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
| Top 10 Price Gainers | ||||
|---|---|---|---|---|
| Company | Open | Close | Gain (N) | % Change |
| E-TRANZACT INTERNATIONAL PLC | 2.21 | 2.54 | 0.34 | 15.38 |
| AIRLINE SERVICES AND LOGISTICS PLC | 1.65 | 1.81 | 0.16 | 9.69 |
| WEMA BANK PLC | 0.95 | 1 | 0.05 | 5.26 |
| ACADEMY PRESS PLC | 1.08 | 1.12 | 0.05 | 4.63 |
| OMOLUABI SAVINGS AND LOANS PLC | 0.67 | 0.7 | 0.03 | 4.48 |
| BETA GLASS COMPANY (NIG.) PLC | 23.15 | 24 | 0.85 | 3.67 |
| ETERNA PLC | 3 | 3.11 | 0.11 | 3.67 |
| ECOBANK TRANSNATIONAL INCORPORATED | 17.60 | 18.21 | 0.61 | 3.47 |
| 7-UP BOTTLING COMPANY PLC | 152.69 | 153.85 | 1.14 | 0.75 |
| CAP PLC | 36.1 | 36.22 | 0.12 | 0.33 |
| Top 10 Losers | ||||
| % Change | ||||
| TRANSNATIONAL CORPORATION OF NIG PLC | 3.99 | 3.05 | -0.94 | -23.56 |
| CHAMPION BREWERIES PLC | 8.93 | 6.93 | -2 | -22.4 |
| MANSARD INSURANCE PLC | 3.72 | 2.9 | -0.82 | -22.04 |
| GUINNESS NIGERIA PLC | 149.06 | 122.61 | -26.45 | -17.73 |
| CEMENT COMPANY OF NORTHERN NIGERIA PLC | 10.9 | 9.27 | -1.63 | -14.95 |
| NIGERIAN BREWERIES PLC | 170.99 | 145.59 | -25.4 | -14.85 |
| SEPLAT PETROLEUM DEVELOPMENT COMPANY LTD | 380 | 324.83 | -55.17 | -14.52 |
| UNITED BANK FOR AFRICA PLC | 4.76 | 4.08 | -0.68 | -14.29 |
| UNION BANK OF NIGERIA PLC | 8.85 | 7.6 | -1.25 | -14.12 |
| DANGOTEFLOURMILLS PLC | 5.63 | 4.84 | -0.79 | -14.03 |