Stock & Analyst Updates | |
Stock & Analyst Updates | |
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Thursday, April 23, 2020 / 12:01 PM /By
Proshare Research / Header Image Credit: The Balance
Yesterday,
our published article titled: Market Traded Volume
Dipped By -30.70% During The Lockdown; NSEASI Inches Up by 7.45% showed that Market
volume and value traded during the lockdown dipped by -30.70% and -45.99%
respectively compared to the volume and value traded before the lockdown and
despite the this drop, the NSEASI Inched up by +7.45% during the lockdown
period as against -10.36% loss recorded before the lockdown was announced.
Change During the Lockdown
As
the cessation of movement announced by the Federal Government of Nigeria in the
FCT, Lagos and Ogun States continues and in furtherance of our review of
trading activities of listed companies during the lockdown period, analysis has
revealed that thirty-five (35) stocks has so far recorded decline in Market
Capitalization as against thirty-nine (39) which recorded growth in Market
Capitalization.
SEPLAT and BUACEMENT topped the list of companies that recorded drop in Market CAP
during the lockdown as they both lost N29.48bn and N25.39bn respectively while NESTLE and DANGCEM topped the list of companies that recorded growth in Market CAP
during the lockdown as they both gained N166.46bn and N107.36bn in that order.
Table 1: Companies That Recorded Drop in Market CAP During Lockdown
Source: NSE, Proshare Research
Table 2: Companies That Recorded Growth in Market CAP During Lockdown
Source: NSE, Proshare Research
A
breakdown of the list of 35 companies that recorded drop in Market CAP by
sectors showed that Financial Services sector has the highest representation
with eleven (11) stocks and closed followed by Services with nine (9) stocks.
Others are ICT, Consumer Goods and Construction/Real Estate (3 each); Oil and
Gas and Industrial Goods (2 each); Natural Resources and Conglomerates (1
each).
Table 3: Breakdown By Sectors: Companies That Recorded Drop in Market
CAP During Lockdown
Sectors |
No of Stocks |
Financial
Services |
11 |
Services |
9 |
ICT |
3 |
Consumer
Goods |
3 |
Construction/Real
Estate |
3 |
Oil and Gas |
2 |
Industrial
Goods |
2 |
Natural
Resources |
1 |
Conglomerates |
1 |
Total |
35 |
Source: NSE, Proshare Research
On
the other hand, a breakdown of the list of 39 companies that recorded growth in
Market CAP by sectors showed that Financial Services sector has the highest
representation with fourteen (14) stocks and closed followed by Consumer Goods
with nine (9) stocks. Others are Industrial Goods and Healthcare (4 each); Oil
and Gas (3); Services (2); Construction/Real Estate, Agriculture and
Conglomerates (1 each).
Table 4: Breakdown By Sectors: Companies That Recorded Growth in Market
CAP During Lockdown
Sectors |
No of Stocks |
Financial Services |
14 |
Consumer Goods |
9 |
Healthcare |
4 |
Industrial Goods |
4 |
Oil and Gas |
3 |
Services |
2 |
Construction/Real Estate |
1 |
Agriculture |
1 |
Conglomerates |
1 |
Total |
39 |
Source: NSE, Proshare Research
Change During the Year
Further
analysis on companies' performance during the year revealed that eighty-six
(86) stocks has so far recorded decline in Market Capitalization as against
fifteen (15) which recorded growth in Market Capitalization.
NESTLE and GUARANTY topped the list of companies that recorded drop in Market CAP
during the year as they both lost N392.29bn and N319.33bn respectively while BETAGLAS and JBERGER topped the list of companies that recorded growth in Market CAP
during the year as they both gained N8.09bn and N7.79bn in that order.
Table 5: Companies That Recorded Drop in Market CAP During The Year
Source: NSE, Proshare Research
Table 6: Companies That Recorded Growth in Market CAP During The Year
Source: NSE, Proshare Research
A
breakdown of the list of 86 companies that recorded drop in Market CAP by
sectors showed that Financial Services sector has the highest representation
with twenty-two (22) stocks and closed followed by Services with seventeen (17)
stocks. Others are Consumer Goods (13); Industrial Goods (8); Oil and Gas (7);
ICT (6); Construction/Real Estate, Healthcare and Conglomerates (3 each);
Agriculture and Natural Resources (2 each).
Table 7: Breakdown By Sectors: Companies That Recorded Drop in Market
CAP During the Year
Sectors |
No of Stocks |
Financial Services |
22 |
Services |
17 |
Consumer Goods |
13 |
Industrial Goods |
8 |
Oil and Gas |
7 |
ICT |
6 |
Construction/Real Estate |
3 |
Healthcare |
3 |
Conglomerates |
3 |
Agriculture |
2 |
Natural Resources |
2 |
Total |
86 |
Source: NSE, Proshare Research
On
the other hand, a breakdown of the list of 15 companies that recorded growth in
Market CAP by sectors showed that Financial Services sector has the highest
representation with six (6) stocks and closed followed by Healthcare with four
(4) stocks. Others are Consumer Goods; Oil and Gas; Construction/Real Estate
and Agriculture with 1 each.
Table 8: Breakdown By Sectors: Companies That Recorded Growth in Market
CAP During the Year
Sectors |
No of Stocks |
Financial Services |
6 |
Healthcare |
4 |
Consumer Goods |
1 |
Construction/Real Estate |
1 |
Oil and Gas |
1 |
Industrial Goods |
1 |
Agriculture |
1 |
Total |
15 |
Source: NSE, Proshare Research
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