Stock market investors record 14.24% year to date loss

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Nigerian Stock Exchange

Stock market investors record 14.24% year to date loss

As at the end of April, investors have recorded a massive decline in the opening values of their stocks on the Nigerian Stock Exchange.

While stock market pitched at ₦11.997 trillion, the figure shows it has been reduced by 14.24% when compare with opening value in 2020.

Though, month to date report shows that all indices closed positive, this then moderated its initial year to date losses.

COVID-19 fear had widened year to date losses to 20% but renewed positive sentiment has set the market on right trajectory.

This bearish performance was exacerbated by the coronavirus virus pandemic forces government to lockdown economic activities.

Meanwhile, depreciation is market cap was moderated by 8% return recorded in April, supported by 1.87 weak to date return.

The consumer good segment recorded highest knocked down with index closed negative at 28.61%.

Also, banking index has lost 23.90% year to date, though market data shows the sector had recorded 15.14% in April due to improve sentiment.

NSE pension and insurance also closed negative at 16.58% and 3.13% respectively while NSE 30 index lax 16.19% year to date.

Equities

Last week, the market opened for four trading days due to public holiday declared by Federal Government to celebrate workers day.

Then, NSE recorded turnover of 1.012 billion shares worth ₦9.892 billion in 17,023 deals traded by investors.

This was in contrast to a total of 1.195 billion shares valued at ₦13.979 billion that exchanged hands in the previous week 20,591 deals.

The Financial Services industry -measured by volume- led the activity chart with 809.957 million shares valued at ₦5.666 billion traded in 9,533 deals.

Thus, contributing 80.06% and 57.28% to the total equity turnover volume and value respectively.

More so, the Industrial Goods industry followed with 47.884 million shares worth ₦1.681 billion in 1,920 deals.

The third place was the Conglomerates industry, with a turnover of 46.627 million shares worth ₦86.349 million in 550 deals.

Trading in the top three equities namely, FBNH, UBA and ACCESS accounted for 414.588 million shares worth ₦2.290 billion in 3,189 deals.

This contributed 40.98% and 23.15% to the total equity turnover volume and value respectively.

NSE All-Share Index

The NSE All-Share Index and market capitalization both appreciated by 1.87% to close the week at 23,021.01 and ₦11.997 trillion respectively.

All other indices finished higher with the exception of NSE Meri Growth, NSE Consumer Goods and NSE Industrial Goods.

Both depreciated by 0.88%, 1.42% and 0.47% respectively. However, NSE ASeM index closed flat.

Stock market investors record 14.24% year to date loss

 

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