Market Closes June 2018 in Green; Records 0.09 Gain in H1 2018

Proshare

Friday, June 29, 2018/ 05:20 PM / Proshare Research 

 

Nigerian Stock Market closes the month of June 2018 in green with +0.46% gain MoM and +0.09% YTD gains respectively. 

Similarly, majority of the NSE sector indices closed the month in green except for the Oil and Gas and NSE PREMIUM indices which recorded -6.64% and -3.00% losses respectively.

Despite the +0.09% marginal gain recorded in H1 2018, market closed most trading days in the first half of the year in negative territories and market analysts are of the view that the market will close H2 2018 as well as they year in green.

Bunmi Asaolu,  Head, Equities - FBNQuest Capital said, “Our view is that the macro outlook is still supportive, with oil prices remaining firm, and that this should offset potential uncertainty stemming from political risk going into H2 2018. Although we do not expect consensus earnings estimates to see significant upwards revisions through the rest of the year, valuations are yet to fully capture earnings outlook expectations, especially among the tier 1 banks. As such, we expect the index to recover lost ground, with a minimum of 10% gain by the end of the year.”

Table1: NSEASI and Sector Indices Performance Review

 Proshare Nigeria Pvt. Ltd.

 

JAPAULOIL topped the list of gainers in June 2018 with +71.43% gain recorded while CILEASING and NEM followed closely with +55.64% and 25.00% respectively.

Among the top ten gainers, financial services sector dominated the list with three (3) stocks while both Services and Consumer goods sectors have two (2) representations. Oil and Gas, Agriculture and Construction/Real Estate have one (1) representation each.

Table 2: Top Ten Gainers in June 2018

 Proshare Nigeria Pvt. Ltd.

 

topped the list of losers in June 2018 with -13.64% loss recorded while SEPLAT  and HMARKINS followed closely with -12.54% and -12.12% loss respectively.

Among the top ten losers, Industrial good sector dominated the list with three (3) stocks while healthcare, oil and gas, have two (2). Financial services, consumer goods and conglomerates have one (1) representation each.
 

Table3: Top Ten Losers in June 2018

 Proshare Nigeria Pvt. Ltd.

 

Table 4: All Stocks

Proshare Nigeria Pvt. Ltd.


Proshare Nigeria Pvt. Ltd.


Related News

1.       Market Closes May 2018 in Red; Records -0.36 YTD Loss

2.      NSE Reviews Equities Market Structure to Improve Liquidity and Participation

3.      5th #NSELSEConference discusses Attracting Global Capital for Nigeria’s Economic Development

4.      Domestic and Foreign Portfolio Participation in Equity Trading – April 2018

5.      Fine Start by Lagos, and Now a lack of Direction

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

7.      Domestic and Foreign Portfolio Participation in Equity Trading – December 2017

8.     NSE Reviews 2017 Market Performance and Gives Outlook for 2018

9.      Financial Services Sector is the Most Capitalized Sector; Contributes 31.62% to Total Market CAP

10.  Lagos The Star of SSA Stock Markets in 2017

11.   Equity Market Ready for Another Rally in 2018

12.  DANGFLOUR, DIAMONDBNK Are Likely Incoming Stocks in NSE Market Indices

13.  DANGSUGAR, INTBREW Top Gainers as MORISON, JAIZBANK Top Losers in 2017

READ MORE:
Related News
SCROLL TO TOP