Stock Market Ends 2015 With N1.63tr Loss
Activities on the Nigerian Stock Exchange (NSE) ended the year 2015 on a negative trend as equity prices dropped by N1.627 trillion.
The loss recorded in market capitalization at the end of year 2015 is lower when compared to N1.48 trillion of 2014 but in percentage terms the market lost 14.17 per cent in 2015 as against 13.22 per cent of 2014.
The market capitalization of 190 equities listed on the bourse opened the year with N11.478 trillion to close at N9.851.
In post 2008 meltdown, the market had better returns only in 2013 with N4.252 trillion during the year.
Consequently, the NSE All Share Index which is the barometer of the market movement dropped 6,014.90 basis points in 2015 as against 6,672.04 basis points decline in 2014.
In percentage terms, All Share Index dropped 17.37 per cent in 2015 compared with 16.14 per cent it lost in 2014.
The market index opened year 2015 with 34,657.15 points to close at 28,642.25 points.
During the year under review, only one sector appreciated while seven declined.
NSE Industrial Index where Dangote Cement that controls over 25 per cent of entire market belongs, recorded 27.15 points or 1.27 per cent gain during year 2015. The sector opened the year with 2,139.55 points to close with 2,166.70 basis points.
On the other hand, NSE Banking Index recorded the highest loss of 82.91 points, representing 23.59 per cent from 351.40 points to end 2015 with 268.49 points.
However, NSE Consumer Goods Index dropped 157.35 points translated to 17.41 per cent from 903.54 points it opened with to end the year with 746.19 points. NSE 30 Index that tracks 30 most capitalized stocks depreciated by 275.55 points or 17.63 per cent from 1,563.22 points to close at 1,287.67 points, NSE Lotus Islamic Index that tracks Islamic compliant stock dropped by 245.04 points or 10.92 per cent to end 2015 with 1,998.85 points from 2,243.89 points it opened the year, while NSE Oil & Gas Index depreciated by 23.35 point representing 6.20 per cent from 380.11 points to 356.56 points and NSE Insurance Index and NSE Alternative Securities Market dropped 7.04 points or 4.70 per cent and 4.71 points or 0.39 per cent to end the year with 142.61 points and 1,208.65 points respectively.
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