• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

NSE loses N2 trillion in value in Q1 2020, as oil plunges 65% QoQ

Olumide Adesina by Olumide Adesina
April 3, 2020
in Business News, Markets, Spotlight
Stock market gains N110.7 billion on Friday trade session , Investors lose N153.6 billion on Monday as ASI dip 1.05% , Top Nigerian stocks, too cheap to ignore, Nigeria bourse crash analysis, Nigerian bourse loses N2 trillion in value in Q1 2020, as oil plunged 65% QOQ
Share on FacebookShare on TwitterShare on Linkedin

The market capitalisation of the Nigerian Stock Exchange (NSE), which represents the market value of all listed companies, lost about N2 trillion in the first quarter of 2020.

Nigerian equities suffered high price volatility during the period under review. This happened as a result of the impact of the Coronavirus (COVID-19) pandemic, as well as the crash in global oil prices.

The Details: The Nigerian bourse’s market value dropped by N1.87 trillion to close the period under review at N11.1 trillion from N12.971 trillion. The Nigerian All-Share Index (ASI) also dropped by 20.73% to close Q1 2020 at 26,867.79 points.

RelatedStories

The 10 most profitable listed companies in Nigeria – 2024  

The 10 most profitable listed companies in Nigeria – 2024  

July 5, 2025
FTN COCOA, UNITY BANK leads as NGX top gainers for the week

CHAMPION, JOHNHOLT lead gains as All-Share Index closes positive; GTCO tops value chart with N1.5 billion 

July 5, 2025

Do note that the ASI is the overall market performance measure which monitors the general market movement of all listed equities on the NSE.

READ MORE: Bulls lift Nigerian bourse up 0.10%, as trading volume picks up

Performance by sectors: The NSE’s sectorial performances were also negative, as all indexes closed the period with a drop in value. The NSE Consumer Goods Index plunged the most by 44.84% while the NSE Banking Index followed with a decline of 30.64%. Also, the NSE 30 index lost 23.03% in value.

NSE in 2019, events & outlook, Foreign portfolio transactions drop by N280 billion as foreign investors remain net sellers of Nigerian equities , 2020 Nigerian Equities Outlook: Breaking the Jinx?, Equities: Foreign investors remain net sellers for second consecutive year , Investors part with N152.1 billion as bearish trade extends, Stocks close February in deep red as investment options dry up for Nigerians, Economy: Domestic investors hold sway in January

Meanwhile, Nigeria’s most important commodity (i.e., crude oil), registered its worst quarterly performance in the first 3 months of the year. This is due to the COVID-19 pandemic which has continued to weaken global oil demand.

Records show that Brent Crude plunged more than 65% during the first three months of 2020, registering its worst-ever quarter. Brent Crude also recorded its worst-ever monthly performance in March, falling over 54%.

Furthermore, WTI Crude fell more than 66% in the first quarter of 2020, recording its worst-ever quarterly performance since its inception in 1983. WTI futures also plunged over 54% last month, registering its worst-ever monthly performance.

Finally, the ongoing capital outflow from emerging and frontier markets like Nigeria has been attributed to the imminent global recession. This is according to the benchmark indexes of many global stocks markets show.

READ ALSO: Bears dominate Nigerian bourse Index down 0.94%, trading volume remains low

In the meantime, the market outlook remains unstable during this lockdown period and beyond, due to the notably high volatility in developed and developing markets. The seeming positive sentiment on quarter-end window dressing and the bouquet of stimulus packages have so far been unable to support the market.


Follow us for Breaking News and Market Intelligence.
Tags: Brent CrudeCoronavirusCOVID-19 PandemicMarket CapitalizationNigerian All Share IndexNigerian bourseNigerian Business NewsNigerian equitiesNSE Banking IndexNSE Consumer Goods IndexOn the MoneyWTI Crude
Olumide Adesina

Olumide Adesina

Olumide Adesina is a financial market writer, analyst and investment trader. Message Olumide on Twitter @Olumidecapital

Related Posts

The 10 most profitable listed companies in Nigeria – 2024  
Exclusives

The 10 most profitable listed companies in Nigeria – 2024  

July 5, 2025
FTN COCOA, UNITY BANK leads as NGX top gainers for the week
Equities

CHAMPION, JOHNHOLT lead gains as All-Share Index closes positive; GTCO tops value chart with N1.5 billion 

July 5, 2025
Wema Bank, Custodian Investment exits NGX 30 index
Equities

Aradel, Wema Bank join NGX 30 index after semi-annual rebalancing 

July 2, 2025
Bears assert dominance, crashing stocks by 183.88 points, erasing N103.97 billion in value
Equities

Heavyweight stocks lead charge as All-Share Index rises 1.57%; the week’s top performers 

June 29, 2025
Stock market kicks off September in the red: ASI slips 0.15% amid declining trading volume 
Equities

Nigeria’s second-largest stock falls over 6% as ASI halts winning streak; Unilever shines 

June 27, 2025
Weekly Stock Update: Nigerian Exchange Group record growth w-o-w, up by 0.48%
Equities

Five stocks hit daily gain limit as All-Share Index attains N74.8 trillion cap; FIDELITYBK leads volume 

June 24, 2025
Next Post
FCMB notifies investors on Q3 results delay, Africa’s Richest Woman, Ogun State First Lady and others celebrate FCMB SheVentures at 1, FCMB Group declares final dividend, fixes date for 7th AGM

FCMB Group "defies" Coronavirus pandemic, goes ahead with AGM by proxy 

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • $1M on the line as CAF increases WAFCON prize money, now it’s up to the Super Falcons to cash in 
  • Sola Sobowale unveils Ilu Aseyori, Africa’s Premier Agro Smart City, where Nigerians can now own profitable Oil palm plantations 
  • LASEPA shuts Mania Lounge, Voda Beach Club, and others for persistent noise pollution 

Follow us on social media:

Recent News

$1M on the line as CAF increases WAFCON prize money, now it’s up to the Super Falcons to cash in 

$1M on the line as CAF increases WAFCON prize money, now it’s up to the Super Falcons to cash in 

July 6, 2025
Sola Sobowale unveils Ilu Aseyori, Africa’s Premier Agro Smart City, where Nigerians can now own profitable Oil palm plantations 

Sola Sobowale unveils Ilu Aseyori, Africa’s Premier Agro Smart City, where Nigerians can now own profitable Oil palm plantations 

July 6, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics