Market Closes February 2018 in Red; Records 13.30% YTD Gain

Thursday, March 01, 2018/ 02.50 PM / Proshare Research 

Nigerian Stock Market closes the month of February 2018 in red with -2.28% loss recorded as against +15.95% gain recorded in January 2018 and +42.30% gain in 2017 respectively. 

Market YTD return currently stands at +13.30% gain as at February 28^th, 2018. 

Similarly, majority of the NSE sector indices closed the month in red except for the NSE Insurance index which recorded +0.06% gain.

LINKASSURE topped the list of gainers in February 2018 with +24.64% gain recorded while UNITYBNK and NEM followed closely with +17.11% and +16.02% gain respectively. 

Among the top ten gainers, financial services sector dominated the list with five (5) stocks while industrial goods sector has two (2) representation. Consumer goods, healthcare and services sector has one (1) representation each.

HMARKINS topped the list of gainers in February 2018 with -48.00% loss recorded while UNIC and COURTVILLE followed closely with -47.83% and -46.00% loss respectively. 

Among the top ten gainers, financial services sector dominated the list with eight (8) stocks while ICT and Natural Resources sectors has one (1) representation each.

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