These are the Worst and Best performing stocks Ytd

These are the Worst and Best performing stocks Ytd

Fig 1: Best Performers

Column1 Column2
DANGOTE FLOUR MILLS PLC 245.13%
UNITED CAPITAL PLC 98.47%
TOTAL NIGERIA PLC 96.93%
NEWGOLD EXCHANGE TRADED FUND (ETF) 95.49%
SEPLAT PETROLEUM DEVELOPMENT COMPANY LTD 90.09%
E-TRANZACT INTERNATIONAL PLC 69.08%
A.G. LEVENTIS NIGERIA PLC 50.00%
ETERNA OIL & GAS PLC 45.37%
CONOIL PLC 45.11%
UNION DICON SALT   PLC 39.27%

Source: Business Day Research

Nigerian retail investors have largely shunned the stock market following the home grown collapse that occurred in 2008/2009.

Trading volumes have also been falling this year as foreign investors shun Nigeria’s equity markets due to capital controls introduced by the Central Bank.

In spite of all the negative headlines, there is still money to be made in a few Nigerian stocks.

We decided to run a screen (See fig 1 & 2) to find out which stocks are outperforming the benchmark index and those that are laggards.

We can see from the results that Dangote Flour Mills topped the gainers chart with a 245 percent gain year to date.

The Nigerian Stock Exchange (NSE) all share index has lost 2.7 percent this year by comparison.

Other top gainers include United Capital Plc (+98%), Total Nigeria (+96%), Seplat (+90%) and Union Dicon Salt (+39.2%).

The top ten lists of gainers are pretty diversified with oil and gas names, food and beverage firms, financial services and technology.

On the downside the top laggards list include Caverton Offshore support group Plc (-69%), Skye Bank (-60%), Lafarge Wapco (-56%) and UACN (-44%).

 

Fig 2: Worst Performers

Company YTD Performance %
UACN PROPERTY DEVELOPMENT -44.01%
GLAXO SMITHKLINE CONSUMER NIG. PLC -46.23%
DIAMOND BANK NIGERIA PLC -47.83%
VITAFOAM NIG PLC -48.80%
FORTIS MICROFINANCE BANK -49.90%
FORTE OIL PLC. -56.02%
LAFARGE (WAPCO) PLC. -56.10%
PORTLAND PAINTS & PRODUCTS NIGERIA PLC -59.57%
SKYE BANK PLC -60.76%
CAVERTON OFFSHORE SUPPORT GROUP PLC -69.23%

Source: Business Day Research

 

PATRICK ATUANYA

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