NSEASI Dips to 10-Month Low; Records -5.26% YTD Loss

Proshare

Friday, August 10, 2018/ 04:05 PM / Proshare Research

As sell-off continues in the Nigerian Stock Market, the NSEASI yesterday dropped to its 10-month low after closing the day with -0.19% loss. This pushed the NSEASI YTD to -5.26% at the close of trading as at August 9th, 2018.

The index has maintained downward trajectory since May 2018 as its cut the year’s average performance on the 31st of May, 2018 to record first YTD negative return of -0.36%, lowest YTD performance since 21st of April 2017. It however turned positive in June 2018.

Apparently, the index is deeply under water compared with the performance in 2017 as it closed the year with +42.30% gain.

Figure 1 : NSEASI Performance(YTD)

Proshare Nigeria Pvt. Ltd.

Source: NSE, Proshare Research

Sector Review

A review of the sector performance revealed the NSE ASeM Index is the most hit with -25.51% YTD loss. NSE Food, Oil and Gas and NSE Industrial Indices followed closely with -13.36%, -9.55% and -9.32% loss respectively.

However, NSE Insurance Index currently records +3.05% YTD and NSE Premium with +2.12% YTD gain to emerge as indices with currently trade in positive territories.

 

Sectors/ASI

29-Dec-17

09-Aug-18

Chg(%)

NSEASI

    38,243.19

36,232.66

-5.26%

NSE-30

1,746.68

1,629.34

-6.72%

Food and Beverages

976.1

845.69

-13.36%

Banking

475.44

458.92

-3.47%

Insurance

139.37

143.62

3.05%

Oil and Gas

330.69

299.11

-9.55%

NSE LII

2,560.39

2,477.50

-3.24%

NSE-IND

1,975.59

1,791.40

-9.32%

NSE-ASeM

1,087.32

809.92

-25.51%

NSE PENSION

1,379.74

1,355.57

-1.75%

NSE PREMIUM

2,564.13

2,618.42

2.12%

NSE MAIN BOARD

1,713.69

1,603.38

-6.44%

Source: NSE, Proshare Research


Top Ten YTD Gainers

CCNN and GOLINSURE top the list of top ten YTD gainers in 2018.

Proshare Nigeria Pvt. Ltd.

Source: NSE, Proshare Research

 

Top Ten YTD Losers

FTNCOCOA and UNIC top the list of top ten YTD losers in 2018.

Proshare Nigeria Pvt. Ltd.

Source: NSE, Proshare Research

For more updates, visit the Proshare MARKETS Research Aide


Proshare Nigeria Pvt. Ltd.

 

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