The June 2020 Nigerian Capital Market Service Report - Proshare

Proshare

Friday, July 03, 2020 10:00 PM / Research@proshareng.com / Header Image Credit: EcoGraphics


 Proshare Nigeria Pvt. Ltd.


Nigerian Stock Market closed the month of June 2020 in red as market witnessed renewed sell pressure during the month under review. The NSEASI dipped by -3.12% as against +9.76% gain recorded in the month of May 2020 while the NASD USI closed northwards with +3.48% gain recorded at the end of the month under review as against -1.32% loss in May 2020.

 

YTD, the NSEASI has dipped by -8.80% while the NASD USI inched up by +2.58% so far in the year.

 

Furthermore, the NSEASI ended Q2 2020 in the positive territory with +14.92% gain recorded as against -3.46% loss in Q2 2019 while the NASD USI also closed the quarter northwards with +3.29% gain recorded as against -1.51% loss in Q2 2019.

 

On market development, regulation and investors protection, the Securities and Exchange Commission, sequel to its publication of new Rules relating to Collective Investment Schemes in December 2019, the Commission further issued some clarifications to facilitate effective compliance with its new CIS Rules.

 

Also, the Nigerian Stock Exchange announced the result of the Half Year 2020 Market Index Review. This has led to the entry and exit of some companies from some indices which will take effect when the market opens on Wednesday, July 1, 2020.

 


Proshare Nigeria Pvt. Ltd.


Half Year 2020 Markets Review

The half year 2020 markets review done in the Capital Market Service Report for June 2020 focused on the following;

  1. Market Performance in H1 2020
  2. Gainers and Losers in H1 2020
  3. Global Markets; and
  4. African Markets

 

Market Performance in H1 2020

A review of the NSE sector indices performance in H1 2020 revealed that NSE Insurance, Industrial and ASeM Indices all closed green with +3.10%, +2.63% and +0.96% gains while NSE Consumer Goods and CG Indices recorded -22.26% return to top the indices in red.

 

Market Performance

Sectors

31-Dec-19

30-Jun-20

YTD % Chg

NSE ASI

   26,842.07

     24,479.22

-8.80%

NSE-30

       1,177.83

       1,052.09

-10.68%

NSE Consumer Goods

      1,087.37

          845.36

-22.26%

NSE Banking

         356.84

           281.96

-20.98%

NSE Insurance

         125.82

           129.72

3.10%

NSE Oil and Gas

         262.54

           196.47

-25.17%

NSE LII

      1,834.76

       1,825.74

-0.49%

NSE-IND

      1,075.60

       1,103.86

2.63%

NSE-ASeM

         734.99

          742.08

0.96%

NSE Pension

     1,054.06

           953.14

-9.57%

NSE Premium

      2,116.22

        2,125.17

0.42%

NSE Main Board

      1,151.80

       1,033.03

-10.31%

NSECG

      1,087.37

          845.36

-22.26%

NSEAFRBVI

        988.09

           768.52

-22.22%

NSEAFRHDYI

      1,384.95

       1,369.95

-1.08%

NSEMERIGRW

      1,393.54

        1,247.37

-10.49%

NSEMERIVAL

      1,429.74

       1,262.99

-11.66%

Dangote Index

            76.35

             68.15

-10.74%

Elumelu Index

            88.15

              75.27

-14.61%

 

Gainer and Losers in H1 2020 on NSE

At the end of H1 2020, market recorded thirty-four (34) gainers to seventy-nine (79) losers.

 

NEIMETH and LAWUNION topped the list of gainers with +166.13% and +106.00% returns while INTBREW and NCR topped the losers' chart with -56.84% and -55.56% returns respectively.


 Proshare Nigeria Pvt. Ltd.


Gainers in H1 2020

S/No

Symbol

31-Dec-19

30-Jun-20

YTD

1

NEIMETH

0.62

1.65

166.13%

2

LAWUNION

0.5

1.03

106.00%

3

OMOSAVBNK

0.55

0.9

63.64%

4

MAYBAKER

1.93

2.87

48.70%

5

EKOCORP

4.25

6

41.18%

6

OKOMUOIL

55.6

77.4

39.21%

7

MOBIL

147.9

192.6

30.22%

8

AIICO

0.72

0.92

27.78%

9

VITAFOAM

4.4

5.59

27.05%

10

BETAGLAS

53.8

68.35

27.04%

11

ABCTRANS

0.45

0.56

24.44%

12

LIVESTOCK

0.5

0.62

24.00%

13

UNIONDAC

0.22

0.27

22.73%

14

CORNERST

0.45

0.55

22.22%

15

CUTIX

1.33

1.6

20.30%

16

MORISON

0.5

0.6

20.00%

17

CONOIL

18.5

21

13.51%

18

MTNN

105

117.5

11.90%

19

SKYESHELT

85.5

95

11.11%

20

UHOMREIT

40.7

45.2

11.06%

21

BUACEMENT

35

38.7

10.57%

22

INTENEGINS

0.38

0.42

10.53%

23

AIRTELAFRI

298.9

328.7

9.97%

24

NPFMCRFBK

1.15

1.25

8.70%

25

MCNICHOLS

0.46

0.5

8.70%

26

UCAP

2.4

2.55

6.25%

27

ABBEYBDS

1

1.05

5.00%

28

JAPAULOIL

0.2

0.21

5.00%

29

MBENEFIT

0.2

0.21

5.00%

30

REGALINS

0.2

0.21

5.00%

31

FCMB

1.85

1.93

4.32%

32

LEARNAFRCA

1.13

1.17

3.54%

33

WAPIC

0.34

0.35

2.94%

34

AFRIPRUD

4

4.11

2.75%

Source: NSE, Proshare Research

 

Losers in H1 2020

S/No

Symbol

31-Dec-19

30-Jun-20

YTD

1

INTBREW

9.5

4.1

-56.84%

2

NCR

4.5

2

-55.56%

3

GUINNESS

30.05

14.5

-51.75%

4

OMATEK

0.5

0.26

-48.00%

5

ARBICO

3.51

1.89

-46.15%

6

OANDO

3.99

2.3

-42.36%

7

SEPLAT

657.8

386

-41.32%

8

AFROMEDIA

0.34

0.2

-41.18%

9

NB

59

36.1

-38.81%

10

ETERNA

3.6

2.24

-37.78%

11

STERLNBANK

1.99

1.25

-37.19%

12

CHAMS

0.33

0.21

-36.36%

13

CADBURY

10.55

6.75

-36.02%

14

FO(ARDOVA)

18.1

11.8

-34.81%

15

WAPCO

15.3

10

-34.64%

16

ACCESS

10

6.55

-34.50%

17

TRANSCORP

0.99

0.65

-34.34%

18

UNILEVER

22

15.3

-30.45%

19

SKYAVN

4.19

2.93

-30.07%

20

REDSTAREX

4.45

3.15

-29.21%

21

PZ

5.65

4

-29.20%

22

WEMABANK

0.74

0.54

-27.03%

23

STANBIC

41

30.25

-26.22%

24

CAVERTON

2.67

1.98

-25.84%

25

GUARANTY

29.7

22.05

-25.76%

26

DEAPCAP

0.4

0.3

-25.00%

27

UNITYBNK

0.64

0.48

-25.00%

28

ETI

6.5

4.95

-23.85%

29

ROYALEX

0.3

0.23

-23.33%

30

HMARKINS

0.39

0.3

-23.08%

31

CILEASING

5.9

4.6

-22.03%

32

TRIPPLEG

0.64

0.5

-21.88%

33

UPL

1.28

1.01

-21.09%

34

UPDCREIT

4.7

3.8

-19.15%

35

NASCON

12.95

10.5

-18.92%

36

TRANSCOHOT

4.9

4

-18.37%

37

BOCGAS

5.5

4.51

-18.00%

38

IKEJAHOTEL

1.12

0.95

-15.18%

39

FIDELITYBK

2.05

1.74

-15.12%

40

NEM

2.42

2.06

-14.88%

41

FBNH

6.15

5.25

-14.63%

42

NESTLE

1469.9

1256.8

-14.50%

43

CAP

24

20.65

-13.96%

44

ACADEMY

0.37

0.32

-13.51%

45

ZENITHBANK

18.6

16.1

-13.44%

46

COURTVILLE

0.23

0.2

-13.04%

47

TRANSEXPR

0.92

0.8

-13.04%

48

UBA

7.15

6.25

-12.59%

49

TOTAL

110.9

97.5

-12.08%

50

DANGSUGAR

13.6

12

-11.76%

51

MANSARD

1.98

1.76

-11.11%

52

DANGCEM

142

127

-10.56%

53

TOURIST

3.5

3.15

-10.00%

54

UNIONDICON

12.15

10.95

-9.88%

55

GLAXOSMITH

6.1

5.5

-9.84%

56

MRS

15.3

13.8

-9.80%

57

CHELLARAM

2.78

2.51

-9.71%

58

LINKASSURE

0.53

0.48

-9.43%

59

INTERLINK

3.2

2.91

-9.06%

60

GOLDBREW

0.89

0.81

-8.99%

61

JOHNHOLT

0.56

0.51

-8.93%

62

CUSTODIAN

6

5.5

-8.33%

63

DAARCOMM

0.36

0.33

-8.33%

64

JAIZBANK

0.62

0.57

-8.06%

65

THOMASWY

0.38

0.35

-7.89%

66

MEYER

0.54

0.5

-7.41%

67

PRESTIGE

0.55

0.51

-7.27%

68

UACN

8.6

8

-6.98%

69

RTBRISCOE

0.21

0.2

-4.76%

70

PRESCO

47.5

45.25

-4.74%

71

NAHCO

2.4

2.29

-4.58%

72

UBN

6.15

5.9

-4.07%

73

HONYFLOUR

0.99

0.95

-4.04%

74

FIDSON

3.1

2.98

-3.87%

75

FLOURMILL

19.7

19

-3.55%

76

AUSTINLAZ

2.09

2.03

-2.87%

77

CAPHOTEL

2.75

2.7

-1.82%

78

UAC-PROP

1

0.99

-1.00%

79

JBERGER

19.9

19.85

-0.25%

Source: NSE, Proshare Research

 

Global Markets

The Nasdaq represents the only market to have closed H1 2020 in green with +12.11% return while others markets closed in red. The Austrian ATX and the Spanish Madrid General both recorded -29.50% and -24.85% loss respectively to top the markets in red.

 

Global Markets in H1 2020

S/N

Markets

Country

31-Dec-19

30-Jun-20

YTD (%)

1

Nasdaq

USA

8972.6

10058.77

12.11%

2

SSE 180 Index (Shanghai)

China

8972.92

8819.18

-1.71%

3

SSE Composite Index (Shanghai)

China

3084.69

3025.98

-1.90%

4

KS11

South Korea

2176.67

2106.7

-3.21%

5

Taiwan Weighted

Taiwan

12100.48

11703.42

-3.28%

6

S&P500

USA

3230.78

3100.29

-4.04%

7

Swiss Market Index

Switzerland

10616.94

10056.03

-5.28%

8

^KLSE

Malaysia

1595.83

1508.77

-5.46%

9

DAX

Germany

13249.01

12391.72

-6.47%

10

Nikkei 225

Japan

23656.62

22121.73

-6.49%

11

AEX General

Netherlands

604.58

560.38

-7.31%

12

MerVal

Argentina

41671.41

38390.84

-7.87%

13

All Share Index

Nigeria

26842.07

24479.16

-8.80%

14

MICEX Index

Russia

3050.47

2767.95

-9.26%

15

Dow Jones Ind. Avg.

USA

28538.44

25812.88

-9.55%

16

S&P/TSX Composite Index

Canada

17098.56

15389.72

-9.99%

17

All Ordinaries

Australia

6810

6041

-11.29%

18

IPC

Mexico

43541.02

37716.43

-13.38%

19

Hang Seng

Hong Kong

28499.5

24427.19

-14.29%

20

NIFTY

India

12182.5

10302.1

-15.44%

21

BEL-20

Belgium

3955.83

3344.4

-15.46%

22

All Share

Sri Lanka

6129.21

5149.57

-15.98%

23

IPSA

Chile

3335.86

2784.46

-16.53%

24

MIBTel

Italy

23506.37

19447.02

-17.27%

25

CAC 40

France

5978.06

4923.82

-17.64%

26

Bovespa

Brazil

115645.34

95055.82

-17.80%

27

FTSE 100

UK

7542.44

6163.8

-18.28%

28

S&P/MIB Index

Italy

25890.37

21139.31

-18.35%

29

Straits Times(STI)

Singapore

3238.07

2607.42

-19.48%

30

PSEi

Phillipines

7815.26

6207.7

-20.57%

31

^JKSE

Jakarta

6271.11

4892.16

-21.99%

32

Madrid General(IGBM)

Spain

950.94

714.6

-24.85%

33

ATX

Austria

3186.94

2246.72

-29.50%

Source: NSE, Proshare Research

 

African Markets

Within the African Markets, the Zimbabwe ASI recorded +670.45% return in H1 2020 to top the chart and closely followed by +171.53% return by the Egypt EGX 70 while the Mauritius SEM7 Index dipped by -26-99% to top the markets with negative returns in H1 2020.

 

African Markets in H1 2020

S/N

Country

Markets

31-Dec-19

30-Jun-20

YTD (%)

1

Zimbabwe

All-Share Index

232.17

1788.75

670.45%

2

Egypt

EGX 70

534.47

1451.26

171.53%

3

Egypt

EGX 100

1398.1

2245.56

60.62%

4

Rwanda Stock Exchange

RSE ASI

123.4

150.19

21.71%

5

Botswana

FCI

1562.43

1551.16

-0.72%

6

Botswana

FRSI

777.91

771.99

-0.76%

7

Botswana

LASI

843.79

837.17

-0.78%

8

Malawi

 Malawi All Share Index 

30252.2

29784.7

-1.55%

9

Botswana

DRSI

1054.79

1028.28

-2.51%

10

Botswana

DCI

7494.55

7176.6

-4.24%

11

South Africa

JSE All Share Index

57084.1

54484.09

-4.55%

12

Tunisia

Tunisia BVMT Index

7131.71

6627.87

-7.06%

13

Lusaka

All-Share Index

4264.51

3919.57

-8.09%

14

Nigeria

NSE ASI

26842.07

24479.16

-8.80%

15

Tanzania

Dar es salaam Stock Exchange All Share Index

2059.21

1830.13

-11.12%

16

BRVM

BRVM-C

159.24

135.86

-14.68%

17

BRVM

BRVM-10

149.11

126.12

-15.42%

18

Casablanca

Casablanca

12171.9

10169.19

-16.45%

19

Ghana

GSE Composite Index

2254.61

1866.9

-17.20%

20

Kenya

All-Share Index

166.41

137.68

-17.26%

21

Namibian

NSX Namibia

1306.3

1054.97

-19.24%

22

Egypt

EGX 30

13961.56

10764.59

-22.90%

23

Mauritius

SEMTRI

8309.75

6390.7

-23.09%

24

Egypt

EGX20 Caped

16350.32

12570.72

-23.12%

25

Mauritius

SEMDEX

2177.09

1662.61

-23.63%

26

Uganda

All-Share Index

1800.72

1369.84

-23.93%

27

Mauritius

SEM7

429.86

313.84

-26.99%

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 June 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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 Proshare Nigeria Pvt. Ltd. 

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