NCM 2020: NSE Records 1 New Listing to 5 Delistings in 2020

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Wednesday, February 10, 2021   /04:33 AM / By Proshare Research/ Header Image Credit: EcoGraphics


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New Listing and De-listings in 2020

Listings on the Nigerian Stock Exchange were relatively scanty in the year under review as the bourse witnessed 1 New Listing, 5 De-Listings in 2020 compared to 3 New Listings, 7 De-Listings in 2019, and 1 New Listing, 4 De-Listings in 2018.

 

New Listing(s) 

BUACEMENT represents the one new listing recorded in the year 2020. This followed the Court's Sanction of the Scheme of Merger (Scheme) between CCNN and OBUCement (now BUA Cement Plc), which was concluded in January 2020.

 

An assessment of the share price of the only new listing in 2020 to its listed price revealed that  BUACEMENT grew by +57.14%  as of the period under review


Table 32: New Listings in 2020 


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Delisting(s) 

The market witnessed five (5) delisting(s) in the year 2020 and the companies are: 

1.      AG Leventis Plc                                                  - Jan 7th, 2020

2.     Cement Company of Northern Nigeria Plc    - Jan 9th, 2020

3.     Continental Reinsurance Plc                            - Jan 17th, 2020

4.     Anino International Plc                                    - Oct 12th, 2020

5.     Law Union and Rock Insurance Plc                - Nov 5th, 2020


Related Link - 11Plc Issues Explanatory Statement to Shareholders on Its Proposed Voluntary Delisting from the NSE


15-Year Review of Listings in the Market

Listings on the Nigerian Stock Exchange has been very dynamic within the last 15-year review period. The market seemed to witness more listings by IPOs during the 2004/2008 market boom.

 

Market sentiment currently and in comparison, to the period of the 2004/2008 market boom cannot be described as the same as the route through which stocks also got listed in the market changed after the global financial crisis of 2009. Listing by introduction became the new famous route to market listings.

 

In a nutshell, listings have been done through two means which are mainly listings by IPO and by Introduction. 

 

Listing by IPO

So far, thirty-one (31) quoted companies have been listed by IPO from 2004 till September 2020.

 

Analysis of the performance of these companies to their listing prices and their current prices reflected that ZENITHBANK currently trades above its listing prices by +158% and closely followed by AIRTELAFRI which was listed in 2019 by +24%.

 

HoweverJAPAULOIL traded below its listing price by -92%.

 

The listing prices of some of the companies listed by IPO during the years 2007 and 2008 were not available as at the time this report was being completed.

 

Companies Listed by IPO

 

Table 33: Companies Listed by IPO

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Listing by Introduction

A similar review of the list of companies listed by way of introduction from 2004 till September 2020 revealed that twenty-six (26) quoted companies were listed within the period under review.

 

 Analysis of the performance of these companies to their listing prices and their current prices reflected that MTNN currently trades above its listing prices by +80% and closely followed by DANGCEM by +48.15%.

 

HoweverOMATEK traded below its listing price by -95% and closely followed by AFRINSURE by -94%.


Table 34:  Companies Listed by Introduction

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Do feel free to share your opinions/observations and feedback with us vide content@proshareng.com and/or research@proshareng.com 

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Downloadable PDF - The 2020 Nigerian Capital Market Report

1.       Complete Report: The Nigerian Capital Market Report 2020: Leveraging a Crisis - Jan 28, 2021

2.       Executive SummaryThe Nigerian Capital Market Report 2020: Leveraging a Crisis - Jan 28, 2021

 

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Related Links

1.      NCM 2020: Technology and the Nigerian Capital Market      

2.       NCM 2020: Regulatory Governance in 2020

3.       NCM 2020: Energy Commodities Took a Big Hit in 2020

4.       NCM 2020: Bond Funds Grew By 443.80% YoY in 2020

5.       NCM 2020: Lower FX Earnings Widened the Gap Between Two Markets

6.       NCM 2020: FGN Eurobond Was Driven by Movement in Oil Prices and COVID-19 Pandemic

7.       NCM 2020: Treasury Bills Fell to a Record Lows in 2020

8.       NCM 2020: Yields in the Fixed Income Market Took a Downward Trajectory in 2020

9.       NCM 2020: Top Ten Moments in the Nigerian Capital Market in 2020

10.  NCM 2020: NASD USI Closed Green in 8 Out of 12 Months in 2020

11.  NCM 2020: Extracts of Financials of Quoted companies - DANGCEM Tops on Revenue and PAT

12.  NCM 2020: Agriculture Sector - OKOMUOIL Tops on EPS and PAT Margin

13.  NCM 2020: Healthcare Sector - NEIMETH Tops on ROE and PAT Margin

14.  NCM 2020: Industrial Goods Sector - DANGCEM Tops on EPS as BUACEMENT Tops on PE Ratio

15.  NCM 2020: Oil and Gas Sector - TOTAL Tops on PE Ratio as JAPAULOIL Tops on PAT Margin

16.  NCM 2020: Consumer Goods Sector - NESTLE Tops on EPS as DANGSUGAR Tops on PAT Margin

17.  NCM 2020: Financial Services Sector - NESF and STANBIC Top on EPS

18.  NCM 2020: Sectoral Market Capitalisations: Oil and Gas Records - 20.62% Decline in 2020

19.  NCM 2020: A Review of Gote and Toni Indices in 2020

20.  NCM 2020: NSE Records 1 New Listing to 5 Delistings in 2020

21.  NCM 2020: Growth of Securities Listed on NSE - Total Securities Listed Increased by 0.55%

22.  NCM 2020: 23% of Listed Companies on NSE on Pause in 2020

23.  NCM 2020: 84 Stocks Are Off 52-Week Highs as 85 Near 52-Week Lows

24.  NCM 2020: Forty-one Financial Services Stocks Are Penny Stocks in 2020

25.  NCM 2020: NSEASI Performance Review and How Each Company Fared in 2020

26.  NCM 2020: Market Records 57 Gainers to 66 Losers in 2020

27.  NCM 2020: Foreign Portfolio Participation in Equity Trading Dropped from March to November 2020

28.  NCM 2020: Trading Statistics in 2020 - Market Volume Increased by 21.69%

29.  NCM 2020: NSE Market CAP Closed at US$55bn Below the Peak of US$84bn Recorded in 2013

30.  NCM 2020: NSEASI Closed Green in 9 Out of 12 Months in 2020

31.  NCM 2020: Markets Were Volatile Globally in Year 2020 as COVID-19 Pandemic Induced Uncertainty

32.  The Nigerian Capital Market Report 2020: Leveraging a Crisis


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Monthly NCM

1.      The November 2020 Nigerian Capital Market Service Report - Proshare

2.     The October 2020 Nigerian Capital Market Service Report - Proshare

3.     The September 2020 Nigerian Capital Market Service Report - Proshare

4.     The August 2020 Nigerian Capital Market Service Report - Proshare

5.     The July 2020 Nigerian Capital Market Service Report - Proshare

6.     The June 2020 Nigerian Capital Market Service Report - Proshare

7.     The May 2020 Nigerian Capital Market Service Report - Proshare

8.     The April 2020 Nigerian Capital Market Service Report - Proshare

9.     The March 2020 Nigerian Capital Market Service Report - Proshare

10.  The February 2020 Nigerian Capital Market Service Report - Proshare

11.   The January 2020 Nigerian Capital Market Service Report - Proshare

12.  The November 2019 Nigerian Capital Market Service Report - Proshare

13.  The October 2019 Nigerian Capital Market Service Report - Proshare

14.  The September 2019 Nigerian Capital Market Service Report - Proshare

15.  The August 2019 Nigerian Capital Market Service Report - Proshare

16.  The July 2019 Nigerian Capital Market Service Report - Proshare

17.  The June 2019 Nigerian Capital Market Service Report - Proshare

18.  The May 2019 Nigerian Capital Market Service Report - Proshare

19.  The April 2019 Nigerian Capital Market Service Report - Proshare

20. The March 2019 Nigerian Capital Market Service Report - Proshare

21.  The February 2019 Nigerian Capital Market Service Report - Proshare

22. The January 2019 Nigerian Capital Market Service Report - Proshare


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Annual Reviews & Outlooks

1.        NCM2020 - Fin. MKT in Transition: Understanding Past Uncertainties; Preparing for New Possibilities

2.        Surviving Uncertain Times in the Nigerian Financial Market

 

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Special Reports & Publications

1.      NSE Ten Years After a Takeover: The Good, The Bad and Undecided

2.     NSE Post Takeover: A Journey Through Time

3.     NSE Post Takeover: The Story of Then and How

4.     NSE Post Takeover: Market as a Metaphor

5.     NSE Post Takeover: The Imperatives of Tomorrow: Myths, Risks and Opportunities

6.     NSE Post Takeover: Power Moves -Demutualization and The New Board Games

7.     NSE Post Takeover: A Whole New World-Reimagining Endless Possibilities

8.     NSE Post Takeover: Back of the Envelope


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Online Trading Reports

1.      Online Trading Ranking Report 2020 - Trading in a Period of a Virus; Building Good Habits

2.     Online Trading Ranking Report 2019 - Refining The User Experience; Trends In Digital Trading

3.     Nigerian Online Trading Portals Ranking Report 2018

4.     Nigerian Capital Market and FX Online Trading Portals Ranking Report H2 2017

5.     The Nigerian Capital Market Online Trading Portals Ranking Report

6.     The Nigerian Online Trading Report


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CMO Reports

1.        Nigerian Equity Market Outlook: COVID Out, Riots In?

2.        Nigerian Economic and Financial Markets: H1:2020 Review and H2:2020 Outlook Opportunity in a Crisis?

3.        Nigeria Economic Outlook 2021: A Shot at Recovery

4.        2021 Outlook - Is The Tunnel Getting Darker or Brighter

5.        Nigeria in 2021: Positioning in the New Normal

6.        Nigeria 2021 Outlook - Navigating Unsteady Terrain

7.        Nigeria FY 2021 Macroeconomic Outlook - A Break in the Clouds

8.        Nigeria 2021 Outlook: COVID-19 Recession and the Long Road to Economic Recovery


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Selected Articles

1.     The Year 2020 in Retrospect: A Bleak Year for Households

2.     Will Gold Prices Rally in 2021? Here are Its Ebbs and Flows

3.     Review of 2020 Activities In The Islamic Finance Market And The Outlook For 2021

4.     Ranking Global Equity Markets in 2020: NASDAQ Takes The Lead

5.     Holiday Blues Dampen Trading Activities for Last Trading Session

6.     2021:President Buhari Reaffirms Commitment To A United And Progressive Nigeria

7.     Ten Most Capitalised Stocks Account for 83% Contribution to the NSEASI

8.     Proshare's New Year Message - Change, Technology, and The New Corporate Calling


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News Posts Referenced in the Report

1.     NSE Revolutionises Public Offerings Subscription with Electronic Platform

2.     Finally, NSE Launches the Growth Board with FintechNGR as a Strategic Partner

3.     NSE Migrates      Four Companies from ASeM to Growth Board

4.     Demutualisation: NSE Announces Chief Executives for Emerging Entities

5.     NSE Members Assent to Demutualisation Resolutions at COM and EGM

6.     COVID-19: NSE Activates 30-day Remote Work Plan; Remote Trading to Continue

7.     FGN 14 Day Restriction: NSE to Sustain Remote Trading Amidst COVID-19 Pandemic

8.     CAC Issues Guidelines on Holding of AGMs of Public Companies Using Proxies

9.      COVID-19 and AGM by Proxy: Lessons from GTBank Approach

10.  Revision of Stamp Duty on NSE Transactions to 0.08% from 0.075% Effective 7th December 2020

11.  HM Zainab Shamsuna Ahmed Urges IST to Discharge Duties Diligently

12.  NSE to Re-Introduce Trading Fees for Securities Traded on the Fixed Income Market



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