Nigeria’s All Share Index has recouped all its losses as at close of trade on 2nd October 2020, trading higher than 26,808.24 it was on February 27th, the start of the crisis in Nigeria.
In that seven-month period, we have not only seen recovery of the All-Share Index, we have also seen re-allocation of value to the healthcare, telecoms and agricultural sectors from sectors and companies that are far from recovering their pre-coronavirus prices.
In this report, we classified all listed stocks on the Nigerian Stock Exchange (NSE) into sectors and sub-sectors in line with the NSE’s classification. We listed the prices of the stocks as at year end (31st December 2019), pre-coronavirus (26th February 2020) and compared them to closing prices as at 2nd October 2020.
The goal is to establish the ‘legroom’ available for investors to take advantage for long-term investments and possible speculative purposes.