Winners and Losers Nigerian Stock Exchange February 2017

The battle continues in February for the soul of the Market even as we move closer to the earning period. The results has started coming in, and the Market has started reacting. Investors are weighing their options, forcing some stocks to appreciate and some to decline. Find below the top 10 winners  and losers for February 2017 on the Nigerian Stock Exchange:

The Winners

	Jan-17	Feb-17
Security	Close	CLOSE	CHANGE
BETAGLAS	30.00	38.27	27.57%
CAVERTON	0.75	0.93	24.00%
JBERGER	34.83	38.66	11.00%
AIRSERVICE	2.64	2.88	9.09%
CAPHOTEL	3.47	3.70	6.63%
PRESCO	44.20	47.00	6.33%
NEIMETH	0.65	0.69	6.15%
OANDO	4.66	4.90	5.15%
OKOMUOIL	44.18	46.38	4.98%
BERGER	6.08	6.38	4.93%

The Losers

Jan-17		Feb-17
Security	Close	CLOSE	CHANGE
UAC-PROP	2.88	1.85	-35.76%
FO	71.22	47.69	-33.04%
VITAFOAM	2.39	1.72	-28.03%
NESTLE	727	570	-21.60%
FIDSON	1.14	0.91	-20.18%
UNILEVER	35.5	28.98	-18.37%
UACN	16.5	13.65	-17.27%
TRANSCORP	0.8	0.69	-13.75%
FIDELITYBK	0.92	0.81	-11.96%
DIAMONDBNK	0.94	0.83	-11.70%

However the All Share Index Declined by (2.72%) within the same period and now at a Year to date return of (5.75%).

Out of all the winners of January, only Okomu Oil made it back to the top ten. it added 4.98% to the 9.98% it returned in January. The year to date return now stands at 14.96%.

On the other hand, FO continued its free fall, the only stock that was among the top ten losers in January with a return of (15.65%) and now (33.04%). Its year to date return now stands at (48.69%). The return is terribly bad and not far fetched from Market reaction to its 12 months 2016 result.

We expect March to be better as we gradually move into the earning period, however, it should be noted that the Dividend Yield adopted now by the Market would determine a lot.

Let us march into March!!!