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Wednesday, October 07, 2020 08:00 AM / Research@proshareng.com / Header Image Credit: EcoGraphics
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.
Q3 2020 Market Review
The Q3 2020 markets review done in the Capital Market
Service Report for September 2020 focused on the following;
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
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
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