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Nairaland Forum / Nairaland / General / Investment / Best And Worst Stocks Of 2016 - Easykobo (14820 Views)
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Best And Worst Stocks Of 2016 - Easykobo by yinka2011: 6:49pm On Jan 05, 2017 |
Dec 30 (Lagos) - As 2016 comes to an end, it is time to reflect on the difficult period that it brought upon the stock market investors in Nigeria. The foreign exchange woes of the Nigerian economy dealt blows to the All Stock Index of the Nigerian Stock Market throughout 2016. Many times in 2016 we wondered when the CBN will put those Policies in place that help check the Naira rout. They excited everybody with the announcement of the flexible exchange rate Policy but it failed to check the Naira erosion with many analysts questioning of the currency was truly floated. So call it devaluation or depreciation, the Naira's decline pushed the Nigerian economy in to a recession with inflation close to 19% towards the end of the year. Still were Companies that performed wonderfully during 2016 and were rewarded by the stock market. Recession meant little to these Companies. Let us take a look at the top 5 stocks of 2016. 1) UNITED CAPITAL Plc ( UCAP ) - The investment banking arm of UBA Group. With rising interest rates and steepening yield curve, this Company posted results that excited investors who bought the stock and sent it up 108% in 2016. 2) TOTAL Nigeria Plc ( TOTAL ) - This Oil and Gas Company attracted investors as a result of deregulation in the Petroleum sector and gained by 103%. This was expected and was called by many analysts who send their opinions to Easykobo. No surprise here. 3) SEPLAT Petroleum Plc ( SEPLAT ) - The Company recovered its losses in the second half of the year as the crude oil prices started gaining. It must be mentioned that this Oil & Gas Company went public in May 2014 through an IPO. The stock now trades sharply below its IPO price and investors in this stock should be happy to recover some of their losses. 4) NEWGOLD ETF ( NEWGOLD ) - The fourth in this list is actually an electronic traded Fund which tracks the spot price of gold in South African Rand. This ETF gained as a result of rising gold prices and devaluation of the South African currency. This ETF gained a whopping 86% in 2016. 5) Mobil Nigeria Plc ( MOBIL ) - The stock is up 80% for the year but no surprises here as many analysts who send their opinions to Easykobo expected this as a result of deregulation in the Oil and Gas sector. This Company is also going through an acquisition by Nipco Nigeria Ltd. ExxonMobil is selling its stake in MOBIL to NIPCO and the agreed transfer price is said to be above N 400 per stock. With the stock currently trading at 279, this space must be followed in 2017. As we can see above that 3 out of 5 best stocks of 2016 came from the oil and gas sector. However the deregulation was not good for many stocks as we can see from the following list of 5 worst stocks of 2016 by percentage decline in prices. 1) Forte Oil Plc ( FO ) - The deregulation did not go well for this Oil and Gas stock as it lost almost 75% of its market value during the year. Some would say the stock was overvalued in the first place with astonishing gains it made during the 2012-2014 period. 2) Skye Bank Plc ( SKYEBANK ) - The bank was raided by EFCC during the year and its stock price collapsed by 68% since then. Many analysts wonder about the future of the bank but CBN came out and said that no bank in Nigeria is distressed which helped stop the free fall in banking stocks. 3) CAVERTON - Another May 2014 IPO that destroyed investors wealth. IPO opened at N 7.02 per unit and now the stock trades at 90 kobo per unit. 4) Diamond Bank Plc ( DIAMONDBNK ) - Another bank that reported lower numbers during the year and was punished by the market. There is other banks in this list that lost just a little bit less than Diamond to miss being mentioned in this list like UNITYBNK , STERLNBANK , ETI , FIDELITYBK . 5) Insurance stocks in general were disappointing in 2016. This is strange as rising interest rates and bond yields will push up investment incomes at Insurance Companies. It was a great year for Insurance stock NEM but it rose in low volumes. On the other hand 2016 was quite bad for Insurance Company stocks such as AIICO , MANSARD , CUSTODYINS . We will be watching this space in 2017. 2017 will bring opportunities again as we feel the government will really start kicking on its development agenda. Rising crude oil prices could offer a pleasant surprise for the government which was seen its foreign reserve rise over the past month after a long time. Let us pray that 2016 brings prosperity and wealth to all easykobo followers and investors in the Nigerian stock market. reporting for easykobo.com on Friday, Dec 30 2016 from Lagos, Nigeria 6 Likes 2 Shares |
Re: Best And Worst Stocks Of 2016 - Easykobo by kurajordan(m): 8:19pm On Jan 05, 2017 |
\ 2 Likes |
Re: Best And Worst Stocks Of 2016 - Easykobo by Noblesoul123: 8:19pm On Jan 05, 2017 |
Bleak economic indicators |
Re: Best And Worst Stocks Of 2016 - Easykobo by lifestyle1(m): 8:19pm On Jan 05, 2017 |
Re: Best And Worst Stocks Of 2016 - Easykobo by Horlaidex(m): 8:19pm On Jan 05, 2017 |
Re: Best And Worst Stocks Of 2016 - Easykobo by dragonking3: 8:20pm On Jan 05, 2017 |
20 Likes 3 Shares |
Re: Best And Worst Stocks Of 2016 - Easykobo by truthspeaks: 8:20pm On Jan 05, 2017 |
Despite its temporary suspension abi na crash, MMM still beta pass all diz useless stocks bn traded. Beta pass CBN sef. Who stock or bank epp. IDGAF crew, whr una de 6 Likes |
Re: Best And Worst Stocks Of 2016 - Easykobo by lifestyle1(m): 8:21pm On Jan 05, 2017 |
Horlaidex: |
Re: Best And Worst Stocks Of 2016 - Easykobo by Atiku2019: 8:26pm On Jan 05, 2017 |
Land Acquisition 1 Like |
Re: Best And Worst Stocks Of 2016 - Easykobo by hero2000: 8:28pm On Jan 05, 2017 |
Seun, over to you. |
Re: Best And Worst Stocks Of 2016 - Easykobo by DozieInc(m): 8:31pm On Jan 05, 2017 |
T |
Re: Best And Worst Stocks Of 2016 - Easykobo by stephmike(m): 8:31pm On Jan 05, 2017 |
hmmmm |
Re: Best And Worst Stocks Of 2016 - Easykobo by baffabulous(m): 8:32pm On Jan 05, 2017 |
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Re: Best And Worst Stocks Of 2016 - Easykobo by softwerk(f): 8:32pm On Jan 05, 2017 |
CAVERTON....One bad stock broker that has watched 'The Wolf of Wallstreet' played a fast one 1 Like |
Re: Best And Worst Stocks Of 2016 - Easykobo by Lanre4uonly(m): 8:33pm On Jan 05, 2017 |
Ok. It is noted. |
Re: Best And Worst Stocks Of 2016 - Easykobo by Nobody: 8:33pm On Jan 05, 2017 |
While the stock market might be booming the fx market is suffering a blow. |
Re: Best And Worst Stocks Of 2016 - Easykobo by IamSpenxer(m): 8:33pm On Jan 05, 2017 |
I'm not understanding |
Re: Best And Worst Stocks Of 2016 - Easykobo by dview001(m): 8:38pm On Jan 05, 2017 |
who stole d bleeps I kept here |
Re: Best And Worst Stocks Of 2016 - Easykobo by Animaxwell(m): 8:38pm On Jan 05, 2017 |
Abeg wia person fit buy eba and egusi soup with #50.. Hunger dey waya me here 1 Like |
Re: Best And Worst Stocks Of 2016 - Easykobo by nams77: 8:40pm On Jan 05, 2017 |
kurajordan:My former hood. Maro street |
Re: Best And Worst Stocks Of 2016 - Easykobo by Nobody: 8:52pm On Jan 05, 2017 |
You mean Skybe bank still dey exist |
Re: Best And Worst Stocks Of 2016 - Easykobo by DisGuy: 8:56pm On Jan 05, 2017 |
Abeg where are the mods to weed out all these playmakers here EasyKobo should have helped us with their opening price and closing price or at least link to their dashboard. 1 Like |
Re: Best And Worst Stocks Of 2016 - Easykobo by Souljaboi1: 8:58pm On Jan 05, 2017 |
Davide470 Would you be my stock brocker for 2017 ? I follow your analysis on low key, especially the one on Mobil and Total. 1 Like |
Re: Best And Worst Stocks Of 2016 - Easykobo by buharimustlive: 9:06pm On Jan 05, 2017 |
This scrap ought to be on front-page before 2016 end.... MODS Una dey sleep?. |
Re: Best And Worst Stocks Of 2016 - Easykobo by MOSTEC(m): 9:19pm On Jan 05, 2017 |
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Re: Best And Worst Stocks Of 2016 - Easykobo by davide470(m): 9:24pm On Jan 05, 2017 |
Souljaboi1:Lol. The market started on a negative note and right now, the value in the mire is still being sorted out. But come which way, we are plying it. Mobil and Total made my Year in 2016. With time and your consistency bruv, you would even be my stockbroker! 1 Like |
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