This Is The Scary Data From Another Bloody Week For Nigerian Stocks

NSE Data

Nigerian stocks closed the week on a massive bearish note losing 7.42% to close at 30,763.38 having opened at 33,228.29. The stats are chilling for any investor and is scary enough to make the most resilient of long-term investor to quiver. Check it out

• All major indexes lost this week except the ASeM.
• All share index has lost 10.9% this month alone and we are not half way gone
• The All share index is down 25.5% year to date
• Banking, Consumer Goods, Industrial goods index have lost YTD 27.6%, 28.3% and 27.1% respectively
• Transcorp lost 23.5% WTD
• Mansard lost 22.4% WTD
• Guinness lost 17.7% WTD
• Nigerian Breweries lost 14.8% WTD
• Seplat lost 14.5% WTD
• Diamond Bank, Zenith Bank, GTB, Dangote Cement, Seplat etc. all hit their year lows
• Eight Banks including Skye, Fidelity, Sterling, UBA, Diamond Bank, Zenith Bank, GTB all hit their year lows.
• Apart from Union Bank, no bank has a P/E ratio above 7x. GTB is highest with 6.8x
• Seplat hit a new year low 5 straight days this week
• The Index is now just N10.1 trillion compared to

Top Ten Gainers and losers this week

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