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Sunday, January 27, 2019 6:30AM /Proshare Research
Market Snapshot
Trading activities in the Nigerian equities market closed the year 2018 with a -17.81% YTD loss as against a +42.30% YTD gain and -6.17% YTD loss recorded in 2017 and 2016 respectively.
Analysis of market turnover revealed that total volume traded increased by +5.92% in 2018 as against +25.49% growth recorded in 2017. Also, total value traded increased by +2.06% in 2018 as against +112.80% growth in 2017.
The market recorded 32 gainers and 109 losers in 2018 as against 65 gainers to 42 losers in 2017.
| Market Snapshot | |||
| | Year 2018 | Year 2017 | % Chg |
| Total Volume Traded | 100,924,212,486.00 | 95,286,190,696.00 | 5.92% |
| Total Value Traded | 1,202,323,939,740.13 | 1,178,106,732,742.63 | 2.06% |
| No of Deals | 1,047,303.00 | 947,978.00 | 10.48% |
| No of Equities Listed | 169 | 172 | -1.74% |
| Gainers | 32 | 65 | -50.77% |
| Losers | 109 | 42 | 159.52% |
| Unchanged | 28 | 65 | -56.92% |
Source: TheAnalyst
Volume and Value by Sector
Financial services sector trumped other sectors with a 74.22% contribution to total volume traded on the Exchange in 2018 as against 70.57% contribution recorded in 2017. Conglomerates and Consumer Goods sectors followed closely on the table.
Financial services traded 74.90 bln volumes in 2018 to lead the pack, Conglomerates and Consumer Goods sectors came in second and third with 9.82bln and 5.34 bln traded volumes respectively while the Natural resources sector traded the least volume with 144.28 mln units traded.
Source: TheAnalyst
Top 4 Equity Transaction
Our Analysis of equity transactions by volume reveals that TRANSCORP topped the volume of equities traded as 9.41 bln units of share were traded in 2018; ZENITHBANK followed with 7.45 bln units while FCMB came third with 6.40 bln units.
| Top 4 Equity Transactions by Volume in 2018 | |||
| Company | Total Deals | Total Volume | Total Value |
| TRANSCORP | 34,214.00 | 9,409,813,053.00 | 19,544,975,527.82 |
| ZENITHBANK | 85,699.00 | 7,458,759,867.00 | 196,243,148,515.89 |
| FCMB | 32,467.00 | 6,830,437,782.00 | 15,987,529,351.75 |
| ACCESS | 44,067.00 | 6,401,992,558.00 | 70,323,785,122.19 |
| Top 4 Total | 196,447.00 | 30,101,003,260.00 | 302,099,438,517.65 |
| Grand Total | 1,047,303.00 | 100,924,212,486.00 | 1,202,323,939,740.13 |
| Source: TheAnalyst | |||
Similarly, analysis of equity transaction by value reveals that GUARANTY topped activities with N212.38bn share value traded in 2018; ZENITHBANK followed with N196.24bn share value while NB came in third with N93.09bn share value transacted in the course of the year, 2018.
| Top 4 Equity Transactions by Value in 2018 | |||
| Company | Total Deals | Total Volume | Total Value |
| GUARANTY | 57,799.00 | 5,152,468,260.00 | 212,378,737,893.16 |
| ZENITHBANK | 85,699.00 | 7,458,759,867.00 | 196,243,148,515.89 |
| NB | 28,776.00 | 792,417,224.00 | 93,099,540,983.51 |
| STANBIC | 7,075.00 | 1,700,999,566.00 | 88,049,709,598.36 |
| Top 4 Total | 179,349.00 | 15,104,644,917.00 | 589,771,136,990.92 |
| Grand Total | 1,047,303.00 | 100,924,212,486.00 | 1,202,323,939,740.13 |
| Source: TheAnalyst | |||
Do feel free to share your opinions/observations and feedback with us vide content@proshareng.com and/or research@proshareng.com
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