New Listings and De-Listings in 2018: Market Records One New Listing and Four De-listings

Monday, January 28, 2019 6:30AM /Proshare Research

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The listing of new companies on an Exchange has been one of the measurable ways to gauge the growth of The Exchange. The new listing on the NSE in 2018 has been listings by introduction as the market has witnessed very minimal IPOs during the year. 

New Listing (s) 

So far in 2018, the market had witnessed only one (1) new listing which was a listing by way of introduction. The company listed was: 

Notore Chemical Industries Plc 

A review of the share price of the new listings in 2018 in relation to its listed price reveals that NOTORE has remained flat since it was listed in August 2018.

NB: Data is as at December 14, 2018

Delisting (s)

The market witnessed four (4) delisting(s) in the year 2018 and the affected companies were: 

1. Seven-Up Bottling Company Plc
2. African Paints Nigeria Plc
3. Afrik Pharmaceuticals Plc; and
4. Paints and Coatings Manufacturing Nigeria Plc 

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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