.51% |
45 | ZENITHBANK | 18.6 | 16.1 | -13.44% |
46 | COURTVILLE | 0.23 | 0.2 | -13.04% |
47 | TRANSEXPR | 0.92 | 0.8 | -13.04% |
48 | UBA | 7.15 | 6.25 | -12.59% |
49 | TOTAL | 110.9 | 97.5 | -12.08% |
50 | DANGSUGAR | 13.6 | 12 | -11.76% |
51 | MANSARD | 1.98 | 1.76 | -11.11% |
52 | DANGCEM | 142 | 127 | -10.56% |
53 | TOURIST | 3.5 | 3.15 | -10.00% |
54 | UNIONDICON | 12.15 | 10.95 | -9.88% |
55 | GLAXOSMITH | 6.1 | 5.5 | -9.84% |
56 | MRS | 15.3 | 13.8 | -9.80% |
57 | CHELLARAM | 2.78 | 2.51 | -9.71% |
58 | LINKASSURE | 0.53 | 0.48 | -9.43% |
59 | INTERLINK | 3.2 | 2.91 | -9.06% |
60 | GOLDBREW | 0.89 | 0.81 | -8.99% |
61 | JOHNHOLT | 0.56 | 0.51 | -8.93% |
62 | CUSTODIAN | 6 | 5.5 | -8.33% |
63 | DAARCOMM | 0.36 | 0.33 | -8.33% |
64 | JAIZBANK | 0.62 | 0.57 | -8.06% |
65 | THOMASWY | 0.38 | 0.35 | -7.89% |
66 | MEYER | 0.54 | 0.5 | -7.41% |
67 | PRESTIGE | 0.55 | 0.51 | -7.27% |
68 | UACN | 8.6 | 8 | -6.98% |
69 | RTBRISCOE | 0.21 | 0.2 | -4.76% |
70 | PRESCO | 47.5 | 45.25 | -4.74% |
71 | NAHCO | 2.4 | 2.29 | -4.58% |
72 | UBN | 6.15 | 5.9 | -4.07% |
73 | HONYFLOUR | 0.99 | 0.95 | -4.04% |
74 | FIDSON | 3.1 | 2.98 | -3.87% |
75 | FLOURMILL | 19.7 | 19 | -3.55% |
76 | AUSTINLAZ | 2.09 | 2.03 | -2.87% |
77 | CAPHOTEL | 2.75 | 2.7 | -1.82% |
78 | UAC-PROP | 1 | 0.99 | -1.00% |
79 | JBERGER | 19.9 | 19.85 | -0.25% |
Source: NSE, Proshare Research
GlobalMarkets
TheNasdaq represents the only market to have closed H1 2020 in green with +12.11% return while others markets closed in red.The Austrian ATX and the Spanish Madrid General both recorded -29.50% and -24.85% lossrespectively to top the markets in red.
GlobalMarkets in H1 2020
S/N | Markets | Country | 31-Dec-19 | 30-Jun-20 | YTD (%) |
1 | Nasdaq | USA | 8972.6 | 10058.77 | 12.11% |
2 | SSE 180 Index (Shanghai) | China | 8972.92 | 8819.18 | -1.71% |
3 | SSE Composite Index (Shanghai) | China | 3084.69 | 3025.98 | -1.90% |
4 | KS11 | South Korea | 2176.67 | 2106.7 | -3.21% |
5 | Taiwan | 12100.48 | 11703.42 | -3.28% | |
6 | S&P500 | USA | 3230.78 | 3100.29 | -4.04% |
7 | Swiss Market Index | Switzerland | 10616.94 | 10056.03 | -5.28% |
8 | ^KLSE | Malaysia | 1595.83 | 1508.77 | -5.46% |
9 | DAX | Germany | 13249.01 | 12391.72 | -6.47% |
10 | Nikkei 225 | Japan | 23656.62 | 22121.73 | -6.49% |
11 | AEX General | Netherlands | 604.58 | 560.38 | -7.31% |
12 | MerVal | Argentina | 41671.41 | 38390.84 | -7.87% |
13 | All Share Index | Nigeria | 26842.07 | 24479.16 | -8.80% |
14 | Russia | 3050.47 | 2767.95 | -9.26% | |
15 | Dow Jones Ind. Avg. | USA | 28538.44 | 25812.88 | -9.55% |
16 | Canada | 17098.56 | 15389.72 | -9.99% | |
17 | All Ordinaries | Australia | 6810 | 6041 | -11.29% |
18 | IPC | Mexico | 43541.02 | 37716.43 | -13.38% |
19 | Hang Seng | Hong Kong | 28499.5 | 24427.19 | -14.29% |
20 | India | 12182.5 | 10302.1 | -15.44% | |
21 | BEL-20 | Belgium | 3955.83 | 3344.4 | -15.46% |
22 | All Share | Sri Lanka | 6129.21 | 5149.57 | -15.98% |
23 | IPSA | Chile | 3335.86 | 2784.46 | -16.53% |
24 | MIBTel | Italy | 23506.37 | 19447.02 | -17.27% |
25 | CAC 40 | France | 5978.06 | 4923.82 | -17.64% |
26 | Bovespa | Brazil | 115645.34 | 95055.82 | -17.80% |
27 | FTSE 100 | UK | 7542.44 | 6163.8 | -18.28% |
28 | Italy | 25890.37 | 21139.31 | -18.35% | |
29 | Straits Times(STI) | Singapore | 3238.07 | 2607.42 | -19.48% |
30 | PSEi | Phillipines | 7815.26 | 6207.7 | -20.57% |
31 | ^JKSE | Jakarta | 6271.11 | 4892.16 | -21.99% |
32 | Madrid General(IGBM) | Spain | 950.94 | 714.6 | -24.85% |
33 | ATX | Austria | 3186.94 | 2246.72 | -29.50% |
Source: NSE, Proshare Research
AfricanMarkets
Withinthe African Markets, the Zimbabwe ASI recorded +670.45%return in H1 2020 to top the chart and closely followed by +171.53% return by the Egypt EGX 70 while theMauritius SEM7 Index dipped by -26-99% to topthe markets with negative returns in H1 2020.
AfricanMarkets in H1 2020
S/N | Country | Markets | 31-Dec-19 | 30-Jun-20 | YTD (%) |
1 | Zimbabwe | All-Share Index | 232.17 | 1788.75 | 670.45% |
2 | Egypt | EGX 70 | 534.47 | 1451.26 | 171.53% |
3 | Egypt | EGX 100 | 1398.1 | 2245.56 | 60.62% |
4 | Rwanda Stock Exchange | RSE ASI | 123.4 | 150.19 | 21.71% |
5 | Botswana | FCI | 1562.43 | 1551.16 | -0.72% |
6 | Botswana | FRSI | 777.91 | 771.99 | -0.76% |
7 | Botswana | LASI | 843.79 | 837.17 | -0.78% |
8 | Malawi | Malawi All Share Index | 30252.2 | 29784.7 | -1.55% |
9 | Botswana | DRSI | 1054.79 | 1028.28 | -2.51% |
10 | Botswana | DCI | 7494.55 | 7176.6 | -4.24% |
11 | South Africa | JSE All Share Index | 57084.1 | 54484.09 | -4.55% |
12 | Tunisia | Tunisia BVMT Index | 7131.71 | 6627.87 | -7.06% |
13 | Lusaka | All-Share Index | 4264.51 | 3919.57 | -8.09% |
14 | Nigeria | NSE ASI | 26842.07 | 24479.16 | -8.80% |
15 | Tanzania | Dar es salaam Stock Exchange All Share Index | 2059.21 | 1830.13 | -11.12% |
16 | BRVM | BRVM-C | 159.24 | 135.86 | -14.68% |
17 | BRVM | BRVM-10 | 149.11 | 126.12 | -15.42% |
18 | Casablanca | Casablanca | 12171.9 | 10169.19 | -16.45% |
19 | Ghana | GSE Composite Index | 2254.61 | 1866.9 | -17.20% |
20 | Kenya | All-Share Index | 166.41 | 137.68 | -17.26% |
21 | Namibian | NSX Namibia | 1306.3 | 1054.97 | -19.24% |
22 | Egypt | EGX 30 | 13961.56 | 10764.59 | -22.90% |
23 | Mauritius | SEMTRI | 8309.75 | 6390.7 | -23.09% |
24 | Egypt | EGX20 Caped | 16350.32 | 12570.72 | -23.12% |
25 | Mauritius | SEMDEX | 2177.09 | 1662.61 | -23.63% |
26 | Uganda | All-Share Index | 1800.72 | 1369.84 | -23.93% |
27 | Mauritius | SEM7 | 429.86 | 313.84 | -26.99% |
Source: NSE, Proshare Research
In this edition of The Nigerian Capital MarketService Report, we continue the updates of our data section withlatest figures on Economic indicators & Upcoming Events in the market andeconomy. This is to ensure that we deliver a comprehensive capital marketservice report that helps cover and track innovations, developments as well asservice issues in the market effectively.
In all, the June 2020 SSS Quality Report isa snapshot and aide memoire of developments in our market - tracking milestonesthat the investing public should be aware of. Do feel free to share youropinions/observations and feedback with us vide [email protected]
Thank you.
For: Analyst Editorial Board
Reshu BAGGA
CEO, The Analyst
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