• 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

Muhammadu Buhari

Stock Market soared in Naira, sank in dollars during Buhari’s tenure 

July 17, 2025
NGX

FUGAZ stocks close in the green as ASI shatters 128,000; FIRSTHOLDCO leads volume 

July 16, 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

Muhammadu Buhari
Equities

Stock Market soared in Naira, sank in dollars during Buhari’s tenure 

July 17, 2025
NGX
Equities

FUGAZ stocks close in the green as ASI shatters 128,000; FIRSTHOLDCO leads volume 

July 16, 2025
Leading Nigerian insurance firms pay N49.16 billion in claims for HY’ 2023 
Exclusives

Nigeria’s listed insurance companies are having their best run in years – here’s why it matters 

July 15, 2025
FTN COCOA, UNITY BANK leads as NGX top gainers for the week
Equities

ACCESSCORP leads trading value as All-Share Index rises 0.28%; five stocks hit daily gain limit 

July 9, 2025
Weekly Stock Update: Nigerian Exchange Group record growth w-o-w, up by 0.48%
Equities

FIRSTHOLDCO jumps 9.8% as Nigerian All-Share Index crosses 121,000; four stocks hit maximum gain limit 

July 8, 2025
Weekly Stock Update: Nigerian Exchange Group record growth w-o-w, up by 0.48%
Equities

Weekly Market Wrap: Insurance, Consumer goods sectors shine as All-Share Index gains 0.83% 

July 6, 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 *

first bank








DUNS

Recent News

  • President Tinubu renames University of Maiduguri to Muhammadu Buhari University 
  • Telecom operators raise alarm over rising vandalism threatening Nigeria’s digital economy 
  • Alleged $12 Million Money Laundering: EFCC Witness testifies against SunTrust Bank MD, Executive Director 

Follow us on social media:

Recent News

FG Promissory Notes rise to N1.65 trillion, up 114% in one year under Tinubu 

President Tinubu renames University of Maiduguri to Muhammadu Buhari University 

July 18, 2025
Telecom

Telecom operators raise alarm over rising vandalism threatening Nigeria’s digital economy 

July 18, 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