The April 2020 Nigerian Capital Market Service Report - Proshare

Proshare

Friday, May 01, 2020 10:40 PM / Research@proshareng.com / Header Image Credit:  EcoGraphics


 Proshare Nigeria Pvt. Ltd.


Nigerian Equities Market closed the month of April 2020 in green as market witnessed bargain hunting during the month under review. The NSEASI inches up by +8.08% as against -18.75% loss recorded in the month of March 2020 while the NASD USI closed northwards with +1.16% gain recorded at the end of the month under review as against -1.10% loss in March 2020. The gain recorded in the NASD OTC Market erased the loss recorded in the previous month.

 

YTD, the NSEASI has dipped by -14.24% while the NASD USI inches up by +0.46% so far in the year.

 

On market development, regulation and investors protection, the Securities and Exchange Commission  published the guidelines for the Issuance Of Fixed Income Securities By Statutory Bodies In WASRA Member Countries. This move is expected to help achieve the objective of fostering Capital Market integration in West Africa.

 

Also, the Nigerian Stock Exchange has proposed an amendment to its listing requirements. The amendment will see The Exchange introduce a rule that will require Issuers to make shares available for trading on the listing day and also seek to provide a clearer description of Listing by Introduction.

 

Changes Due to COVID-19

 

Virtual Meetings

With COVID-19 being declared a global pandemic by the World Health Origination, constituted authorities, health experts and Centers for Disease Control (CDCs) have had to preach about hygiene and social distancing to reduce the spread of the virus.

 

Businesses and its regulators also had to begin to do things differently in compliance with the guidance from the health regulators. This, in a nutshell, brought about a new way to how Annual General Meetings are being held and conducted.

 

The Corporate Affairs Commission (CAC) in March 2020 issued guidelines for the conduct of AGMs using proxies. The details of the guidelines can be found here.

 

GTBank Plc was the first listed entity to hold its AGM following the guidelines issued by the CAC. Other entities followed suit as records showed that nine (9) companies held their AGMs virtually in the month of April 2020.


 Proshare Nigeria Pvt. Ltd.


S/N

Names of Company

AGM Date

1

Africa Prudential Plc

28-Apr-20

2

United Capital Plc

28-Apr-20

3

United Bank for Africa Plc

29-Apr-20

4

Transnational Corporation of Nigeria Plc

28-Apr-20

5

Transcorp Hotels Plc

28-Apr-20

6

FCMB Group Plc

28-Apr-20

7

FBN Holdings Plc

28-Apr-20

8

Custodian Investment Plc

15-Apr-20

9

Access Bank Plc

30-Apr-20

Source: NSE, Proshare Research

 

Stocks Trading at High and Low

Analysis on stocks trading at year high and low reflected that eleven (11) stocks are trading at their year high as at the end of April 2020 while thirty-four (34) stocks are trading at their year low within the period under review.

 

Performance review of the stocks trading at year high showed that they all recorded positive YTD return. EKOCORP lead the list with +41.18% YTD gain.

 

On the other hand, twenty-nine (29) stocks trading at year low recorded negative YTD return while five (5) closed flat. SKYVAN topped the list with -65.39% YTD loss.

 

7 Stocks Trading At Year High

SN

Ticker

30-Apr-20

YtD %

Yr high

Yr low

1

ABBEYBDS

              1.05

5.00%

         1.05

         1.00

2

BETAGLAS

           70.00

30.11%

      70.00

      53.80

3

EKOCORP

             6.00

41.18%

        6.00

         4.25

4

ETRANZACT

              2.61

0.00%

         2.61

         2.03

5

JBERGER

25.80

29.65%

25.80

19.90

6

LIVESTOCK

0.70

40.00%

0.70

0.46

7

MAYBAKER

2.70

39.90%

2.70

1.79

8

MOBIL

160.90

8.79%

160.90

133.20

9

MOBIL

160.90

8.79%

160.90

133.20

10

MORISON

0.60

20.00%

0.60

0.50

11

UNIONDAC

0.31

40.91%

0.31

0.20

Source: NSE, Proshare Research

 

34 Stocks Trading At Year Low

SN

Ticker

30-Apr-20

YtD %

Yr high

Yr low

1

ACADEMY

              0.31

-16.22%

        0.37

         0.31

2

ARBICO

              2.57

-26.78%

         3.51

         2.57

3

AUSTINLAZ

             2.03

-2.87%

        2.09

        2.03

4

BOCGAS

             3.65

-33.64%

        5.50

        3.65

5

CAPHOTEL

             2.70

-1.82%

         2.75

        2.70

6

CHELLARAM

             2.78

0.00%

        2.78

        2.78

7

DAARCOMM

             0.33

-8.33%

        0.36

        0.33

8

DEAPCAP

             0.33

-17.50%

        0.40

        0.33

9

GOLDBREW

0.81

-8.99%

0.89

0.81

10

GUINNESS

18.40

-38.77%

30.20

18.40

11

INFINITY

1.36

-2.16%

1.39

1.36

12

INTERLINK

2.91

-9.06%

3.20

2.91

13

JAPAULOIL

0.20

0.00%

0.26

0.20

14

JOHNHOLT

0.51

-8.93%

0.56

0.51

15

MBENEFIT

0.20

0.00%

0.21

0.20

16

MRS

13.80

-9.80%

15.30

13.80

17

NCR

2.00

-55.56%

4.50

2.00

18

NIGERINS

0.20

0.00%

0.22

0.20

19

OKOMUOIL

55.05

-0.99%

68.00

55.05

20

OMATEK

0.31

-38.00%

0.50

0.31

21

PRESCO

36.45

-23.26%

57.05

36.45

22

PRESTIGE

0.50

-9.09%

0.61

0.50

23

ROYALEX

0.20

-33.33%

0.33

0.20

24

RTBRISCOE

0.20

-4.76%

0.21

0.20

25

SEPLAT

494.40

-24.84%

605.00

490.10

26

SKYAVN

1.45

-65.39%

4.19

1.45

27

SOVRENINS

0.20

0.00%

0.22

0.20

28

THOMASWY

0.35

-7.89%

0.38

0.35

29

TOTAL

96.30

-13.17%

117.00

96.30

30

TOURIST

3.15

-10.00%

3.50

3.15

31

TRANSCOHOT

4.00

-18.37%

4.90

4.00

32

TRIPPLEG

0.58

-9.38%

0.64

0.58

33

UAC-PROP

0.77

-23.00%

1.08

0.77

34

UNIONDICON

10.95

-9.88%

12.15

10.95

Source: NSE, Proshare Research

 Proshare Nigeria Pvt. Ltd.

Penny Stocks 

Analysis on stocks listed revealed that one hundred and nine (109) stocks are currently trading as penny stocks as at April 30th, 2020. For the purpose of this analysis, stocks trading below the share price of N5 are considered as penny stocks.

 

Out of the 109 penny stocks, twelve (12) recorded positive YTD return, fifty-eight (58) recorded negative YTD return while thirty-nine (39) remained flat.

 

LAWUNION and UNIONDAC topped the list of penny stocks with +100% and +40.91% YTD returns while SKYAVN and NCR lead otherwise with -65.39% and -55.56% loss

 

SN

Ticker

30-Apr-20

YtD %

Yr high

Yr low

1

LAWUNION

1.00

100.00%

1.22

0.50

2

UNIONDAC

0.31

40.91%

0.31

0.20

3

LIVESTOCK

0.70

40.00%

0.70

0.46

4

MAYBAKER

2.70

39.90%

2.70

1.79

5

CORNERST

             0.55

22.22%

        0.69

        0.45

6

MORISON

0.60

20.00%

0.60

0.50

7

AIICO

             0.86

19.44%

         1.01

        0.67

8

VITAFOAM

4.96

12.73%

5.50

3.95

9

NPFMCRFBK

1.25

8.70%

1.36

0.85

10

LASACO

0.27

8.00%

0.29

0.20

11

ABBEYBDS

              1.05

5.00%

         1.05

        1.00

12

HONYFLOUR

1.00

1.01%

1.18

0.83

13

GSPECPLC

4.65

0.00%

4.65

4.65

14

NNFM

4.30

0.00%

4.30

4.30

15

ELLAHLAKES

              4.25

0.00%

        4.25

        4.25

16

NIG-GERMAN

3.62

0.00%

3.62

3.62

17

UNHOMES

3.02

0.00%

3.02

3.02

18

SCOA

2.93

0.00%

2.93

2.93

19

CHELLARAM

              2.78

0.00%

        2.78

        2.78

20

ETRANZACT

              2.61

0.00%

         2.61

        2.03

21

CWG

              2.54

0.00%

        2.54

        2.54

22

PORTPAINT

2.23

0.00%

2.23

2.23

23

STUDPRESS

1.99

0.00%

1.99

1.99

24

MEDVIEWAIR

1.62

0.00%

1.62

1.62

25

PHARMDEKO

1.50

0.00%

1.50

1.50

26

LINKASSURE

0.53

0.00%

0.62

0.38

27

ASOSAVINGS

             0.50

0.00%

        0.50

        0.50

28

EVANSMED

             0.50

0.00%

        0.50

        0.50

29

STACO

0.48

0.00%

0.48

0.48

30

INTENEGINS

0.38

0.00%

0.38

0.38

31

MULTITREX

0.36

0.00%

0.36

0.36

32

AFROMEDIA

             0.34

0.00%

        0.34

        0.34

33

AFRINSURE

             0.20

0.00%

        0.20

        0.20

34

DUNLOP

             0.20

0.00%

        0.20

        0.20

35

FTNCOCOA

0.20

0.00%

0.20

0.20

36

GOLDINSURE

0.20

0.00%

0.20

0.20

37

GUINEAINS

0.20

0.00%

0.20

0.20

38

JAPAULOIL

0.20

0.00%

0.26

0.20

39

MBENEFIT

0.20

0.00%

0.21

0.20

40

MULTIVERSE

0.20

0.00%

0.20

0.20

41

NIGERINS

0.20

0.00%

0.22

0.20

42

NSLTECH

0.20

0.00%

0.20

0.20

43

REGALINS

0.20

0.00%

0.20

0.20

44

RESORTSAL

0.20

0.00%

0.20

0.20

45

SOVRENINS

0.20

0.00%

0.22

0.20

46

STDINSURE

0.20

0.00%

0.20

0.20

47

SUNUASSUR

0.20

0.00%

0.20

0.20

48

TANTALIZER

0.20

0.00%

0.20

0.20

49

UNIC

0.20

0.00%

0.20

0.20

50

UNIVINSURE

0.20

0.00%

0.20

0.20

51

VERITASKAP

0.20

0.00%

0.20

0.20

52

NAHCO

2.38

-0.83%

2.95

2.03

53

CAPHOTEL

              2.70

-1.82%

         2.75

        2.70

54

INFINITY

1.36

-2.16%

1.39

1.36

55

TRANSEXPR

0.90

-2.17%

0.92

0.81

56

UCAP

2.34

-2.50%

3.54

1.90

57

AUSTINLAZ

             2.03

-2.87%

        2.09

        2.03

58

NEM

2.35

-2.89%

2.42

1.44

59

NEIMETH

0.60

-3.23%

0.62

0.40

60

IKEJAHOTEL

1.07

-4.46%

1.21

0.90

61

RTBRISCOE

0.20

-4.76%

0.21

0.20

62

FCMB

              1.72

-7.03%

        2.09

         1.45

63

MEYER

0.50

-7.41%

0.54

0.46

64

CAVERTON

              2.47

-7.49%

        2.95

        2.08

65

THOMASWY

0.35

-7.89%

0.38

0.35

66

DAARCOMM

             0.33

-8.33%

        0.36

        0.33

67

COURTVILLE

              0.21

-8.70%

        0.26

        0.20

68

AFRIPRUD

              3.65

-8.75%

        5.25

        3.20

69

LEARNAFRCA

1.03

-8.85%

1.24

0.90

70

JOHNHOLT

0.51

-8.93%

0.56

0.51

71

GOLDBREW

0.81

-8.99%

0.89

0.81

72

CUTIX

               1.21

-9.02%

         1.43

         1.16

73

INTERLINK

2.91

-9.06%

3.20

2.91

74

PRESTIGE

0.50

-9.09%

0.61

0.50

75

TRIPPLEG

0.58

-9.38%

0.64

0.58

76

TOURIST

3.15

-10.00%

3.50

3.15

77

JAIZBANK

0.55

-11.29%

0.72

0.39

78

FIDELITYBK

              1.79

-12.68%

         2.37

         1.53

79

CHAMPION

              0.81

-14.74%

        0.99

         0.71

80

ACADEMY

              0.31

-16.22%

        0.37

         0.31

81

UPL

1.06

-17.19%

1.31

0.90

82

DEAPCAP

             0.33

-17.50%

        0.40

        0.33

83

TRANSCOHOT

4.00

-18.37%

4.90

4.00

84

UPDCREIT

3.40

-20.00%

4.45

3.10

85

MANSARD

1.58

-20.20%

2.14

1.51

86

WEMABANK

0.59

-20.27%

0.79

0.44

87

FIDSON

              2.45

-20.97%

        2.80

         2.21

88

ABCTRANS

             0.35

-22.22%

        0.45

        0.27

89

UAC-PROP

0.77

-23.00%

1.08

0.77

90

CHIPLC

             0.30

-23.08%

        0.42

        0.25

91

WAPIC

0.26

-23.53%

0.38

0.21

92

VETBANK

2.72

-23.81%

4.04

2.34

93

FBNH

             4.60

-25.20%

         7.70

        3.70

94

PZ

4.20

-25.66%

5.85

3.75

95

ARBICO

              2.57

-26.78%

         3.51

         2.57

96

CHAMS

             0.23

-30.30%

        0.37

        0.20

97

UNITYBNK

0.44

-31.25%

0.80

0.40

98

ETI

              4.45

-31.54%

        8.00

        3.90

99

TRANSCORP

0.66

-33.33%

1.09

0.56

100

ROYALEX

0.20

-33.33%

0.33

0.20

101

BOCGAS

              3.65

-33.64%

        5.50

        3.65

102

REDSTAREX

2.90

-34.83%

4.45

2.73

103

STERLNBANK

1.28

-35.68%

2.04

0.99

104

VETGOODS

3.71

-37.65%

5.95

3.15

105

OANDO

2.48

-37.84%

3.99

1.89

106

OMATEK

0.31

-38.00%

0.50

0.31

107

ETERNA

              2.16

-40.00%

        3.60

         1.99

108

NCR

2.00

-55.56%

4.50

2.00

109

SKYAVN

1.45

-65.39%

4.19

1.45

Source: NSE, Proshare Research

 

Gainers and Losers

A review of the list of advancers and decliners during the lockdown period reflected that fifty-two (52) gainers were recorded while twenty-seven (27) losers were recorded.


 Proshare Nigeria Pvt. Ltd.


GLAXOSMITH and MAYBAKER lead the list of gainers during the lockdown while SKYAVN and CILEASING lead the list of losers during the lockdown.

 

Gainers During Lockdown

SN

Ticker

26-Mar-20

30-Apr-20

% Chg

1

GLAXOSMITH

3.50

5.35

52.86%

2

MAYBAKER

1.95

2.70

38.46%

3

DANGSUGAR

              9.00

            12.45

38.33%

4

NEM

1.72

2.35

36.63%

5

CONOIL

             13.15

            17.40

32.32%

6

LINKASSURE

0.41

0.53

29.27%

7

UNIONDAC

0.24

0.31

29.17%

8

LASACO

0.21

0.27

28.57%

9

WAPCO

9.30

11.80

26.88%

10

NEIMETH

0.48

0.60

25.00%

11

CADBURY

              6.20

              7.50

20.97%

12

NESTLE

765.00

920.20

20.29%

13

LIVESTOCK

0.59

0.70

18.64%

14

STERLNBANK

1.08

1.28

18.52%

15

NASCON

8.50

10.05

18.24%

16

ZENITHBANK

12.10

14.30

18.18%

17

UBA

5.15

6.05

17.48%

18

STANBIC

24.30

28.50

17.28%

19

JBERGER

22.00

25.80

17.27%

20

VITAFOAM

4.25

4.96

16.71%

21

GUARANTY

18.00

21.00

16.67%

22

OANDO

2.15

2.48

15.35%

23

AIICO

              0.75

             0.86

14.67%

24

FCMB

               1.50

              1.72

14.67%

25

WEMABANK

0.52

0.59

13.46%

26

JAIZBANK

0.49

0.55

12.24%

27

MTNN

100.00

112.00

12.00%

28

NB

26.80

30.00

11.94%

29

FBNH

               4.15

             4.60

10.84%

30

HONYFLOUR

0.91

1.00

9.89%

31

BERGER

               6.10

              6.70

9.84%

32

MOBIL

146.50

160.90

9.83%

33

CAVERTON

              2.25

              2.47

9.78%

34

MORISON

0.55

0.60

9.09%

35

NPFMCRFBK

1.15

1.25

8.70%

36

MEYER

0.46

0.50

8.70%

37

IKEJAHOTEL

0.99

1.07

8.08%

38

CHAMPION

              0.75

              0.81

8.00%

39

UPDCREIT

3.15

3.40

7.94%

40

ACCESS

               6.15

             6.60

7.32%

41

UPL

0.99

1.06

7.07%

42

NEWGOLD

6800.00

7280.00

7.06%

43

UCAP

2.20

2.34

6.36%

44

ETI

              4.20

              4.45

5.95%

45

LAWUNION

0.95

1.00

5.26%

46

FIDSON

              2.33

              2.45

5.15%

47

UNITYBNK

0.42

0.44

4.76%

48

NAHCO

2.30

2.38

3.48%

49

LEARNAFRCA

1.00

1.03

3.00%

50

UBN

6.60

6.75

2.27%

51

FLOURMILL

20.80

            21.00

0.96%

52

DANGCEM

          129.70

         130.00

0.23%

Source: NSE, Proshare Research

 

Losers During Lockdown

SN

Ticker

26-Mar-20

30-Apr-20

% Chg

1

SKYAVN

2.63

1.45

-44.87%

2

CILEASING

              6.85

              5.00

-27.01%

3

GUINNESS

25.20

18.40

-26.98%

4

PRESTIGE

0.60

0.50

-16.67%

5

UAC-PROP

0.92

0.77

-16.30%

6

ARDOVA

13.80

11.55

-16.30%

7

CUTIX

               1.40

               1.21

-13.57%

8

BOCGAS

              4.05

              3.65

-9.88%

9

ARBICO

              2.85

              2.57

-9.82%

10

MANSARD

1.75

1.58

-9.71%

11

ETERNA

              2.39

              2.16

-9.62%

12

SEPLAT

544.50

494.40

-9.20%

13

ROYALEX

0.22

0.20

-9.09%

14

JOHNHOLT

0.56

0.51

-8.93%

15

ACADEMY

              0.34

              0.31

-8.82%

16

OMATEK

0.34

0.31

-8.82%

17

BUACEMENT

            35.30

           32.60

-7.65%

18

UACN

7.30

6.90

-5.48%

19

CORNERST

              0.58

              0.55

-5.17%

20

PZ

4.40

4.20

-4.55%

21

AFRIPRUD

              3.80

              3.65

-3.95%

22

REDSTAREX

3.00

2.90

-3.33%

23

CAP

            21.50

           20.90

-2.79%

24

CUSTODIAN

              5.90

              5.75

-2.54%

25

CAPHOTEL

              2.75

              2.70

-1.82%

26

TRANSCORP

0.67

0.66

-1.49%

27

FIDELITYBK

               1.81

              1.79

-1.10%

Source: NSE, Proshare Research

 

In this edition of The Nigerian Capital Market Service Report, we continue the updates of our data section with latest figures on Economic indicators & Upcoming Events in the market and economy. This is to ensure that we deliver a comprehensive capital market service report that helps cover and track innovations, developments as well as service issues in the market effectively.

 

In all, the April 2020 SSS Quality Report is a snapshot and aide memoire of developments in our market - tracking milestones that the investing public should be aware of. Do feel free to share your opinions/observations and feedback with us vide research@proshareng.com

 

Thank you.

 

For: Analyst Editorial Board

Reshu BAGGA

CEO, The Analyst

 Proshare Nigeria Pvt. Ltd.


 Proshare Nigeria Pvt. Ltd.


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