According to data from the Nigerian Stock Exchange, The All Share Index posted a negative Year to Date (YTD) return of -16.4% for 2014. This figure is a reversal of fortunes following the 47% positive returns posted in 2013. Just as the All Share Index posted negative returns, other sub indices in the Exchange also posted their own fair share of negative returns.
Here they are;
Indices | YTD 2014 |
NSE 30 Index | -18.03% |
NSE Banking Index | -21.53% |
NSE Insurance Index | -2.11% |
NSE Consumer Goods Index | -17.88% |
NSE Oil/Gas Index | 11.84% |
NSE Lotus II | -21.63% |
NSE Industrial Goods Index | -15.98% |
NSE ASeM Index | 26.09% |
Take a look again at the Oil and Gas Index. That is a positive 11.8% returns against the backdrop of a turbulent 2014 for the sector. It is important to note that most of the stocks included in the indices are downstream players. The likes of Forte Oil, Oando,Mobil, Total also recorded positive returns YTD