The September 2020 Nigerian Capital Market Service Report - Proshare

Proshare

Wednesday, October 07, 2020 08:00 AM / Research@proshareng.com / Header Image Credit: EcoGraphics

 

 Proshare Nigeria Pvt. Ltd.


Nigerian Equities Market closed the month of September 2020 positive as market witnessed improved bargain hunting during the month under review. The NSEASI inched up by +5.94% as against +2.57% gain recorded in the month of August 2020 while the NASD USI closed northwards with +3.18% gain recorded at the end of the month under review as against +1.47% gain in August 2020.

 

Furthermore, the NSEASI ended Q3 2020 in the positive territory with +9.61% gain as against +14.92% gain in Q2 2020 and -20.65% loss in Q1 2020 while the NASD USI closed the quarter northwards with +2.55% gain as against +3.29% gain in Q2 2020 and -0.69% loss recorded in Q1 2020. 

 

YTD, the NSEASI has dipped by -0.04% while the NASD USI inched up by +5.19% so far in the year.

 

On market development, regulation and investors protection, the Securities and  Exchange Commission has proposed new rules on Collateral Management and Crowdfunding while sundry amendments to its rules on Registrable functions, risk management, sub-broker and records of transactions with clients were also proposed. 

 

Also, the Securities and  Exchange Commission issued guidance on the implementation of sections 60-63 of the Investments and Securities Act 2007 while the Chairman and other members of the Investment and Securities Tribunal (IST) were sworn in by the Honourable Minister of finance, Budget and National Planning as she urged them to diligently work together to discharge their responsibilities.

 


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Q3 2020 Market Review

 

The Q3 2020 markets review done in the Capital Market Service Report for September 2020 focused on the following;

  1. Market Performance in Q3 2020, and
  2. Gainers and Losers in Q3 2020

 

Market Performance in Q3 2020

A review of the NSE sector indices performance in Q3 2020 revealed that NSE AFRBVI, NSE MERIGRW and NSE CG Indices all topped to close green with +14.62%, +11.64% and +11.55% gains while NSE ASeM and Oil and Gas Indices recorded -1.83% and -0.68% returns respectively to close the quarter in red.

 

Market Performance

Sectors

30-Jun-20

30-Sep-20

YTD % Chg

NSE ASI

24,479.22

26,831.76

9.61%

NSE-30

1,052.09

1,148.54

9.17%

NSE Consumer Goods

441.71

453.82

2.74%

NSE Banking

281.96

310.39

10.08%

NSE Insurance

129.72

138.81

7.01%

NSE Oil and Gas

196.47

195.14

-0.68%

NSE LII

1,825.74

1,933.41

5.90%

NSE-IND

1,103.86

1,193.76

8.14%

NSE-ASeM

742.08

728.51

-1.83%

NSE Pension

953.14

1,051.48

10.32%

NSE Premium

2,125.17

2,370.26

11.53%

NSE Main Board

1,033.03

1,122.18

8.63%

NSECG

845.36

942.96

11.55%

NSEAFRBVI

768.52

880.91

14.62%

NSEAFRHDYI

1,369.95

1,530.72

11.74%

NSEMERIGRW

1,247.37

1,392.55

11.64%

NSEMERIVAL

1,262.99

1,337.17

5.87%

Dangote Index

68.15

76.18

11.78%

Elumelu Index

75.27

75.61

0.45%

Source: NSE, Proshare Research


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Gainer and Losers in Q3 2020 on NSE

At the end of Q3 2020, market recorded forty-two (42) gainers to fifty-five (55) losers.

 

WAPCO and NB topped the list of gainers with +60.00% and +45.57% returns while ABCTRANS and ARBICO topped the losers' chart with -46.43% and -45.50% returns respectively.

 

Gainers in Q3 2020

S/No

Symbol

30-Jun-20

30-Sep-20

% Chg

1

WAPCO

10

                16.00

60.00%

2

NB

36.1

                52.55

45.57%

3

STANBIC

30.25

               40.50

33.88%

4

UPL

1.01

                   1.33

31.68%

5

UCAP

2.55

                  3.33

30.59%

6

FTNCOCOA

0.2

                 0.26

30.00%

7

CORNERST

0.55

                  0.71

29.09%

8

HMARKINS

0.3

                  0.37

23.33%

9

GUARANTY

22.05

               27.00

22.45%

10

UNITYBNK

0.48

                  0.57

18.75%

11

FIDSON

2.98

                  3.53

18.46%

12

PRESTIGE

0.51

                 0.60

17.65%

13

ROYALEX

0.23

                  0.27

17.39%

14

PRESCO

45.25

               53.00

17.13%

15

AIRTELAFRI

328.7

             380.00

15.61%

16

FLOURMILL

19

                21.65

13.95%

17

LAWUNION

1.03

                   1.16

12.62%

18

NEIMETH

1.65

                  1.85

12.12%

19

ETERNA

2.24

                  2.50

11.61%

20

JOHNHOLT

0.51

                  0.56

9.80%

21

REGALINS

0.21

                  0.23

9.52%

22

AFRIPRUD

4.11

                  4.50

9.49%

23

DANGCEM

127

             139.00

9.45%

24

FIDELITYBK

1.74

                  1.90

9.20%

25

FCMB

1.93

                  2.10

8.81%

26

LASACO

0.25

                  0.27

8.00%

27

MTNN

117.5

             126.50

7.66%

28

ZENITHBANK

16.1

                17.30

7.45%

29

VITAFOAM

5.59

                  5.95

6.44%

30

PZ

4

                  4.25

6.25%

31

CUTIX

1.6

                  1.70

6.25%

32

MANSARD

1.76

                  1.84

4.55%

33

BUACEMENT

38.7

               40.40

4.39%

34

CADBURY

6.75

                  7.00

3.70%

35

OKOMUOIL

77.4

               80.00

3.36%

36

SEPLAT

386

             398.00

3.11%

37

ACCESS

6.55

                  6.75

3.05%

38

DANGSUGAR

12

                12.30

2.50%

39

TRANSEXPR

0.8

                 0.82

2.50%

40

FBNH

5.25

                  5.35

1.90%

41

MOBIL

192.6

              195.10

1.30%

42

MAYBAKER

2.87

                 2.90

1.05%

Source: NSE, Proshare Research

 

Losers in Q3 2020

S/No

Symbol

30-Jun-20

30-Sep-20

% Chg

1

ABCTRANS

0.56

                  0.30

-46.43%

2

ARBICO

1.89

                  1.03

-45.50%

3

OMOSAVBNK

0.9

                 0.60

-33.33%

4

SMURFIT

0.29

                 0.20

-31.03%

5

CONOIL

21

                15.25

-27.38%

6

LINKASSURE

0.48

                  0.38

-20.83%

7

UACN

8

                  6.35

-20.63%

8

TRIPPLEG

0.5

                 0.40

-20.00%

9

JBERGER

19.85

                16.00

-19.40%

10

BETAGLAS

68.35

               55.40

-18.95%

11

INITSPLC

0.7

                  0.57

-18.57%

12

CAP

20.65

                17.00

-17.68%

13

ETI

4.95

                  4.10

-17.17%

14

AIICO

0.92

                  0.79

-14.13%

15

UBN

5.9

                   5.15

-12.71%

16

NAHCO

2.29

                 2.00

-12.66%

17

CAVERTON

1.98

                   1.73

-12.63%

18

UNILEVER

15.3

                13.60

-11.11%

19

TRANSCORP

0.65

                  0.58

-10.77%

20

CAPHOTEL

2.7

                 2.42

-10.37%

21

UHOMREIT

45.2

               40.65

-10.07%

22

STUDPRESS

1.99

                  1.79

-10.05%

23

MRS

13.8

                12.45

-9.78%

24

TOTAL

97.5

               88.00

-9.74%

25

INTENEGINS

0.42

                  0.38

-9.52%

26

ACADEMY

0.32

                 0.29

-9.38%

27

DAARCOMM

0.33

                  0.30

-9.09%

28

CUSTODIAN

5.5

                  5.00

-9.09%

29

GLAXOSMITH

5.5

                  5.00

-9.09%

30

UAC-PROP

0.99

                 0.90

-9.09%

31

CILEASING

4.6

                 4.20

-8.70%

32

UNIONDAC

0.27

                  0.25

-7.41%

33

FO(ARDOVA)

11.8

                11.00

-6.78%

34

NESTLE

1256.8

           1,175.00

-6.51%

35

CHAMPION

0.95

                 0.89

-6.32%

36

MCNICHOLS

0.5

                  0.47

-6.00%

37

NNFM

4.3

                  4.05

-5.81%

38

BOCGAS

4.51

                  4.25

-5.76%

39

HONYFLOUR

0.95

                 0.90

-5.26%

40

INTBREW

4.1

                  3.90

-4.88%

41

STERLNBANK

1.25

                   1.19

-4.80%

42

REDSTAREX

3.15

                  3.00

-4.76%

43

CHAMS

0.21

                 0.20

-4.76%

44

JAPAULOIL

0.21

                 0.20

-4.76%

45

BERGER

6.75

                  6.50

-3.70%

46

GUINNESS

14.5

                14.00

-3.45%

47

LIVESTOCK

0.62

                 0.60

-3.23%

48

IKEJAHOTEL

0.95

                 0.92

-3.16%

49

OANDO

2.3

                  2.23

-3.04%

50

LEARNAFRCA

1.17

                   1.14

-2.56%

51

UBA

6.25

                  6.10

-2.40%

52

INFINITY

1.39

                  1.36

-2.16%

53

WEMABANK

0.54

                  0.53

-1.85%

54

NEM

2.06

                  2.03

-1.46%

55

NASCON

10.5

                10.40

-0.95%

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 September 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

 

Chart 1: Capital Market Size By Exchanges - September 2020

Proshare Nigeria Pvt. Ltd.


 Proshare Nigeria Pvt. Ltd.


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 Proshare Nigeria Pvt. Ltd.


Proshare Nigeria Pvt. Ltd.

 

 Proshare Nigeria Pvt. Ltd.

 

 

 

 

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