| Stock & Analyst Updates |    3913 VIEWS  |
| Stock & Analyst Updates | |
| 3913 VIEWS | |
 |
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, WAPCO, AGLEVENT 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 | |
9.50 | 18 | 89.47% | |
1.29 | 2.06 | 59.69% | |
1.66 | 2.60 | 56.63% | |
0.5 | 0.77 | 54.00% | |
1.08 | 1.64 | 51.85% | |
0.53 | 0.78 | 47.17% | |
1.29 | 1.88 | 45.74% | |
3.89 | 5.30 | 36.25% | |
51.31 | 68.30 | 33.11% | |
0.88 | 1.16 | 31.82% | |
1.25 | 1.56 | 24.80% | |
1.40 | 1.70 | 21.43% | |
0.52 | 0.63 | 21.15% | |
41.50 | 48.95 | 17.95% | |
3.00 | 3.40 | 13.33% | |
67.69 | 75.50 | 11.54% | |
4.06 | 4.50 | 10.84% | |
0.52 | 0.57 | 9.62% | |
27.46 | 28.55 | 3.97% | |
0.53 | 0.55 | 3.77% | |
34.00 | 34.95 | 2.79% | |
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 | |
44.89 | 13.00 | -71.04% | |
0.69 | 0.27 | -60.87% | |
43.48 | 17.30 | -60.21% | |
0.5 | 0.20 | -60.00% | |
0.5 | 0.20 | -60.00% | |
0.5 | 0.20 | -60.00% | |
0.5 | 0.21 | -58.00% | |
0.5 | 0.21 | -58.00% | |
0.5 | 0.22 | -56.00% | |
0.5 | 0.24 | -52.00% | |
0.5 | 0.24 | -52.00% | |
20.60 | 10.55 | -48.79% | |
12.15 | 6.25 | -48.56% | |
2.10 | 1.11 | -47.14% | |
1.50 | 0.81 | -46.00% | |
2.79 | 1.57 | -43.73% | |
54.50 | 30.75 | -43.58% | |
134.90 | 79.40 | -41.14% | |
16.90 | 10.10 | -40.24% | |
0.50 | 0.30 | -40.00% | |
0.50 | 0.31 | -38.00% | |
15.67 | 9.75 | -37.78% | |
20.00 | 13.15 | -34.25% | |
0.50 | 0.33 | -34.00% | |
7.80 | 5.15 | -33.97% | |
21.61 | 14.50 | -32.90% | |
29.00 | 19.50 | -32.76% | |
0.77 | 0.52 | -32.47% | |
10.45 | 7.10 | -32.06% | |
0.83 | 0.57 | -31.33% | |
0.63 | 0.44 | -30.16% | |
2.00 | 1.45 | -27.50% | |
10.30 | 7.50 | -27.18% | |
28.00 | 21.00 | -25.00% | |
8.49 | 6.50 | -23.44% | |
3.69 | 2.87 | -22.22% | |
2.45 | 1.92 | -21.63% | |
0.51 | 0.40 | -21.57% | |
94.00 | 74.00 | -21.28% | |
2.10 | 1.66 | -20.95% | |
0.75 | 0.60 | -20.00% | |
1.45 | 1.16 | -20.00% | |
28.00 | 22.50 | -19.64% | |
10 | 8.10 | -19.00% | |
8.99 | 7.35 | -18.24% | |
194.60 | 160.00 | -17.78% | |
5.99 | 4.95 | -17.36% | |
4.75 | 3.95 | -16.84% | |
230.00 | 193.00 | -16.09% | |
5.23 | 4.40 | -15.87% | |
0.7 | 0.59 | -15.71% | |
7.21 | 6.10 | -15.40% | |
1.8 | 1.53 | -15.00% | |
40.75 | 35.00 | -14.11% | |
3.98 | 3.43 | -13.82% | |
4.22 | 3.70 | -12.32% | |
2.28 | 2.00 | -12.28% | |
4.79 | 4.21 | -12.11% | |
2.60 | 2.31 | -11.15% | |
220.17 | 196.50 | -10.75% | |
68 | 62.15 | -8.60% | |
25.50 | 23.60 | -7.45% | |
17.00 | 15.75 | -7.35% | |
0.66 | 0.62 | -6.06% | |
626.22 | 590.00 | -5.78% | |
3.8 | 3.60 | -5.26% | |
1555.99 | 1,485.00 | -4.56% | |
41.00 | 39.50 | -3.66% | |
18.50 | 18.00 | -2.70% | |
1.93 | 1.90 | -1.55% | |
Source: NSE, Proshare Research | |||
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