SEPLAT, BUACEMENT Lead Companies Recording Drop In Market CAP During Lockdown

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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.


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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

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Source: NSE, Proshare Research

 

Table 2: Companies That Recorded Growth in Market CAP During Lockdown

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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).


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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

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Source: NSE, Proshare Research

 

Table 6: Companies That Recorded Growth in Market CAP During The Year

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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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