The April 2020 Nigerian Capital Market Service Report - Proshare

Friday, May 01, 2020 10:40 PM / [email protected] / Header Image Credit: EcoGraphics

Nigerian Equities Market closed the month of April 2020 in green as marketwitnessed bargain hunting during the month under review. The NSEASI inches upby +8.08% as against -18.75% loss recorded in the month of March 2020 while the NASD USI closednorthwards with +1.16% gain recorded at the end of the month under review asagainst -1.10% loss in March 2020. The gain recorded in the NASD OTCMarket erased the loss recorded in the previous month.

YTD, the NSEASI has dipped by -14.24% while the NASD USI inches up by +0.46% so far in the year.

Onmarket development, regulation and investors protection, the Securities andExchange Commission published the guidelines for the Issuance Of Fixed Income Securities ByStatutory Bodies In WASRA Member Countries. This move is expected to help achieve theobjective of fostering Capital Market integration in West Africa.

Also,the Nigerian Stock Exchange hasproposed an amendment to its listing requirements. Theamendment will see The Exchange introduce arule that will require Issuers to make shares available for trading on thelisting day and also seek to provide a clearer description of Listing byIntroduction.

Changes Dueto COVID-19

Virtual Meetings

With COVID-19 beingdeclared a global pandemic by the World Health Origination, constitutedauthorities, health experts and Centers for Disease Control (CDCs) have had topreach about hygiene and social distancing to reduce the spread of the virus.

Businesses and itsregulators also had to begin to do things differently in compliance with theguidance from the health regulators. This, in a nutshell, brought about a newway to how Annual General Meetings are being held and conducted.

The Corporate AffairsCommission (CAC) in March 2020 issued guidelines for the conduct of AGMs usingproxies. The details of the guidelines can be found here.

GTBank Plcwas the first listed entity to hold its AGM following the guidelines issued bythe CAC. Other entities followed suit as records showed that nine (9) companiesheld their AGMs virtually in the month of April 2020.

S/N	Names of Company	AGM Date
1	Africa Prudential Plc	28-Apr-20
2	United Capital Plc	28-Apr-20
3	United Bank for Africa Plc	29-Apr-20
4	Transnational Corporation of Nigeria Plc	28-Apr-20
5	Transcorp Hotels Plc	28-Apr-20
6	FCMB Group Plc	28-Apr-20
7	FBN Holdings Plc	28-Apr-20
8	Custodian Investment Plc	15-Apr-20
9	Access Bank Plc	30-Apr-20

Source: NSE,Proshare Research

Stocks Trading at High andLow

Analysis on stocks tradingat year high and low reflected that eleven (11) stocks are trading at theiryear high as at the end of April 2020 while thirty-four (34) stocks are tradingat their year low within the period under review.

Performance review of thestocks trading at year high showed that they all recorded positive YTD return. EKOCORPlead the list with +41.18% YTD gain.

On the other hand,twenty-nine (29) stocks trading at year low recorded negative YTD return whilefive (5) closed flat. SKYVANtopped the list with -65.39% YTD loss.

7 Stocks Trading At YearHigh

SN	Ticker	30-Apr-20	YtD %	Yr high	Yr low
1	ABBEYBDS	1.05	5.00%	1.05	1.00
2	BETAGLAS	70.00	30.11%	70.00	53.80
3	EKOCORP	6.00	41.18%	6.00	4.25
4	ETRANZACT	2.61	0.00%	2.61	2.03
5	JBERGER	25.80	29.65%	25.80	19.90
6	LIVESTOCK	0.70	40.00%	0.70	0.46
7	MAYBAKER	2.70	39.90%	2.70	1.79
8	MOBIL	160.90	8.79%	160.90	133.20
9	MOBIL	160.90	8.79%	160.90	133.20
10	MORISON	0.60	20.00%	0.60	0.50
11	UNIONDAC	0.31	40.91%	0.31	0.20

Source: NSE,Proshare Research

34 Stocks Trading At YearLow

SN	Ticker	30-Apr-20	YtD %	Yr high	Yr low
1	ACADEMY	0.31	-16.22%	0.37	0.31
2	ARBICO	2.57	-26.78%	3.51	2.57
3	AUSTINLAZ	2.03	-2.87%	2.09	2.03
4	BOCGAS	3.65	-33.64%	5.50	3.65
5	CAPHOTEL	2.70	-1.82%	2.75	2.70
6	CHELLARAM	2.78	0.00%	2.78	2.78
7	DAARCOMM	0.33	-8.33%	0.36	0.33
8	DEAPCAP	0.33	-17.50%	0.40	0.33
9	GOLDBREW	0.81	-8.99%	0.89	0.81
10	GUINNESS	18.40	-38.77%	30.20	18.40
11	INFINITY	1.36	-2.16%	1.39	1.36
12	INTERLINK	2.91	-9.06%	3.20	2.91
13	JAPAULOIL	0.20	0.00%	0.26	0.20
14	JOHNHOLT	0.51	-8.93%	0.56	0.51
15	MBENEFIT	0.20	0.00%	0.21	0.20
16	MRS	13.80	-9.80%	15.30	13.80
17	NCR	2.00	-55.56%	4.50	2.00
18	NIGERINS	0.20	0.00%	0.22	0.20
19	OKOMUOIL	55.05	-0.99%	68.00	55.05
20	OMATEK	0.31	-38.00%	0.50	0.31
21	PRESCO	36.45	-23.26%	57.05	36.45
22	PRESTIGE	0.50	-9.09%	0.61	0.50
23	ROYALEX	0.20	-33.33%	0.33	0.20
24	RTBRISCOE	0.20	-4.76%	0.21	0.20
25	SEPLAT	494.40	-24.84%	605.00	490.10
26	SKYAVN	1.45	-65.39%	4.19	1.45
27	SOVRENINS	0.20	0.00%	0.22	0.20
28	THOMASWY	0.35	-7.89%	0.38	0.35
29	TOTAL	96.30	-13.17%	117.00	96.30
30	TOURIST	3.15	-10.00%	3.50	3.15
31	TRANSCOHOT	4.00	-18.37%	4.90	4.00
32	TRIPPLEG	0.58	-9.38%	0.64	0.58
33	UAC-PROP	0.77	-23.00%	1.08	0.77
34	UNIONDICON	10.95	-9.88%	12.15	10.95

Source: NSE,Proshare Research

Penny Stocks

Analysis on stocks listedrevealed that one hundred and nine (109) stocks are currently trading as pennystocks as at April 30^th, 2020. For the purpose of this analysis,stocks trading below the share price of N5 are considered as penny stocks.

Out of the 109 pennystocks, twelve (12) recorded positive YTD return, fifty-eight (58) recordednegative YTD return while thirty-nine (39) remained flat.

LAWUNIONand UNIONDACtopped the list of penny stocks with +100%and +40.91% YTD returns while SKYAVNand NCRlead otherwise with -65.39% and -55.56% loss

SN	Ticker	30-Apr-20	YtD %	Yr high	Yr low
1	LAWUNION	1.00	100.00%	1.22	0.50
2	UNIONDAC	0.31	40.91%	0.31	0.20
3	LIVESTOCK	0.70	40.00%	0.70	0.46
4	MAYBAKER	2.70	39.90%	2.70	1.79
5	CORNERST	0.55	22.22%	0.69	0.45
6	MORISON	0.60	20.00%	0.60	0.50
7	AIICO	0.86	19.44%	1.01	0.67
8	VITAFOAM	4.96	12.73%	5.50	3.95
9	NPFMCRFBK	1.25	8.70%	1.36	0.85
10	LASACO	0.27	8.00%	0.29	0.20
11	ABBEYBDS	1.05	5.00%	1.05	1.00
12	HONYFLOUR	1.00	1.01%	1.18	0.83
13	GSPECPLC	4.65	0.00%	4.65	4.65
14	NNFM	4.30	0.00%	4.30	4.30
15	ELLAHLAKES	4.25	0.00%	4.25	4.25
16	NIG-GERMAN	3.62	0.00%	3.62	3.62
17	UNHOMES	3.02	0.00%	3.02	3.02
18	SCOA	2.93	0.00%	2.93	2.93
19	CHELLARAM	2.78	0.00%	2.78	2.78
20	ETRANZACT	2.61	0.00%	2.61	2.03
21	CWG	2.54	0.00%	2.54	2.54
22	PORTPAINT	2.23	0.00%	2.23	2.23
23	STUDPRESS	1.99	0.00%	1.99	1.99
24	MEDVIEWAIR	1.62	0.00%	1.62	1.62
25	PHARMDEKO	1.50	0.00%	1.50	1.50
26	LINKASSURE	0.53	0.00%	0.62	0.38
27	ASOSAVINGS	0.50	0.00%	0.50	0.50
28	EVANSMED	0.50	0.00%	0.50	0.50
29	STACO	0.48	0.00%	0.48	0.48
30	INTENEGINS	0.38	0.00%	0.38	0.38
31	MULTITREX	0.36	0.00%	0.36	0.36
32	AFROMEDIA	0.34	0.00%	0.34	0.34
33	AFRINSURE	0.20	0.00%	0.20	0.20
34	DUNLOP	0.20	0.00%	0.20	0.20
35	FTNCOCOA	0.20	0.00%	0.20	0.20
36	GOLDINSURE	0.20	0.00%	0.20	0.20
37	GUINEAINS	0.20	0.00%	0.20	0.20
38	JAPAULOIL	0.20	0.00%	0.26	0.20
39	MBENEFIT	0.20	0.00%	0.21	0.20
40	MULTIVERSE	0.20	0.00%	0.20	0.20
41	NIGERINS	0.20	0.00%	0.22	0.20
42	NSLTECH	0.20	0.00%	0.20	0.20
43	REGALINS	0.20	0.00%	0.20	0.20
44	RESORTSAL	0.20	0.00%	0.20	0.20
45	SOVRENINS	0.20	0.00%	0.22	0.20
46	STDINSURE	0.20	0.00%	0.20	0.20
47	SUNUASSUR	0.20	0.00%	0.20	0.20
48	TANTALIZER	0.20	0.00%	0.20	0.20
49	UNIC	0.20	0.00%	0.20	0.20
50	UNIVINSURE	0.20	0.00%	0.20	0.20
51	VERITASKAP	0.20	0.00%	0.20	0.20
52	NAHCO	2.38	-0.83%	2.95	2.03
53	CAPHOTEL	2.70	-1.82%	2.75	2.70
54	INFINITY	1.36	-2.16%	1.39	1.36
55	TRANSEXPR	0.90	-2.17%	0.92	0.81
56	UCAP	2.34	-2.50%	3.54	1.90
57	AUSTINLAZ	2.03	-2.87%	2.09	2.03
58	NEM	2.35	-2.89%	2.42	1.44
59	NEIMETH	0.60	-3.23%	0.62	0.40
60	IKEJAHOTEL	1.07	-4.46%	1.21	0.90
61	RTBRISCOE	0.20	-4.76%	0.21	0.20
62	FCMB	1.72	-7.03%	2.09	1.45
63	MEYER	0.50	-7.41%	0.54	0.46
64	CAVERTON	2.47	-7.49%	2.95	2.08
65	THOMASWY	0.35	-7.89%	0.38	0.35
66	DAARCOMM	0.33	-8.33%	0.36	0.33
67	COURTVILLE	0.21	-8.70%	0.26	0.20
68	AFRIPRUD	3.65	-8.75%	5.25	3.20
69	LEARNAFRCA	1.03	-8.85%	1.24	0.90
70	JOHNHOLT	0.51	-8.93%	0.56	0.51
71	GOLDBREW	0.81	-8.99%	0.89	0.81
72	CUTIX	1.21	-9.02%	1.43	1.16
73	INTERLINK	2.91	-9.06%	3.20	2.91
74	PRESTIGE	0.50	-9.09%	0.61	0.50
75	TRIPPLEG	0.58	-9.38%	0.64	0.58
76	TOURIST	3.15	-10.00%	3.50	3.15
77	JAIZBANK	0.55	-11.29%	0.72	0.39
78	FIDELITYBK	1.79	-12.68%	2.37	1.53
79	CHAMPION	0.81	-14.74%	0.99	0.71
80	ACADEMY	0.31	-16.22%	0.37	0.31
81	UPL	1.06	-17.19%	1.31	0.90
82	DEAPCAP	0.33	-17.50%	0.40	0.33
83	TRANSCOHOT	4.00	-18.37%	4.90	4.00
84	UPDCREIT	3.40	-20.00%	4.45	3.10
85	MANSARD	1.58	-20.20%	2.14	1.51
86	WEMABANK	0.59	-20.27%	0.79	0.44
87	FIDSON	2.45	-20.97%	2.80	2.21
88	ABCTRANS	0.35	-22.22%	0.45	0.27
89	UAC-PROP	0.77	-23.00%	1.08	0.77
90	CHIPLC	0.30	-23.08%	0.42	0.25
91	WAPIC	0.26	-23.53%	0.38	0.21
92	VETBANK	2.72	-23.81%	4.04	2.34
93	FBNH	4.60	-25.20%	7.70	3.70
94	PZ	4.20	-25.66%	5.85	3.75
95	ARBICO	2.57	-26.78%	3.51	2.57
96	CHAMS	0.23	-30.30%	0.37	0.20
97	UNITYBNK	0.44	-31.25%	0.80	0.40
98	ETI	4.45	-31.54%	8.00	3.90
99	TRANSCORP	0.66	-33.33%	1.09	0.56
100	ROYALEX	0.20	-33.33%	0.33	0.20
101	BOCGAS	3.65	-33.64%	5.50	3.65
102	REDSTAREX	2.90	-34.83%	4.45	2.73
103	STERLNBANK	1.28	-35.68%	2.04	0.99
104	VETGOODS	3.71	-37.65%	5.95	3.15
105	OANDO	2.48	-37.84%	3.99	1.89
106	OMATEK	0.31	-38.00%	0.50	0.31
107	ETERNA	2.16	-40.00%	3.60	1.99
108	NCR	2.00	-55.56%	4.50	2.00
109	SKYAVN	1.45	-65.39%	4.19	1.45

Source: NSE,Proshare Research

Gainers and Losers

A review of the list ofadvancers and decliners during the lockdown period reflected that fifty-two(52) gainers were recorded while twenty-seven (27) losers were recorded.

GLAXOSMITHand MAYBAKERlead the list of gainers during the lockdown while SKYAVNand CILEASINGlead the list of losers during the lockdown.

Gainers During Lockdown

SN	Ticker	26-Mar-20	30-Apr-20	% Chg
1	GLAXOSMITH	3.50	5.35	52.86%
2	MAYBAKER	1.95	2.70	38.46%
3	DANGSUGAR	9.00	12.45	38.33%
4	NEM	1.72	2.35	36.63%
5	CONOIL	13.15	17.40	32.32%
6	LINKASSURE	0.41	0.53	29.27%
7	UNIONDAC	0.24	0.31	29.17%
8	LASACO	0.21	0.27	28.57%
9	WAPCO	9.30	11.80	26.88%
10	NEIMETH	0.48	0.60	25.00%
11	CADBURY	6.20	7.50	20.97%
12	NESTLE	765.00	920.20	20.29%
13	LIVESTOCK	0.59	0.70	18.64%
14	STERLNBANK	1.08	1.28	18.52%
15	NASCON	8.50	10.05	18.24%
16	ZENITHBANK	12.10	14.30	18.18%
17	UBA	5.15	6.05	17.48%
18	STANBIC	24.30	28.50	17.28%
19	JBERGER	22.00	25.80	17.27%
20	VITAFOAM	4.25	4.96	16.71%
21	GUARANTY	18.00	21.00	16.67%
22	OANDO	2.15	2.48	15.35%
23	AIICO	0.75	0.86	14.67%
24	FCMB	1.50	1.72	14.67%
25	WEMABANK	0.52	0.59	13.46%
26	JAIZBANK	0.49	0.55	12.24%
27	MTNN	100.00	112.00	12.00%
28	NB	26.80	30.00	11.94%
29	FBNH	4.15	4.60	10.84%
30	HONYFLOUR	0.91	1.00	9.89%
31	BERGER	6.10	6.70	9.84%
32	MOBIL	146.50	160.90	9.83%
33	CAVERTON	2.25	2.47	9.78%
34	MORISON	0.55	0.60	9.09%
35	NPFMCRFBK	1.15	1.25	8.70%
36	MEYER	0.46	0.50	8.70%
37	IKEJAHOTEL	0.99	1.07	8.08%
38	CHAMPION	0.75	0.81	8.00%
39	UPDCREIT	3.15	3.40	7.94%
40	ACCESS	6.15	6.60	7.32%
41	UPL	0.99	1.06	7.07%
42	NEWGOLD	6800.00	7280.00	7.06%
43	UCAP	2.20	2.34	6.36%
44	ETI	4.20	4.45	5.95%
45	LAWUNION	0.95	1.00	5.26%
46	FIDSON	2.33	2.45	5.15%
47	UNITYBNK	0.42	0.44	4.76%
48	NAHCO	2.30	2.38	3.48%
49	LEARNAFRCA	1.00	1.03	3.00%
50	UBN	6.60	6.75	2.27%
51	FLOURMILL	20.80	21.00	0.96%
52	DANGCEM	129.70	130.00	0.23%

Source: NSE,Proshare Research

Losers During Lockdown

SN	Ticker	26-Mar-20	30-Apr-20	% Chg
1	SKYAVN	2.63	1.45	-44.87%
2	CILEASING	6.85	5.00	-27.01%
3	GUINNESS	25.20	18.40	-26.98%
4	PRESTIGE	0.60	0.50	-16.67%
5	UAC-PROP	0.92	0.77	-16.30%
6	ARDOVA	13.80	11.55	-16.30%
7	CUTIX	1.40	1.21	-13.57%
8	BOCGAS	4.05	3.65	-9.88%
9	ARBICO	2.85	2.57	-9.82%
10	MANSARD	1.75	1.58	-9.71%
11	ETERNA	2.39	2.16	-9.62%
12	SEPLAT	544.50	494.40	-9.20%
13	ROYALEX	0.22	0.20	-9.09%
14	JOHNHOLT	0.56	0.51	-8.93%
15	ACADEMY	0.34	0.31	-8.82%
16	OMATEK	0.34	0.31	-8.82%
17	BUACEMENT	35.30	32.60	-7.65%
18	UACN	7.30	6.90	-5.48%
19	CORNERST	0.58	0.55	-5.17%
20	PZ	4.40	4.20	-4.55%
21	AFRIPRUD	3.80	3.65	-3.95%
22	REDSTAREX	3.00	2.90	-3.33%
23	CAP	21.50	20.90	-2.79%
24	CUSTODIAN	5.90	5.75	-2.54%
25	CAPHOTEL	2.75	2.70	-1.82%
26	TRANSCORP	0.67	0.66	-1.49%
27	FIDELITYBK	1.81	1.79	-1.10%

Source: NSE,Proshare Research

In this edition of The NigerianCapital Market Service Report, we continue the updates of our data section withlatest figures on Economic indicators & Upcoming Events in the market andeconomy. This is to ensure that we deliver a comprehensive capital marketservice report that helps cover and track innovations, developments as well asservice issues in the market effectively.

In all, the April 2020 SSS Quality Report isa snapshot and aide memoire of developments in our market - tracking milestonesthat the investing public should be aware of. Do feel free to share youropinions/observations and feedback with us vide [email protected]

Thank you.

For: Analyst Editorial Board

Reshu BAGGA

CEO, The Analyst

Proshare Nigeria Pvt. Ltd.