NSEASI Trades Towards 11-Month Low; YTD Loss Hits -7.44%

Proshare

Monday, August 13, 2018/ 05:45 PM / Proshare Research

Nigeria’s equities market maintained downtrend to extend its six-day losing streak as NSEASI dipped by -0.13% to open the first trading day of the week negative while NSEASI YTD loss hits -7.44% at the close of trading as at August 13th, 2018.

The continuous downtrend performance of the index at the close of trading, if sustained for the next few trading days, reflected that it is trading towards hitting its 11-month low. In a nutshell, the index continues to deep under water compared with the performance it recorded in 2017 as it closed the year with +42.30% gain.

Graph 1 : NSEASI Performance (YTD)

Proshare Nigeria Pvt. Ltd.

Source: NSE, Proshare Research

 

Sector Review

A review of the key sector performance revealed the NSE ASeM Index is the most hit with -25.51% YTD loss. NSE Industrial, Food and NSE Oil and Gas Indices followed closely with -14.20%, -13.30% and -9.40% YTD losses respectively.

However, NSE Insurance Index currently records +2.07% YTD gain to emerge as the index which currently trade in positive territories.

Proshare Nigeria Pvt. Ltd.

Source: NSE, Proshare Research

For more updates, visit the Proshare MARKETS Research Aide page.

 Proshare Nigeria Pvt. Ltd.



Related News

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

2.      Regional Stock Markets in Reverse

3.      The Benefits of the NSE New Market Structure

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

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

6.      5th #NSELSEConference discusses Attracting Global Capital for Nigeria’s Economic Development

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

8.     Buy And Sell Transaction Charges On The NSE

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

10.  NSE Migrates Access Bank, Lafarge, Seplat and UBA to Premium Board

11.   NSE Migrates Access Bank, Lafarge, Seplat And UBA To Premium Board On April 16

12.  2019 Elections Activities Beclouds Q2 Economic Outlook

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

14.  Lagos The Star of SSA Stock Markets in 2017

READ MORE:
Related News
SCROLL TO TOP