The September 2020 Nigerian Capital Market Service Report - Proshare

Wednesday, October 07, 2020 08:00 AM / [email protected] / Header Image Credit: EcoGraphics

NigerianEquities Market closed the month ofSeptember 2020 positive as market witnessed improved bargain hunting during themonth under review. The NSEASI inched up by +5.94% as against +2.57% gain recorded in themonth of August 2020 while the NASD USI closed northwards with +3.18% gain recorded at theend of the month under review as against +1.47% gain in August 2020.

Furthermore, the NSEASI ended Q32020 in the positive territory with +9.61% gain as against +14.92% gain in Q2 2020 and -20.65% loss in Q1 2020 while the NASD USI closedthe quarter northwards with +2.55% gain as against +3.29% gain in Q2 2020 and -0.69% loss recorded in Q12020.

YTD, theNSEASI has dipped by -0.04% while the NASD USI inched up by +5.19% so far in theyear.

Onmarket development, regulation and investors protection, the Securities and Exchange Commission has proposed new rules on Collateral Management andCrowdfunding while sundry amendments to its rules onRegistrable functions, risk management, sub-broker and records of transactionswith clients were also proposed.

Also,the Securities and Exchange Commission issued guidance on the implementation of sections60-63 of the Investments and Securities Act2007 while the Chairman and other members of the Investment and SecuritiesTribunal (IST) were sworn in by the Honourable Minister of finance, Budgetand National Planning as she urged them to diligentlywork together to discharge their responsibilities.

Q3 2020 Market Review

The Q3 2020 markets review done in the Capital MarketService Report for September 2020 focused on the following;

Market Performance in Q3 2020, and
Gainers and Losers in Q3 2020

Market Performance in Q3 2020

A review of the NSE sector indices performance in Q32020 revealed that NSE AFRBVI, NSE MERIGRW and NSE CG Indices all topped toclose green with +14.62%, +11.64% and +11.55% gains while NSE ASeM and Oil and Gas Indices recorded-1.83% and -0.68% returns respectively to close the quarter in red.

Market Performance
Sectors	30-Jun-20	30-Sep-20	YTD % Chg
NSE ASI	24,479.22	26,831.76	9.61%
NSE-30	1,052.09	1,148.54	9.17%
NSE Consumer Goods	441.71	453.82	2.74%
NSE Banking	281.96	310.39	10.08%
NSE Insurance	129.72	138.81	7.01%
NSE Oil and Gas	196.47	195.14	-0.68%
NSE LII	1,825.74	1,933.41	5.90%
NSE-IND	1,103.86	1,193.76	8.14%
NSE-ASeM	742.08	728.51	-1.83%
NSE Pension	953.14	1,051.48	10.32%
NSE Premium	2,125.17	2,370.26	11.53%
NSE Main Board	1,033.03	1,122.18	8.63%
NSECG	845.36	942.96	11.55%
NSEAFRBVI	768.52	880.91	14.62%
NSEAFRHDYI	1,369.95	1,530.72	11.74%
NSEMERIGRW	1,247.37	1,392.55	11.64%
NSEMERIVAL	1,262.99	1,337.17	5.87%
Dangote Index	68.15	76.18	11.78%
Elumelu Index	75.27	75.61	0.45%

Source: NSE, Proshare Research

Gainer and Losers in Q3 2020 on NSE

At the end of Q3 2020, market recorded forty-two (42) gainers tofifty-five (55) losers.

WAPCO and NB topped the list of gainers with +60.00%and +45.57% returns while ABCTRANS and ARBICO topped the losers' chart with -46.43%and -45.50% returns respectively.

Gainers in Q3 2020

S/No	Symbol	30-Jun-20	30-Sep-20	% Chg
1	WAPCO	10	16.00	60.00%
2	NB	36.1	52.55	45.57%
3	STANBIC	30.25	40.50	33.88%
4	UPL	1.01	1.33	31.68%
5	UCAP	2.55	3.33	30.59%
6	FTNCOCOA	0.2	0.26	30.00%
7	CORNERST	0.55	0.71	29.09%
8	HMARKINS	0.3	0.37	23.33%
9	GUARANTY	22.05	27.00	22.45%
10	UNITYBNK	0.48	0.57	18.75%
11	FIDSON	2.98	3.53	18.46%
12	PRESTIGE	0.51	0.60	17.65%
13	ROYALEX	0.23	0.27	17.39%
14	PRESCO	45.25	53.00	17.13%
15	AIRTELAFRI	328.7	380.00	15.61%
16	FLOURMILL	19	21.65	13.95%
17	LAWUNION	1.03	1.16	12.62%
18	NEIMETH	1.65	1.85	12.12%
19	ETERNA	2.24	2.50	11.61%
20	JOHNHOLT	0.51	0.56	9.80%
21	REGALINS	0.21	0.23	9.52%
22	AFRIPRUD	4.11	4.50	9.49%
23	DANGCEM	127	139.00	9.45%
24	FIDELITYBK	1.74	1.90	9.20%
25	FCMB	1.93	2.10	8.81%
26	LASACO	0.25	0.27	8.00%
27	MTNN	117.5	126.50	7.66%
28	ZENITHBANK	16.1	17.30	7.45%
29	VITAFOAM	5.59	5.95	6.44%
30	PZ	4	4.25	6.25%
31	CUTIX	1.6	1.70	6.25%
32	MANSARD	1.76	1.84	4.55%
33	BUACEMENT	38.7	40.40	4.39%
34	CADBURY	6.75	7.00	3.70%
35	OKOMUOIL	77.4	80.00	3.36%
36	SEPLAT	386	398.00	3.11%
37	ACCESS	6.55	6.75	3.05%
38	DANGSUGAR	12	12.30	2.50%
39	TRANSEXPR	0.8	0.82	2.50%
40	FBNH	5.25	5.35	1.90%
41	MOBIL	192.6	195.10	1.30%
42	MAYBAKER	2.87	2.90	1.05%

Source: NSE, Proshare Research

Losers in Q3 2020

S/No	Symbol	30-Jun-20	30-Sep-20	% Chg
1	ABCTRANS	0.56	0.30	-46.43%
2	ARBICO	1.89	1.03	-45.50%
3	OMOSAVBNK	0.9	0.60	-33.33%
4	SMURFIT	0.29	0.20	-31.03%
5	CONOIL	21	15.25	-27.38%
6	LINKASSURE	0.48	0.38	-20.83%
7	UACN	8	6.35	-20.63%
8	TRIPPLEG	0.5	0.40	-20.00%
9	JBERGER	19.85	16.00	-19.40%
10	BETAGLAS	68.35	55.40	-18.95%
11	INITSPLC	0.7	0.57	-18.57%
12	CAP	20.65	17.00	-17.68%
13	ETI	4.95	4.10	-17.17%
14	AIICO	0.92	0.79	-14.13%
15	UBN	5.9	5.15	-12.71%
16	NAHCO	2.29	2.00	-12.66%
17	CAVERTON	1.98	1.73	-12.63%
18	UNILEVER	15.3	13.60	-11.11%
19	TRANSCORP	0.65	0.58	-10.77%
20	CAPHOTEL	2.7	2.42	-10.37%
21	UHOMREIT	45.2	40.65	-10.07%
22	STUDPRESS	1.99	1.79	-10.05%
23	MRS	13.8	12.45	-9.78%
24	TOTAL	97.5	88.00	-9.74%
25	INTENEGINS	0.42	0.38	-9.52%
26	ACADEMY	0.32	0.29	-9.38%
27	DAARCOMM	0.33	0.30	-9.09%
28	CUSTODIAN	5.5	5.00	-9.09%
29	GLAXOSMITH	5.5	5.00	-9.09%
30	UAC-PROP	0.99	0.90	-9.09%
31	CILEASING	4.6	4.20	-8.70%
32	UNIONDAC	0.27	0.25	-7.41%
33	FO(ARDOVA)	11.8	11.00	-6.78%
34	NESTLE	1256.8	1,175.00	-6.51%
35	CHAMPION	0.95	0.89	-6.32%
36	MCNICHOLS	0.5	0.47	-6.00%
37	NNFM	4.3	4.05	-5.81%
38	BOCGAS	4.51	4.25	-5.76%
39	HONYFLOUR	0.95	0.90	-5.26%
40	INTBREW	4.1	3.90	-4.88%
41	STERLNBANK	1.25	1.19	-4.80%
42	REDSTAREX	3.15	3.00	-4.76%
43	CHAMS	0.21	0.20	-4.76%
44	JAPAULOIL	0.21	0.20	-4.76%
45	BERGER	6.75	6.50	-3.70%
46	GUINNESS	14.5	14.00	-3.45%
47	LIVESTOCK	0.62	0.60	-3.23%
48	IKEJAHOTEL	0.95	0.92	-3.16%
49	OANDO	2.3	2.23	-3.04%
50	LEARNAFRCA	1.17	1.14	-2.56%
51	UBA	6.25	6.10	-2.40%
52	INFINITY	1.39	1.36	-2.16%
53	WEMABANK	0.54	0.53	-1.85%
54	NEM	2.06	2.03	-1.46%
55	NASCON	10.5	10.40	-0.95%

Source: NSE, Proshare Research

In this edition of The Nigerian Capital MarketService Report, we continue the updates of our datasection with latest figures on Economic indicators & Upcoming Events in themarket and economy. This is to ensure that we deliver a comprehensive capitalmarket service report that helps cover and track innovations, developments aswell as service issues in the market effectively.

In all,the September 2020 SSS Quality Report is a snapshot and aidememoire of developments in our market - tracking milestones that the investingpublic should be aware of. Do feel free to share your opinions/observations andfeedback with us vide [email protected]

Thank you.

For: Analyst Editorial Board

Reshu BAGGA

CEO, The Analyst

Chart 1: Capital Market Size By Exchanges - September 2020

Proshare Nigeria Pvt. Ltd.