Nigerian stock market report for top gainers and losers
We take a look at the top gainers and losers. The DCI which comprises of 21 listed local companies on the main domestic counter and 2 on the venture capital board is a market weighted index.
That means it is sensitive to the performance of companies with large market capital value. Inthe share prices of 16 companies appreciated compared to 12 companies this year. It has turned out to be the most frustrating year for investors: When the economy is under duress, analysts say the markets will be the first to reflect those cracks. The decline of the DCI hence comes as little surprise given the prevailing economic circumstances. Some sectors have been hit the hardest, resulting in negative and low returns for investors.
However not all was lost as some sectors proved their resilience in the face of headwinds. Cresta -Up by The company has recently been in the news for the wrong reasons as the company found itself in a financial scandal that led to the dismissal of the Chief Financial Officer and the resignation of the Managing Director. Nonetheless the tourism and leisure company has outperformed domestic listed companies.
The profits look good and the company is optimistic about future demand as it expands to top tourist destinations like Maun. The company must be chuffed by the spotlight the country is receiving following the release of the United Kingdom film which depicts an actual love and political story of the founding president.
Botswana Insurance Holdings Limited - Under the leadership of Catherine Lesetedi-Letegele, the financial services behemoth with three subsidiaries that spans the insurance and investment management sector has been a consistent performer throughout the year.
The company has held its own in a sector that faces enormous challenges from intense competition, stagnated wages, falling premiums and increased claims from retrenchments. The group took bold steps in increasing its product mix; from acquisitions to brokering deals with banks, tapping into bancassurance as well as looking at regional expansions.
BIHL is a financial services titan originally established in BIHL has been listed on the Botswana Stock Exchange since and is the holding company for three subsidiaries Botswana Insurance Fund Management, Botswana Life Insurance Ltd and Legal Guard and holds a stake in two associate companies; Letshego Holdings and Funeral Service Group as well as a Engen -Up by A surprise performance from the stock with a market valuation of P1. However the stock remained solid and pulled spectacular move when its share price started rising in line with improved market sentiments as oil prices begun to rise.
Chobe Holdings - Up by This tourism listed outfit is the second best performing stock in the tourism sector. The company ended the year with impressive financials: With its luxury lodges, the group will benefit from increased tourism activities. Safari Air, a wholly owned air charter operator, provides air transport services to the group's camps and lodges.
Desert and Delta Safaris SA Pty Ltd, another wholly owned subsidiary operating in South Africa, provides reservation services to the group. G4S - Up by Here is another company that began the year on a back foot following a dismal stock performance in Michael Kampani, G4s Managing Director, is leaving a happy man after he steered the group to profitability since he joined it in Under his leadership, G4s has focused on its core services as well as expanding its product mix. Barclays Bank Botswana - Up by The bank this year was in its element, churning out new products and services and delivering impressive financial results.
It is not a surprise that investors have been rallying behind the company which often touts its 5 year transformation strategy as something to reckon with.
Indeed, the results show that the strategy is having some positive results. The bank which seeks to be the leading bank in Botswana and your bank of choice doubled its profit in its interim results for the year.
NSE - National Stock Exchange of India Ltd.
The second largest nigerian stock market report for top gainers and losers bank becomes the only one candlestick patterns for binary option examples the banking sector that has delivered capital gains to shareholders so far this year.
With most financial institutions under pressure from the prevailing tough conditions, Barclays seems to be an exception to the rule as investors rally behind it. This property listed stock deserves a special mention that extends beyond its exploits in the property market.
NAP was listed on the BSE inwith a total of issued units. The largest unit holder is Cash Bazaar Holdings Pty Ltd with NAP owns properties such as Riverwalk Mall, Riverwalk Plaza nigerian stock market report for top gainers and losers Kagiso Mall in Gaborone, Mafenyatlala Mall in Molepolole, Kasane Mall and Mokoro Centre in Maun.
Choppies -Down by Choppies is a leading retailer in the fast gmac stock market today consumable goods industry, targeting low-income to middle class buyers and the company has been doing well for the past 20 years, growing in leaps and bounds.
The dual listed company, xttrium laboratories stock market in the BSE and Johannesburg Stock Exchange, has been pursuing regional expansions in the last two years.
What has been particularly worrying investors is that the expansion plans are yet to bring results. The South African and Zimbabwean Stores are still not making profits profits. However, Ram Ottapathu led Choppies surprised many when it launched its own clothing line with its hyper stores.
This move was seen in a positive light as it added a new revenue stream. Furnmart - Down by This player also belongs to the retail and wholesaling sector that has been dragged down by economic factors. The Group continues to trade steadily in an ever more challenging environment.
Drought conditions, currency weakness, high unemployment, an increase in retrenchments and the over-indebtedness of customers, continue to plague the region. Low commodity prices on world markets and the slowdown in the Chinese economy have hampered growth in the countries in which Furnmart trades. Furthermore, regulators continue to introduce burdensome restrictions and administrative processes on consumer credit providers, in an attempt to protect consumers from risky or unfair exposure.
Standard Chartered Bank Botswana - Down by The bank popularly known as Stanchart has extended its losses to The financial sector, particularly banking, lists low interest rates, stagnated wages, unemployment and retrenchments as factors that have greatly impacted their operations. Stanchart was the first bank to publicly admit to its large exposure to the BCL Group which is under provisional liquidation.
While the stock is being battered, the Moatlhodi Lekakau led bank is busy at work trying to turn around its fortunes. FIRST NATIONAL BANK BOTSWANA - Down by FNBB is the largest bank in the country both by market value, industry profits and assets.
This giant has been weakening since on the pressure of enhanced competition, the recently lifted moratorium on bank charges, low interest rates and limited spending power in the economy. Steven Bogatsu finds himself in charge of a bank that recently reported its lowest profit in two years, continuing the trend of declining profits in the banking sector.
In efforts to lure customers and get them to spend, the bank has introduced a number of initiatives such as smart devices scheme and ebucks rewards program.
This financial giant has made its fortunes from micro-lending, with its strong customer base made up of government workers and state owned enterprises. In the stock market, the company tops the charts of domestic companies in terms of volume and value of trades.
Simply put, Letshego stock is the most liquid, exchanging hands quickly and easily.
Year Till Date: Top Gainers and Losers | NIGERIAN STOCK MARKET ANALYSIS
The company which breached the P1 billion mark in revenue for the year endedreleased interim results for which showed declining profit. However the group says results show satisfactory growth in an environment of depreciating exchange rates, higher inflation and interest rates and lower economic activity in most of the markets in which Letshego operates.
In its annual report, Letshego says it will continue to drive its inclusive financial services strategy and to strengthen its operations through investment in people, technology and strategic partnerships.