Market Review: Performance of equities in April 2020

Trading of equities in the month of April 2020 was done remotely by dealing members as the nation was on a lockdown in fight against COVID-19 pandemic.

At the close of trade in the month of April, the All Share Index appreciated by 8.08% to close at 23,021.01 points from 21,300.47 points at the close of trade in March.

Market Capitalisation appreciated by 8.08% to close the month of April at N11.997 trillion from N11.101 trillion at the close of trade in the month of March.

 

Market Breadth

The market breadth in the month of April closed positive as 49 equities appreciated in their share prices while 28 equities declined in their share prices.

 

Percentage Gainers

Top ten among 49 equities that emerged as gainers in the month of April are Dangote Sugar (38.33%), Conoil (32.32%), Linkage Assurance (29.27%), Wapco (28.26%), May& Baker (26.17%), Neimeth (25.00%), MTN (24.44%), LASACO (22.73%), Zenith Bank (22.22%) and GlaxoSmithKline (21.59%).

 

Percentage Losers

Top ten price decliners in the month of April are Skyway Aviation (-44.87%), Guinness (-26.98%), C&I Leasing (-19.35%), UAC Properties (-18.95%), Ardova Plc (-16.30%), Cutix (-13.57%), CAP (-9.91%), BOCGAS (-9.88%), Arbico (-9.82%) and Mansard (-9.71%).

 

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