• About Us
  • Terms & Conditions
  • Contact Us
Sunday, September 24, 2023
Investogist
No Result
View All Result
  • Home
  • News
    • All
    • Africa
    • Nigeria
    • World
    Rwanda: Paul Kagame announces he will run for a fourth term

    Rwanda: Paul Kagame announces he will run for a fourth term

    Breaking: Tribunal Sacks Kano State Governor Abba Kabir of NNPP

    Breaking: Tribunal Sacks Kano State Governor Abba Kabir of NNPP

    Rivers State Police Command arrests Police Officers involved in alleged extortion and kidnapping

    Rivers State Police Command arrests Police Officers involved in alleged extortion and kidnapping

    Mass shootings in USA surpass 500 this year – Report

    Mass shootings in USA surpass 500 this year – Report

    Hakeem Baba-Ahmed to serve as Special Adviser to VP Kashim Shettima

    Hakeem Baba-Ahmed to serve as Special Adviser to VP Kashim Shettima

    Nine Appeal Court Justices to be sworn in Chief Justice of Nigeria

    Nine Appeal Court Justices to be sworn in Chief Justice of Nigeria

    “CBN plans to shut down financial transactions” – Apex Bank warns of fake news

    President Tinubu Nominates New CBN Governor and Management Team

    Zelensky’s virtual speeches to Parliaments around the world invoking history

    We will not hand over male refugees for military draft, EU States tell President Zelensky

    FG issues Flood Alert: 13 States, 50 Communities to be affected

    FG issues Flood Alert: 13 States, 50 Communities to be affected

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Headline Inflation in Nigeria rose to 22.04% in March

    Food prices continue to soar in Nigeria as inflation hits 25.80%

    NERC hikes electricity meter price by 40%

    NERC hikes electricity meter price by 40%

    NNPC says no plan to increase petrol price in March

    Nigeria’s daily petrol consumption dropped by 16.8% in July – report

    Student Loan Act: How to apply for the loan, all you need to know

    Tinubu establishes presidential CNG initiative, targets nationwide adoption

    Subsidy Palliative: FG gives states N5bn to buy rice, maize

    Subsidy Palliative: FG gives states N5bn to buy rice, maize

    FG to streamline taxes from 52 to 10, rename FIRS

    FG to streamline taxes from 52 to 10, rename FIRS

    Student Loan Act: How to apply for the loan, all you need to know

    FG establishes ‘Infrastructure Support Fund (ISF) for the 36 States of the Federation’

    Headline Inflation in Nigeria rose to 22.04% in March

    Inflation in Nigeria rises to 22.79% in June 2023

    CBN extends Naira 4 Dollar Scheme for diaspora remittances until further notice

    CBN includes Naira as payout option for diaspora remittance

    • Policies
    • Budgets
    • Economic Data
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    NGX Daily Equities Market Report: Market gains for third consecutive days

    Nigerian Exchange: Stock Market report for week ended 22 September 2023

    NGX Daily Equities Market Report: Market gains for third consecutive days

    Nigerian Exchange: Stock Market report for week ended 15 September 2023

    MTN Nigeria to pay over N200 billion final dividend for 2022

    List of Dividends announced in 2023, qualification and payment dates

    NGX Daily Equities Market Report: Market gains for third consecutive days

    Nigerian Exchange: Stock Market report for week ended 8 September 2023

    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    The NGX- ASI declined by 0.07% as VITAFOAM loses 10%

    Local Bourse closed in Bullish Territory… As NGX-ASI at 0.31%

    The NGX- ASI gained by 1.11% as Dangote Sugar rises another 10%

    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    The NGX- ASI declined by 0.08% as TRANSCORP falls 9.99%

    TRANSCORP reports 528.45% rise in profit for 2021 FY

    The NGX- ASI gained by 0.51% as TRANSCORP rises above N7

    Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

    The NGX- ASI gained by 0.90% as Dangote Sugar rises above N50

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    Court sanctions transfer of Access Bank Plc Shares to Holding Company

    Access Holdings Plc declares 30 kobo interim dividend for H1 2023

    Dr. Cardoso assumes duty as CBN acting Governor

    Dr. Cardoso assumes duty as CBN acting Governor

    AIICO Board of Directors approve Dividend Payment and  2021 Financial Statements

    Ellah Lakes Plc gets SEC approval to raise ₦2.9bn new capital via rights issue

    Kyari claims OVH acquisition grew NNPC Retail’s Q1 2023 profit to N18.4bn

    Kyari claims OVH acquisition grew NNPC Retail’s Q1 2023 profit to N18.4bn

    Fidelity Bank to issue 3.03 billion Ordinary Shares by way of Private Placement

    Fidelity Bank Plc completes acquisition of Union Bank Plc UK

    Zenith Bank posts N174bn profit, earns N28.14bn from Account Maintenance in 9 Months

    Zenith Bank Plc reports N291.73bn profit for Half-Year 2023

    Board of Directors UBA approve payment of a final dividend for 2022

    UBA Plc to pay 50 Kobo Interim Dividend for Half-Year 2023

    Dividend Stocks to watch on the Nigerian Exchange – The case for Zenith Bank Plc

    Zenith Bank Plc to pay 50 Kobo Interim Dividend for Half-Year 2023

    PZ Cussons UK to buyout minority shareholders of PZ Cussons Nigeria plc

    PZ Nigeria announces reason for delay in filing Audited Financial Statements

    • Companies
    • Industry
    • Technology
  • Sports
    • Football
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    North-West, South-West lead as INEC registers 96.2 million, Rivers overtakes Katsina

    ELECTION: How to check your polling unit, code online

    4 things to consider before buying a laptop

    4 things to consider before buying a laptop

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Financial Education
  • Vacancies
  • Home
  • News
    • All
    • Africa
    • Nigeria
    • World
    Rwanda: Paul Kagame announces he will run for a fourth term

    Rwanda: Paul Kagame announces he will run for a fourth term

    Breaking: Tribunal Sacks Kano State Governor Abba Kabir of NNPP

    Breaking: Tribunal Sacks Kano State Governor Abba Kabir of NNPP

    Rivers State Police Command arrests Police Officers involved in alleged extortion and kidnapping

    Rivers State Police Command arrests Police Officers involved in alleged extortion and kidnapping

    Mass shootings in USA surpass 500 this year – Report

    Mass shootings in USA surpass 500 this year – Report

    Hakeem Baba-Ahmed to serve as Special Adviser to VP Kashim Shettima

    Hakeem Baba-Ahmed to serve as Special Adviser to VP Kashim Shettima

    Nine Appeal Court Justices to be sworn in Chief Justice of Nigeria

    Nine Appeal Court Justices to be sworn in Chief Justice of Nigeria

    “CBN plans to shut down financial transactions” – Apex Bank warns of fake news

    President Tinubu Nominates New CBN Governor and Management Team

    Zelensky’s virtual speeches to Parliaments around the world invoking history

    We will not hand over male refugees for military draft, EU States tell President Zelensky

    FG issues Flood Alert: 13 States, 50 Communities to be affected

    FG issues Flood Alert: 13 States, 50 Communities to be affected

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Headline Inflation in Nigeria rose to 22.04% in March

    Food prices continue to soar in Nigeria as inflation hits 25.80%

    NERC hikes electricity meter price by 40%

    NERC hikes electricity meter price by 40%

    NNPC says no plan to increase petrol price in March

    Nigeria’s daily petrol consumption dropped by 16.8% in July – report

    Student Loan Act: How to apply for the loan, all you need to know

    Tinubu establishes presidential CNG initiative, targets nationwide adoption

    Subsidy Palliative: FG gives states N5bn to buy rice, maize

    Subsidy Palliative: FG gives states N5bn to buy rice, maize

    FG to streamline taxes from 52 to 10, rename FIRS

    FG to streamline taxes from 52 to 10, rename FIRS

    Student Loan Act: How to apply for the loan, all you need to know

    FG establishes ‘Infrastructure Support Fund (ISF) for the 36 States of the Federation’

    Headline Inflation in Nigeria rose to 22.04% in March

    Inflation in Nigeria rises to 22.79% in June 2023

    CBN extends Naira 4 Dollar Scheme for diaspora remittances until further notice

    CBN includes Naira as payout option for diaspora remittance

    • Policies
    • Budgets
    • Economic Data
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    NGX Daily Equities Market Report: Market gains for third consecutive days

    Nigerian Exchange: Stock Market report for week ended 22 September 2023

    NGX Daily Equities Market Report: Market gains for third consecutive days

    Nigerian Exchange: Stock Market report for week ended 15 September 2023

    MTN Nigeria to pay over N200 billion final dividend for 2022

    List of Dividends announced in 2023, qualification and payment dates

    NGX Daily Equities Market Report: Market gains for third consecutive days

    Nigerian Exchange: Stock Market report for week ended 8 September 2023

    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    The NGX- ASI declined by 0.07% as VITAFOAM loses 10%

    Local Bourse closed in Bullish Territory… As NGX-ASI at 0.31%

    The NGX- ASI gained by 1.11% as Dangote Sugar rises another 10%

    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    The NGX- ASI declined by 0.08% as TRANSCORP falls 9.99%

    TRANSCORP reports 528.45% rise in profit for 2021 FY

    The NGX- ASI gained by 0.51% as TRANSCORP rises above N7

    Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

    The NGX- ASI gained by 0.90% as Dangote Sugar rises above N50

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    Court sanctions transfer of Access Bank Plc Shares to Holding Company

    Access Holdings Plc declares 30 kobo interim dividend for H1 2023

    Dr. Cardoso assumes duty as CBN acting Governor

    Dr. Cardoso assumes duty as CBN acting Governor

    AIICO Board of Directors approve Dividend Payment and  2021 Financial Statements

    Ellah Lakes Plc gets SEC approval to raise ₦2.9bn new capital via rights issue

    Kyari claims OVH acquisition grew NNPC Retail’s Q1 2023 profit to N18.4bn

    Kyari claims OVH acquisition grew NNPC Retail’s Q1 2023 profit to N18.4bn

    Fidelity Bank to issue 3.03 billion Ordinary Shares by way of Private Placement

    Fidelity Bank Plc completes acquisition of Union Bank Plc UK

    Zenith Bank posts N174bn profit, earns N28.14bn from Account Maintenance in 9 Months

    Zenith Bank Plc reports N291.73bn profit for Half-Year 2023

    Board of Directors UBA approve payment of a final dividend for 2022

    UBA Plc to pay 50 Kobo Interim Dividend for Half-Year 2023

    Dividend Stocks to watch on the Nigerian Exchange – The case for Zenith Bank Plc

    Zenith Bank Plc to pay 50 Kobo Interim Dividend for Half-Year 2023

    PZ Cussons UK to buyout minority shareholders of PZ Cussons Nigeria plc

    PZ Nigeria announces reason for delay in filing Audited Financial Statements

    • Companies
    • Industry
    • Technology
  • Sports
    • Football
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    North-West, South-West lead as INEC registers 96.2 million, Rivers overtakes Katsina

    ELECTION: How to check your polling unit, code online

    4 things to consider before buying a laptop

    4 things to consider before buying a laptop

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Financial Education
  • Vacancies
No Result
View All Result
Investogist
No Result
View All Result
Home Markets

The Nigerian Stock Exchange Equities Market in 2020

Saturday, 2 January 2021, 12:12 pm
in Markets, Stocks/Equities
0
The Nigerian Stock Exchange Equities Market in 2020
Share Share Share Share Send as Email

It had been a challenging year for the world, for both individuals and businesses alike because of the COVID-19 outbreak that started in Wuhan China in late 2019.

As the virus spread out of China, and the WHO declared it a Pandemic, global stock exchanges around the world went into a tail-pin, the Nigerian Stock Exchange included. Although the market began the year with a continuation of the bear run that has persisted since 2018.

The All-Share Index stood at 26,842.07 points as of 31st December 2019 and by the time the first case was confirmed in Nigeria on February 27th, it had risen to 29,628.84 points as Investors positioned for dividend and fallen back to 26,808.24 points.

Then came the lock down, and the market endured sustained sell pressures for the entire month of March, hitting rock bottom on 6th April when it closed at 20,669.38 points.

  • Read also; The Local Bourse Wraps Up Eventful Year…as the YtD Return Hits an Impressive +50.0%
  • Domestic Economy: Bouts of Positive Sentiment Eases Outlook on Credit Supply in Q1:2021

From then the rally back upwards began, culminated in a 94.83% rise from the April low to close at 40,270.72 points.

The Nigerian Stock Exchange enjoyed its best performance in many years, as its benchmark index, The NSE All-Share Index (ASI) advanced by 50.03%.

We believe that this performance is skewed because of the weight of the 4 most capitalized stocks, which combined to account for N13.45 trillion of the N21.06 trillion entire market capitalization of the NSE.

In other words, DANGCEM (N4.17 trillion), MTNN (N3.46 trillion), AIRTELAFRI (N3.20 trillion), and BUACEMENT (N2.62 trillion) accounted for 63.86% of the entire market capitalization. A shift in any of these stocks, could on its own shift the direction of the NSE ASI.

Indeed, these stocks had moved significantly in the year; AIRTELAFRI by 184.90%, BUACEMENT by 101.17%, DANGCEM by 72.46% and MTNN by 61.81%.

A review of the major indices of the NSE shows that skewed nature of the market performance; Insurance Index was up by 50.61% (It carries low cap. Stocks that has little impact on market direction), Banking Index was up by 10.14% (it carries the banking stocks that make up most funds’ portfolio), Consumer Goods Index was down by -3.29% (it carries the 5th most capitalised stock; NESTLE which gained only 2.39% in 2020), Oil & Gas Index was down by -13.84% while the Industrial Goods Index was up by 90.81% (it carries DANGCEM and BUACEM).

In addition to the above indices is the ICT whose record over the year is not readily available at the time of this write-up. The ICT Index holds the second and third most capitalised stock in the market; Airtel Africa Plc and MTN Nigeria Plc.

We can conclude therefore that the 50.03% growth of the Nigerian Stock Exchange benchmark index can be attributed to the four most capitalized stock it holds.

Fig: NSE All-Share Index performance in 2020

By; Nnamdi M.

Related Posts:

  • Nigerian Stock Exchange: Week ended 21.08.2020 review and Stock Pick for the week ahead
    Nigerian Stock Exchange: Week ended 21.08.2020 review and…
  • Nigerian Stock Exchange: Week ended 28.08.2020 review and Stock Pick for the week ahead
    Nigerian Stock Exchange: Week ended 28.08.2020 review and…
  • Nigerian Stock Market Review and Stock pick for the week ahead 10th Aug. – 14th Aug. 2020
    Nigerian Stock Market Review and Stock pick for the week…
  • Nigerian Stock Market Review and Stock pick for the week ahead 17th Aug. – 21st Aug. 2020
    Nigerian Stock Market Review and Stock pick for the week…
Previous Post

10 Personal habits to develop in 2021

Next Post

NSE 10 Best and Worst performing stocks in 2020

Next Post
NSE 10 Best and Worst performing stocks in 2020

NSE 10 Best and Worst performing stocks in 2020

Leave a Reply Cancel reply

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

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
MTN Nigeria to pay over N200 billion final dividend for 2022

List of Dividends announced in 2023, qualification and payment dates

Court sanctions transfer of Access Bank Plc Shares to Holding Company

Access Holdings Plc declares 30 kobo interim dividend for H1 2023

NGX Daily Equities Market Report: Market gains for third consecutive days

Nigerian Exchange: Stock Market report for week ended 22 September 2023

Custodian Investments Plc announces 10 kobo interim dividend for H1 2022

List of Dividends announced in 2022, qualification and payment dates

How to become a distributor of Dangote Cement

How to become a distributor of Dangote Cement

Court sanctions transfer of Access Bank Plc Shares to Holding Company

Access Holdings Plc declares 30 kobo interim dividend for H1 2023

NGX Daily Equities Market Report: Market gains for third consecutive days

Nigerian Exchange: Stock Market report for week ended 22 September 2023

Dr. Cardoso assumes duty as CBN acting Governor

Dr. Cardoso assumes duty as CBN acting Governor

AIICO Board of Directors approve Dividend Payment and  2021 Financial Statements

Ellah Lakes Plc gets SEC approval to raise ₦2.9bn new capital via rights issue

Investogist
info@investogist.com

Follow us

Categories

  • Africa
  • Agriculture
  • Arts & Culture
  • Budgets
  • Business
  • Columnists
  • Commodities
  • Companies
  • Cryptocurrencies
  • Economic Data
  • Economy
  • Editorials
  • Financial Education
  • Football
  • Forex
  • Industry
  • Investogist Business Saturday
  • Job Opportunities
  • Markets
  • Nature
  • News
  • Nigeria
  • Op-ed
  • Opinion & Analysis
  • Places & People
  • Policies
  • Rates & Bonds
  • Sports
  • Stocks/Equities
  • Technology
  • Travel & Tours
  • Vacancies
  • World

Quick Links

  • News
  • Economy
  • Markets
  • Business
  • Opinion & Analysis
  • Travel & Tours

Newsletter

Copyright © 2023 investogist.com, All Rights Reserved

  • About Us
  • Terms & Conditions
  • Privacy Policy
  • Contact Us
No Result
View All Result
  • Home
  • News
    • Nigeria
    • Africa
    • World
  • Economy
    • Policies
    • Budgets
    • Economic Data
  • Markets
    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Business
    • Companies
    • Industry
    • Technology
  • Sports
    • Football
  • Opinion & Analysis
    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Financial Education
  • Vacancies

Copyright © 2023 investogist.com, All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

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

Log In

Add New Playlist