Thursday, December 14, 2017 /04:05PM / Proshare Research
Nigerian Stock Market performance in 2017 has been
very bullish. NSE ASI remained in the positive territory in terms of YTD performance
review in most trading days of the year after trading in the negative territory
in most trading days in Q1 2017.
The index currently records +43.39% YTD gain as at 13th December,
Stock market closed the month of January
2017 with a loss of -3.12%. This
represents the highest monthly loss recorded so far in 2017 while the +14.52% gain
recorded in May 2017 represented the highest monthly gain recorded in 2017.
The market has so
far recorded +1.56% gain
in December as 13th December, 2017.
Market quarterly performance review
reveals that NSE ASI recorded -5.05% loss
in Q1’17 while the index retracted in Q2’17 with +29.79% gain to clear previous quarter losses.
In Q3’17, the index went up by +7.01% while it has also maintained further growth in
Q4’17 as it has recorded +8.73% gain
as at 13th December,
The NSE banking index records the
highest YTD gain so far in 2017. The index currently record +72.97% YTD
gains as at 13th
December, 2017, an impressive return for the banking sector Stocks, while
at the end of 2016, it closed with +2.17% gain.
The NSE consumer goods
index currently records +37.52 YTD return as at 13thDecember,
2017. The performance simply mirrors that the
FMCGs companies made a rebound from negative return same time last year.
At the end of 2016,
the index dropped by -4.49% , its
current performance represents a retraction of previous year’s loss.
NSE Oil & Gas
The NSE oil & gas index
is the only index out of the 5 key sector indices that currently records a
negative YTD return as at 13th December, 2017. It
currently stands at -6.75%.
The index dropped
by -12.31% at the end of 2016. its current
performance represents an extension of previous year’s loss.
The NSE insurance index
records +9.60% YTD gain as at 13th December,
2017. The index dropped by -11.44% at the
end of 2016.
The NSE industrial index currently
records a YTD gain of +26.86% as at 13th December, 2017. It dropped
by -26.37% in
2016. Also, its current performance represents a retraction of previous year’s
Also, the strong growth regime enjoyed by the Nigerian
Stock Exchange Sectoral Indices extended to sectors like NSE Pension (71.82%) ,
NSE Premium (55.98%), NSE 30 (46.44%), NSE Main Board (41.45%), NSE LII (38.72%) respectively. While , NSE AseM (-3.62%) currently enjoys the unenviable status of
Black Sheep of the Family.