38 Out of 47 Stocks Listed Between 2008 and 2018 Trade Below Their Listing Prices


Tuesday, November 20, 2018 08:55 PM / Proshare Research


Reference: Proshare MARKETS


Analysis on stocks listed between 2008 and 2018 reflected that about 81% of such stocks trade below their listing prices and as such are in the red zone.


As at the close of trading on November 19th, 2018, seven (7) out of forty-seven (47) stocks listed between 2008 and 2018 on the floor of the Nigerian Stock Exchange currently trade above their listing prices.

UBCAP tops the list of such stocks with +155.17% gains. AFRIPRUD and OMOSAVBNK followed closely with +135.85% and 63.64% gains respectively.

On the other handAFRINSURE and TANTALIZER top the list of thirty-eight (38) stocks that are currently trading below their listing prices with -94.55% and -94.28% losses recorded in that order.

Stocks listed in the financial services sector dominated the list with eighteen (18) stocks and closely followed by Services (8), Industrial Goods (5), ICT (4), Construction/Real Estate (3), Healthcare and Oil and Gas (2) each and Agriculture (1). 

Table 1: Sectors and No of Listed Companies Between 2008 and 2018

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Table 2: Companies Listed Between 2008 and 2018

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For further and more up-to-date data and analysis, visit the Proshare MARKETS Research Aide.


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