Culled—Proshare

20/12/2016/Proshare Markets

Nigerian Stock Market performance in 2016 has been very bearish. NSE ASI remained in the negative territory in terms of YTD performance review in most trading days of the year.

The index currently records -7.18% YTD loss as at 19^th December, 2016.

Stock market closed the month of January 2016 with a whooping loss of -16.05%. This represents the highest monthly loss recorded so far in 2016 while the +10.38% gain recorded in May 2016 represented the highest monthly gain recorded in 2016.

The market has so far recorded +5.33% gain in December as 19^th December, 2016.

Market quarterly performance review reveals that NSE ASI recorded -11.65% loss in Q1’16 while the index retracted in Q2’16 with +16.96% gain to clear previous quarter losses.

In Q3’16, the index dropped by -4.27% while it has also dropped further in Q4’16 by -6.17% as at 19^th December, 2016.

NSE Banking 
The NSE banking index is the only index out of the 5 key sector indices that currently records a positive YTD return as at 19^th December, 2016. The index records +2.25% YTD gains while at the end of 2015 it dropped by -23.59%.

NSE Consumer Goods
The NSE consumer goods index currently records -5.38% YTD loss as at 19^th December, 2016. The performance simply mirrors what the FMCGs companies are going through due to the economic recession being experienced in the country.

At the end of 2015, the index dropped by -17.41% , its current performance represents an extension of previous year’s loss.

NSE Oil & Gas
The NSE oil & gas index records -10.05% YTD loss as at 19^th December, 2016. The index dropped by -6.20% at the end of 2015 while its current 2016 performance reveals that higher losses has been recorded compared to the previous year’s performance.

NSE Insurance
The NSE insurance index records -14.12% YTD loss as at 19^th December, 2016. The index dropped by -4.70% at the end of 2015, its 2016 performance shows a further increase in loss.

NSE Industrial
The NSE industrial index records the highest YTD loss so far in 2016. It dropped by -28.56% as at 19^th December, 2016. Also, it is the only sector index that recorded a positive return at the end of the 2015, it went up by +1.27%.