adsEven in a roaring bull market, a rising tide doesn’t lift every boat. The Nigerian stock market has delivered remarkable momentum recently, positioning itself as one of the top-performing exchanges globally.
Yet, in the midst of the record-breaking surges and eye-watering year-to-date (YtD) returns, many investors are opening their portfolios daily only to see red.
If your portfolio isn’t matching the market’s bullish energy, it’s time to look under the hood – starting with the specific stocks dragging down investor returns right now. These stocks below have declined this year by 10 percent or more.
A prime example is Honeywell Flour Mills, which has shed 15.07 percent of its value since the start of the year, weighed down by compressed manufacturing margins. In the agricultural space, oil palm developer Ellah Lakes has slipped by 17.9 percent year-to-date, while Lasaco Assurance has fallen 18.37 percent as financial services investors heavy up on recapitalised banking sector players.
Meanwhile, the property sector faces clear pressure; emerging real estate and hospitality player Haldane McCall Plc has dropped by 10percent, while established property giant UPDC Plc has experienced a sharp 14.29 percent decline this year. Strikingly, even utilities and traditional sectors haven’t been immune to capital reallocation.adsads
