JAIZBANK, JAPAUL and 40 Others Trade Below 50kobo as at November 15, 2018

Proshare

Thursday, November 15, 2018 / 06:30 PM / Proshare Research        

 

Jaiz Bank Plc (JAIZBANK), Japaul Oil and Maritime Services Plc (JAPAUL) and forty other equities traded below their nominal value at the Nigeria’s stock market as at the close of trading on Thursday, November 15, 2018. 

The two firms joined the list of stocks struggling below 50 kobo despite emerging the top gainers for the day, while JAIZBANK led the gainers’ chart by appreciating by 7.50 percent to close at 43 kobo per share, JAPAUL followed with 5 percent increase to close at 21 kobo per share. 

The forty-two (42) firms, which cut across all the sectors, represent 23.67 percent of all listed equities at bourse. 

On Monday, January 29, 2018, the Nigerian Stock Exchange (NSE) reviewed its nominal value benchmark for quoted companies from 50 kobo to 1 kobo, making investors of stocks, which had gone dormant owing to the minimum floor restriction, to resume trading. This is because, prior to the new price rule, the stocks could not drop below 50 kobo even if an equity investor wished to sell his assets at a lower price for financial, social or political goals. 

Seven (7) stocks have been trading flat at 50 kobo since the beginning of the year owing to the regulatory suspension placed on the shares of five of the stocks including ASOSAVINGS, GNI, RESORTSAL, EVANSMED and OMATEK on July 5, 2017, while that of AFROMEDIA was suspended on April 9, 2018.

 

Proshare Nigeria Pvt. Ltd.


Source: NSE

 

ACADEMY, which is also one of the inactive stocks trading at their nominal value, was put on hold on October 4, 2017 but the suspension was lifted on November 7, 2018 after it filed its interim accounts for the period ended September 2018. 

Of the forty (42) stocks, Twenty (20) are listed in the Financial Services sector, making it the sector with the largest number of stocks trading below 50 kobo. It was trailed by the Services sector with five (5) stocks; Oil & Gas, four (4); Consumer Goods, three (3); ICT, two (2), Natural Resources, two (2); Conglomerates, two (2); Health, one (1); Industrial Goods, one (1); Construction/Real Estate, one (1) and Agriculture, one (1).

 

 

Stocks Trading in Nominal Value

Ticker

Sector

Share Price

% Change

26-Jan-18

15-Nov-18

FTNCOCOA

AGRICULTURE

0.50

0.20

-0.60

AGLEVENT

CONGLOMERATES

0.60

0.36

-0.40

JOHNHOLT

CONGLOMERATES

0.50

0.44

-0.12

SMURFIT

CONSTRUCTION/REAL ESTATE

0.50

0.44

-0.12

DUNLOP

CONSUMER GOODS

0.50

0.20

-0.60

MCNICHOLS

CONSUMER GOODS

1.20

0.45

-0.63

MULTITREX

CONSUMER GOODS

0.50

0.36

-0.28

AFRINSURE

FINANCIAL SERVICES

0.50

0.20

-0.60

CORNERST

FINANCIAL SERVICES

0.50

0.22

-0.56

DEAPCAP

FINANCIAL SERVICES

0.50

0.44

-0.12

GUINEAINS

FINANCIAL SERVICES

0.50

0.25

-0.50

JAIZBANK

FINANCIAL SERVICES

1.07

0.43

-0.60

LASACO

FINANCIAL SERVICES

0.50

0.27

-0.46

MBENEFIT

FINANCIAL SERVICES

0.50

0.25

-0.50

NIGERINS

FINANCIAL SERVICES

0.50

0.22

-0.56

REGALINS

FINANCIAL SERVICES

0.50

0.21

-0.58

ROYALEX

FINANCIAL SERVICES

0.50

0.20

-0.60

SOVRENINS

FINANCIAL SERVICES

0.50

0.20

-0.60

STACO

FINANCIAL SERVICES

0.50

0.48

-0.04

STDINSURE

FINANCIAL SERVICES

0.50

0.20

-0.60

SUNUASSUR

FINANCIAL SERVICES

0.22

0.20

-0.09

UNIC

FINANCIAL SERVICES

0.50

0.20

-0.60

UNIVINSURE

FINANCIAL SERVICES

0.50

0.20

-0.60

VERISTASKAP

FINANCIAL SERVICES

0.50

0.23

-0.54

WAPIC

FINANCIAL SERVICES

0.61

0.40

-0.34

CHIPLC

FINANCIAL SERVICES

0.50

0.33

-0.34

INTENEGINS

FINANCIAL SERVICES

0.50

0.38

-0.24

UNIONDAC

HEALTH

0.50

0.25

-0.50

CHAMS

ICT

0.50

0.24

-0.52

COURTVILLE

ICT

0.50

0.20

-0.60

FIRSTALUM

INDUSTRIAL GOODS

0.50

0.32

-0.36

MULTIVERSE

NATURAL RESOURCES

0.50

0.20

-0.60

THOMASWY

NATURAL RESOURCES

0.50

0.23

-0.54

ANINO

OIL AND GAS

0.25

0.25

0.00

CAPOIL

OIL AND GAS

0.50

0.23

-0.54

JAPAUL

OIL AND GAS

0.50

0.21

-0.58

RAKUNITY

OIL AND GAS

0.50

0.40

-0.20

ABCTRANS

SERVICES

0.50

0.31

-0.38

DAARCOMM

SERVICES

0.50

0.44

-0.12

NSLTECH

SERVICES

0.50

0.20

-0.60

RTBRISCOE

SERVICES

0.50

0.38

-0.24

TANTALIZER

SERVICES

0.50

0.21

-0.58

Source: Proshare Research, NSE

 

 Proshare Nigeria Pvt. Ltd.


Related News

1.         Jaiz Bank Plc Appoints Mr. Abdulfattah Olanrewaju Amoo as Executive Director Op...

2.        JAPAULOIL Declares N13.21bn Loss in 2017 Audited Result SP N0.57k ...

3.        JAPAULOIL Secured Equity Financing Facility of 350 Million with Milost Global I...

4.        Market Sentiment Closes Negative as NSEASI Dips By -0.14% Amid Positive Breadth

5.         NSEASI Closes Below 32,000bpts; Dips By -0.76%

6.        NSE Lifts Suspension Placed on the Trading in the Shares of FTN Cocoa Processors Plc

7.         NSE Lifts Suspension Placed on ACADEMY, AUSTINLAZ and 2 Others

8.        Stocks Listed Between 2008 and 2018: 8 Out of 50 Stocks Trade Above Their Listing Prices

9.        RESORTSAL Share Price Remains Flat For Eight (8) Years

10.    NSE Sanctions EKOCORP For Late Filing ;TOURIST and Four Others on Delisting Watch-list

READ MORE:
Related News
SCROLL TO TOP