New Listings and Delistings in 2017


Saturday, December 30, 2017 /06:00PM / Proshare Research 

The listing of new companies on an Exchange has one of the measurable ways to gauge the growth of such Exchange. This usually happen through an Initial Public Offering (IPO). However, the new listing on the NSE in 2017 has been listings by introduction. 

New Listing (s)

So far in 2017, the market had witnessed three (3) new listings which were listings by introduction. The companies listed are:

  1. Medview Airline Plc; and
  1. Jaiz Bank Plc
  2. Global Spectrum Energy Service Plc 

A review of the share price performance of the new listings in 2017 in relation to their listing prices revealed that MEDVIEWAIR and GSPECPLC both went up by +32.67% and +26.60% respectively while JAIZBANK share price dropped by -49.60%

 Proshare Nigeria Pvt. Ltd.

 Delisting (s)

The market has witnessed five (5) delistings in the year 2017 and the affected companies are: 

  1. Ashaka Cement Plc
  1. Beco Petroleum Plc
  2. MTECH Communications Plc
  3. MTI Plc; and
  4. UTC Nigeria Plc 

Proshare Nigeria Pvt. Ltd.

2017 Year End Review

1. Argentina, Nigeria Lead as Best Performing Stock Markets in the World in 2017
2.Stock You Should Not Touch – 63 Stocks Record No Price Movement in 2017
3.Stocks Off and Near 52-Week Highs and Lows as at 221217
4.Top 10 Policy Reforms in 2017
5.Zimbabwe, Malawi Stock Markets Lead African Markets in 2017 as Ivorian BRVM-10 Top Losers
6.Nigeria's Top Ten News Makers in 2017
7. Nigeria’s Economic Indicators in 2017
8.Market Movements in 2017 - Forex Reserves Up by 44.54%
9.Foreign Portfolio Participation in Equity Trading in 2017
10. Oil and Gas Sector – SEPLAT, ETERNA Top Gainers as FO Records -47.19% YTD Return
11. Consumer Goods Sector – GUINNESS Records Over 3,000 PE Ratio
12. Financial Services Sector – GUARANTY Records 40.52% PAT Margin as NESF Tops on EPS
13. NSE ASI Performance Review and How Key Sectors Fared in 2017
14. 47 Financial Services Sector Stocks Are Penny Stocks in 2017
15. Movers and Shakers in 2017 - DANGCEM, GUARANTY Record Growth in MKT CAP as FO, MOBIL Lead Otherwise
16. DANGSUGAR, MAYBAKER and INTBREW Among Best Performing Stocks in 2017

Proshare Nigeria Pvt. Ltd.

Related News

1.  Global Spectrum Energy Services Lists on the NSE

2.  Medview Airlines listing, adds N14.65bl to the NSE Market Capitalization

3.  Jaiz bank listing adds N36.83bl to the NSE Market Capitalization

4.  NSE Witnesses Second New Listing in 2017; Market Sustains Downtrend - Feb '17 SSS Report

5. NSE Records First New Listing in 2017; Proshare Launches Mobile APP - Jan '17 SSS Report

6.  NSE Delists UTC Nigeria Plc and 3 Others

7.  Nigerian Stock Market and Delistings in 2015 - TNI Q4/E7

8. Stocks to be delisted: STOKVIS, NIGSEWING & NIWICABLE Contribute 0.01% to NSE Market CAP

9. The Delisting Watch List on NSE – TNI Q2/E12

10.NSE Slates 30 firms for Delisting/Restructuring; DAARCOMM, 9 Others on Delisting Watchlist


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