SF Markets Monthly Index Highlights: July 2016

Proshare

 

Tuesday, August 02, 2016 09:56 AM / ScottFree Markets

Monthly overview of the Nigerian financial markets as reflected through SF Markets equity and fixed income indices. SF Markets is a provider of innovative benchmark and tradable indices focused on the Sub-Saharan African region.

Equity: July Highlights

•   Apart from the Micro Cap Index, all other (NGN) equity indices had negative returns for the month of July. The best performing index was the SFNG Micro Cap Index, which returned 0.16% compared to 1.05% in June. 

•   Volatility for the SFNG Blue-Chip 30 Index (Large Cap stocks) in July was at 17.52% (down from 40.61% in June).

•   Currency Indices: The SFNG Blue-Chip 30 Index (USD) was down 14.24% while the SFNG Blue-Chip Index (EUR) was down 15.59% for the month of July.

•  The SFNG Total Share Index (representing 99.5% of the Nigerian equity market) had a 5.38% decrease in total market capitalisation from NGN 10.13trn (June) to NGN 9.59trn (July) while the free-float market capitalisation for the index decreased by 3.37% from NGN 3.66trn (June) to NGN 3.53trn (July).

•   Using the 6 month Average Daily Traded Value (ADTV) measure, liquidity for the SFNG Total Share Index in July came in at NGN 2.29bn (an increase from the NGN 2.23bn recorded in June).

•   In July, 12 companies in the SFNG Total Share Index had dividends go ex, compared to 7 companies in June. The dividend yield for the index in July came in at 5.95% compared to 5.54% in June.  

Sector Performance

•  The best performing sector in the SFNG Total Share Index for the month of July was Technology (0%) while the worst performing sector was Healthcare (-16.98%)

•   Barring the Technology sector which was unchanged, all other sectors in the SFNG Total Share Index had negative returns for the month of July.  

Security Performance

 Top 5 Performers

 

Worst 5 Performers

•    The best performing stock in the SFNG Total Share Index for the month of July was Mrs Oil Nigeria PLC (11.73%) while the worst performing stock was Skye Bank PLC (-32.69%).

Fixed Income: July Highlights

•   The Alpha Bond Index returned -2.47% in July while the Alpha Bond Index (USD) returned -13.49%.

•   Volatility for the Alpha Bond Index in July was at 15.15% (up from the 9.21% recorded in June).

•   The market value of the Alpha Bond Index decreased by 3.08% from NGN 4.915trn in June to NGN 4.763trn in July. The market value of the index represents 5.05% of Nigeria’s GDP.

•   For the month of July, the Alpha Bond Index had an Average Weighted Coupon of 13.24% (13.23% in June) and an Average Weighted Maturity of 9.07 years (9.05 years in June).

•  In July, the Average Weighted Coupon rate of the Alpha Bond Index came in at 0.80 points (i.e. 20%) below Nigeria’s inflation rate and 0.95 points (i.e.5%) below Nigeria’s interest rate.

•  The Yield to Maturity of the index increased from 14.26% in June to 15.58% in July.

•   Four bonds in the Alpha Bond Index had coupon payments in July.

•    There was a new addition to the Alpha Bond Index in July i.e. the 12.40 FGN 18-MAR-2036, increasing the component number of the index to 12. The bond was added due to its “Amount Outstanding” going above NGN 150bn.


 

 

 

 

 

 

 

SF Markets

Tel: +44 (0) 203 773 1499/8626/8627
Fax: +44 (0) 203 637 2785
Email: enquiries@scottfreemarkets.com
www.scottfreemarkets.com 

Related NEWS
1.  SF Markets Monthly Index Highlights: April 2016 
2. SF Markets Monthly Index Review for March 2016
3. 
SF Markets Monthly Index Highlights: May 2016

4.  SF Markets Monthly Index Highlights: June 2016

 

Related News
SCROLL TO TOP