Capital Market | |
Capital Market | |
4809 VIEWS | |
![]() |
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
Related News From Proshare 2018 Review and 2019 Outlook Report - Surviving Uncertain Times In The Nigerian Financial Market
1. Proshare NCM 2018 Review and 2019 Outlook (7) - Bond Market: Safety In A Season Of Uncertainty
2. Proshare NCM 2018 Review and 2019 Outlook (6) - Mutual Funds -A Tale of Mixed Fortunes
3. Proshare NCM 2018 Review and 2019 Outlook (5) - Market Records 8.53% Growth in Q1’18; Negative Sentiment Permeates in Subsequent Quarters
4. Proshare NCM 2018 Review and 2019 Outlook (4) - Economic Indicators: Moving Forward Slowly
5. Proshare NCM 2018 Review and 2019 Outlook (3) - African Markets Still Depressed
6. Proshare NCM 2018 Review and 2019 Outlook (2)- Global Market in Tumbles
7. Proshare NCM 2018 Review and 2019 Outlook (1)- Surviving Uncertain Times in the Nigerian Financial Market
Related News
1. Glimmer Of Hope - Macro and Markets: 2018 Review and 2019 Outlook
2. Nigeria 2019 Research Outlook: One Hurdle In Q1, Others To Follow
3. NSR H1 2019 (9) - Fixed Income - Will Yields Hump or Shift?
4. Global Foreign Investment Flows Dip To Lowest Levels In A Decade
5. Discourse on Nigeria’s Investment Outlook 2019
6. NSR H1 2019 (8) - Nigerian Fiscal - More Strain On FG Finances
7. Fitch Ratings: Global Growth Outlook Dented Not Dismantled
8. NSR H1 2019 (7) - Monetary Policy - Maintaining The Narrative
9. Surviving Uncertain Times in the Nigerian Financial Market
10. NSR H1 2019 (6) - Nigerian Inflation - Boiling Below The Surface
11. Afrinvest Economic and Financial Market: 2018 Review and 2019 Outlook - On The Precipice
12. NSR H1 2019 (5) - Currency - A Test Of Nerves And Resilience
13. Coronation Research Issues 2019 Economic Outlook for Nigeria; A Tale of Two Halves
14. NSR H1 2019 (4) - Domestic Economy - Stable Growth In Dire Need Of Fresh Impetus
15. NSR H1 2019 (3) - Crude Oil - Not Great But Not All Gloom Either
16. Meristem 2019 Outlook Report - Resilience in Vulnerability
17. NSR H1 2019 (2) - MEA Region: A Year of Fragile Growth
18. NSR H1 2019 (1) - Global Growth: New Year, Same Rhetoric, Matching Growth
19. 5 Key Global Developments to Watch in 2019
20. Nigeria Outlook 2019: Sailing Through The Storm
21. FSDH Research Expects Modest Recovery in Equities’ Market in 2019
22. Nigeria Economic Outlook Conference 2019
23. Nigeria 2019 Outlook - As The Dominoes Fall