CCNN, CILEASING and NEM Top As Best Performing Stocks YTD

Proshare

Wednesday, November 28, 2018 / 09:20 AM / Proshare Research 

 

Nigeria’s equity market recorded its third consecutive decline after the close of trading on Tuesday, November 27, 2018 as the key performance indicator, the NSEASI, shed 114 basis points to close at 31,173.71 points, the lowest level since June 1, 2017. 

In spite of this bearish trend, stocks like STERLNBANK, NPFMCRFBK and CONTINSURE continued to appreciate and remained one of the best performing stocks at the local bourse as of Tuesday, November 27, 2018. 

Although, CCNN currently tops the list of best performing stocks. The year-to-date (YTD) return of CCNN weakened by 91.05 percent, while the equity’s share price plunged to N18.00 per share after the close of trading.

STERLNBANK rose by 0.61 percent to close at N1.64 per share on Tuesday, causing its year-to-date return to improve by 51.85 percent. The stock had traded flat at N1.61 per share throughout last week but gained on Monday by 1.24 percent to close at N1.63 per share. 

NPFMCRFBK gained 1.96 percent on Tuesday, prompting it to leap from N1.53 per share which it was trading at since last Wednesday to close at N1.56 per share. As a result, NPFMCRFBK’s YTD return strengthened by 24.80 percent. 

Furthermore, following a notification sent to the Nigerian Stock Exchange (NSE) on Monday indicating a proposed acquisition of all outstanding and issued shares ofContinental Reinsurance Plc (Cre Nigeria) by Continental Reinsurance African Investments Limited (CRe Investments, CONTINSURE has continued to appreciate steadily. 

CONTINSURE, which had remained flat at N1.50 per share for four (4) consecutive trading sessions since Monday, November 19, 2018, appreciated by 3.33 percent to close at N1.55 per share on Monday, November 26, 2018. 

As at the close of business on Tuesday, November 27, 2018, CONTINSURE extended its gain recorded on Monday by 9.68 percent to close at N1.70 per share, its highest level since April 19, 2018 when it hits N1.75k per share. 

On the flip side, WAPCOAGLEVENT and FO are currently the worst performing stocks as at November 27, 2018. This is just as their YTD losses worsened by -71.04 percent, -60.87 percent and -60.21 percent respectively at the close of trading.

 

Table 1: Best Performing Stocks as at November 27, 2018

Stock

Share Price (N)

As At Dec. 31, 2017

As At Nov 27, 2018

YTD Return

CCNN

9.50

18

89.47%

CILEASING

1.29

2.06

59.69%

NEM

1.66

2.60

56.63%

PRESTIGE

0.5

0.77

54.00%

STERLNBANK

1.08

1.64

51.85%

UNITYBNK

0.53

0.78

47.17%

CAVERTON

1.29

1.88

45.74%

CUSTODIAN

3.89

5.30

36.25%

BETAGLAS

51.31

68.30

33.11%

LEARNAFRCA

0.88

1.16

31.82%

NPFMCRFBK

1.25

1.56

24.80%

CONTINSURE

1.40

1.70

21.43%

AIICO

0.52

0.63

21.15%

STANBIC

41.50

48.95

17.95%

VITAFOAM

3.00

3.40

13.33%

OKOMUOIL

67.69

75.50

11.54%

ETERNA

4.06

4.50

10.84%

WEMABANK

0.52

0.57

9.62%

MRS

27.46

28.55

3.97%

MORISON

0.53

0.55

3.77%

CAP

34.00

34.95

2.79%

FCMB

1.48

1.50

1.35%

Source: NSE, Proshare Research

  

Table 2: Worst Performing Stocks as at November 27, 2018

Stock

Share Price (N)

As At Dec. 31, 2017

As At Nov 27, 2018

YTD Loss

WAPCO

44.89

13.00

-71.04%

AGLEVENT

0.69

0.27

-60.87%

FO

43.48

17.30

-60.21%

COURTVILLE

0.5

0.20

-60.00%

JAPAULOIL

0.5

0.20

-60.00%

SOVRENINS

0.5

0.20

-60.00%

REGALINS

0.5

0.21

-58.00%

VERITASKAP

0.5

0.21

-58.00%

CORNERST

0.5

0.22

-56.00%

NIGERINS

0.5

0.24

-52.00%

UNIONDAC

0.5

0.24

-52.00%

PZ

20.60

10.55

-48.79%

DANGFLOUR

12.15

6.25

-48.56%

HONYFLOUR

2.10

1.11

-47.14%

DIAMONDBNK

1.50

0.81

-46.00%

UAC-PROP

2.79

1.57

-43.73%

INTBREW

54.50

30.75

-43.58%

NB

134.90

79.40

-41.14%

UACN

16.90

10.10

-40.24%

LASACO

0.50

0.30

-40.00%

ABCTRANS

0.50

0.31

-38.00%

CADBURY

15.67

9.75

-37.78%

DANGSUGAR

20.00

13.15

-34.25%

FIRSTALUM

0.50

0.33

-34.00%

UBN

7.80

5.15

-33.97%

GLAXOSMITH

21.61

14.50

-32.90%

FLOURMILL

29.00

19.50

-32.76%

LAWUNION

0.77

0.52

-32.47%

ACCESS

10.45

7.10

-32.06%

LIVESTOCK

0.83

0.57

-31.33%

JAIZBANK

0.63

0.44

-30.16%

CHAMPION

2.00

1.45

-27.50%

UBA

10.30

7.50

-27.18%

JBERGER

28.00

21.00

-25.00%

BERGER

8.49

6.50

-23.44%

UCAP

3.69

2.87

-22.22%

FIDELITYBK

2.45

1.92

-21.63%

WAPIC

0.51

0.40

-21.57%

GUINNESS

94.00

74.00

-21.28%

CUTIX

2.10

1.66

-20.95%

NEIMETH

0.75

0.60

-20.00%

TRANSCORP

1.45

1.16

-20.00%

CONOIL

28.00

22.50

-19.64%

UPDCREIT

10

8.10

-19.00%

FBNH

8.99

7.35

-18.24%

MOBIL

194.60

160.00

-17.78%

OANDO

5.99

4.95

-17.36%

ETRANZACT

4.75

3.95

-16.84%

DANGCEM

230.00

193.00

-16.09%

REDSTAREX

5.23

4.40

-15.87%

MEYER

0.7

0.59

-15.71%

TRANSCOHOT

7.21

6.10

-15.40%

IKEJAHOTEL

1.8

1.53

-15.00%

GUARANTY

40.75

35.00

-14.11%

NAHCO

3.98

3.43

-13.82%

AFRIPRUD

4.22

3.70

-12.32%

UPL

2.28

2.00

-12.28%

BOCGAS

4.79

4.21

-12.11%

MAYBAKER

2.60

2.31

-11.15%

TOTAL

220.17

196.50

-10.75%

PRESCO

68

62.15

-8.60%

ZENITHBANK

25.50

23.60

-7.45%

ETI

17.00

15.75

-7.35%

LINKASSURE

0.66

0.62

-6.06%

SEPLAT

626.22

590.00

-5.78%

INTERLINK

3.8

3.60

-5.26%

NESTLE

1555.99

1,485.00

-4.56%

UNILEVER

41.00

39.50

-3.66%

NASCON

18.50

18.00

-2.70%

MANSARD

1.93

1.90

-1.55%

Source: NSE, Proshare Research

 

Proshare Nigeria Pvt. Ltd.


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