NSE ASI Performance Review and How Key Sectors Fared in 2017

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Thursday, December 14, 2017 /04:05PM / Proshare Research 

Nigerian Stock Market performance in 2017 has been very bullish. NSE ASI remained in the positive territory in terms of YTD performance review in most trading days of the year after trading in the negative territory in most trading days in Q1 2017.

The index currently records +43.39% YTD gain as at 13th December, 2017.

Stock market closed the month of January 2017 with a loss of -3.12%. This represents the highest monthly loss recorded so far in 2017 while the +14.52% gain recorded in May 2017 represented the highest monthly gain recorded in 2017.

The market has so far recorded +1.56% gain in December as 13th December, 2017.

Market quarterly performance review reveals that NSE ASI recorded -5.05% loss in Q1’17 while the index retracted in Q2’17 with +29.79% gain to clear previous quarter losses. 

In Q3’17, the index went up by +7.01% while it has also maintained further growth in Q4’17 as it has recorded  +8.73% gain as at 13th December, 2017.

 Proshare Nigeria Pvt. Ltd.

NSE Banking 
The NSE banking index records the highest YTD gain so far in 2017. The index currently record +72.97% YTD gains  as at 13th December, 2017,  an impressive return for the banking sector Stocks, while at the end of 2016, it closed with +2.17% gain.

NSE Consumer Goods 
The NSE consumer goods index currently records +37.52 YTD return as at 13thDecember, 2017. The performance simply mirrors that the FMCGs companies made a rebound from negative return same time last year. 

At the end of 2016, the index dropped by -4.49% , its current performance represents a retraction of previous year’s loss

NSE Oil & Gas 
The NSE oil & gas index is the only index out of the 5 key sector indices that currently records a negative  YTD return as at 13th December, 2017. It currently stands at -6.75%. The index dropped by -12.31% at the end of 2016. its current performance represents an extension of previous year’s loss.

NSE Insurance 
The NSE insurance index records +9.60% YTD gain as at 13th December, 2017. The index dropped by -11.44% at the end of 2016.

 

NSE Industrial 
The NSE industrial index currently records a YTD gain of +26.86% as at 13th December, 2017. It dropped by -26.37% in 2016. Also, its current performance represents a retraction of previous year’s loss. 

Other Sectors

Also, the strong growth regime enjoyed by the Nigerian Stock Exchange Sectoral Indices extended to sectors like  NSE Pension (71.82%)  , NSE Premium (55.98%), NSE 30 (46.44%), NSE Main Board (41.45%), NSE LII (38.72%) respectively. While , NSE AseM (-3.62%) currently enjoys the unenviable status of Black Sheep of the Family.

Proshare Nigeria Pvt. Ltd.

 Proshare Nigeria Pvt. Ltd.

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