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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