Thursday, December 29, 2016 2:26 PM / Proshare Markets
The Nigerian IPO market is yet to get out of its doldrums considering the volume of IPOs witnessed in the market between 2006 and 2008.
Activities within this market had dropped significantly between 2009 and 2012 while market witnessed a few number of IPOs between 2013 and 2015.
Interswitch Limited had earlier planned an IPO for 2016 but was later suspended due to FX Scarcity and shortage.
A review of the performance of 47 stocks listed between 2008 and now reveals that seven (7) out of such stocks currently trade above their listing prices while thirty-eight (38) trades below their listing prices. The remaining two (2) remained flat.
UCAP and AFRIPRUD led the gainers with +143.10% and +88.68% respectively while CAVERTON and DAARCOMM led otherwise with -90.53% and -90.48% losses each.
Financial services dominate the list of such stocks with seventeen (17) stocks. Services sector follows closely with seven (7) stocks and ICT with six (6) stocks. Consumer and Industrial goods have four (4) each while Construction/Real Estate, Oil & Gas, Healthcare and Agriculture have three (3), three (3), two (2) and one (1) respectively.
However, IAINSURE, STARCOMMS, BAGCO and PNG represent stocks which had been delisted among the stocks listed from 2008 till date.
1. Nigerian Stock Market and the State of IPO’s
2. Capital Markets and IPOs in 2012 – An Opening?
3. IPO in Nigeria: 2008 to 2015
4. Will there be a revival in the IPO market soon?
5. Why Right-Issues dominate the primary market - Investors pause on IPOs
Nigerian Bourse fails to inspire Primary Market Activities in 2013
8. Consumer Goods Sector – NESTLE, CHAMPION and NB Record Over 1,000 PE Ratio
9. Healthcare Sector Records No Gainer as EKOCORP Tops on EPS and PE Ratio
10. Real Estate Sector -UAC-PROP Drops by -62.56%; Records 164.84 PE Ratio
11. Financial Services Sector – NESF Records 47.42 EPS Ratio as Banking Stocks Dominate Gainers List.
12. Conglomerates Sector – TRANSCORP Records Negative EPS as AGLEVENT Records +35.48% Gain.
13. Nigeria’s Economic Indicators in 2016
14. 45 Resignations Announced by Quoted Companies in 2016
15. 104 Appointments Made by Quoted Companies in 2016
16. Agriculture Sector – PRESCO Tops on EPS as LIVESTOCK Tops on PE Ratio
17. Foreign Portfolio Participation in Equity Trading Drops in 2016
18. Stocks You Shouldn’t Touch – 62 Stocks Record No Price Movement in 2016
19. Stocks from the Final Services Sector Dominate the List of Penny Stocks in 2016
20. Santa Claus Rally: Stocks on Radar as December effects drive prices
21. NSE ASI Performance Review and How Key Sectors Fared in 2016
22. Egypt, Zimbabwe Stock Markets Lead African Markets in 2016 as Lusaka Exchange Top Losers
23. Argentina, Brazil Lead Performing Global Markets in 2016 as Madrid Exchange Leads Otherwise
24. Top Five Gainers and Losers on NSE in 2016
25. Movers and Shakers in 2016 -GUARANTY, SEPLAT Record Growth in Market CAP as FO, WAPCO Lead Otherwise
26. Global Market: Argentina, RTS Exchanges Top Performing Stock Markets in 2015
27. African Stocks record sterling returns among top global exchanges
28. Argentina records +98.38% 2013 YTD gains to lead Global Exchanges; NSE ASI makes top
29. 10 Best Performing Stock Markets in Q3 2013
30. Kenya, Nigeria lead Top 10 Performing African Exchanges
31. Global Market: Argentina, Italy Top Best Performing Stock Markets in the World