NomuC closes 2023 up 26%, trading value declines by 40%

02/01/2024 Argaam Special

NomuC closes 2023 up 26%, trading value declines by 40%

Nomu trading screen


The Parallel Market Capped Index (NomuC) closed 2023 up by 26%, or 5,112 points to 24,529 points, compared to 19,417 points at 2022 close.

 

Trading of shares listed in Nomu is limited to categories of qualified investors in accordance with the Parallel Market Listing Rules.

 

In 2023, the Nomu-Parallel Market witnessed the transition of Sumou Real Estate Co. and Riyadh Cement Co. to the main market after fulfilling the regulatory requirements.

 

The year also saw the listing of 29 companies on the Nomu-Parallel Market through initial public offerings (IPOs) and six others by direct listing.

 

Performance of Nomu Parallel Market Since Launch

Year

Open (points)

Close (points)

Change (points)

Change (%)

2017

5,000*

3,140

(1,860)

(37%)

2018

3,140

2,521

(619)

(20%)

2019

2,521

7,440

4,919+

+195%

2020**

7,179

26,245

19,066+

+266%

2021

26,245

25,976

(269)

(1%)

2022

25,976

19,417

(6,559)

(25%)

2023

19,417

24,529

+5,112

(+26%)

*Basis points (bps)

* *NomuC open and close

 

The Index Monthly Performance

 

NomuC index recorded a positive performance in five months, with the best performance registered in June, when the index jumped by 22.9%.

 

Meanwhile, the gauge reported a negative performance in seven months, with the largest drop occurring in July, when NomuC fell by 6.3%.

 

NomuC Monthly Performance in 2023

Month

Close

Change (points)

Monthly Change

January

19,140

(277)

(1.4%)

February

19,205

+64

+0.3%

March

19,892

+687

+3.6%

April*

21,332

+1,440

+7.2%

May

21,278

(54)

(0.3%)

June*

26,148

+4,870

+22.9%

July

24,501

(1,647)

(6.3%)

August

23,654

(846)

(3.5%)

September

22,690

(964)

(4.1%)

October

22,350

(341)

(1.5%)

November

25,236

+2,886

+12.9%

December

24,529

(707)

(2.8%)

 

NomuC recorded a combined trading value of SAR 8.1 billion in 2023, a 40% fall from SAR 13.48 billion in 2022.

 

NomuC Trading Values in 2023 (SAR mln)

Month

2022

2023

Average Daily Trading Value (ADTV)

Change

January

3,180.3

419.1

18.2

(87%)

February

1,932.9

713.0

37.5

(63%)

March

2,000.0

656.2

29.8

(67%)

April*

757.5

420.6

26.3

(44%)

May

546.7

825.2

35.9

51%

June*

737.3

666.4

41.7

(10%)

July

424.7

876.2

39.8

106%

August

1,034.8

952.8

41.4

(8%)

September

513.2

826.4

43.5

61%

October

567.9

615.1

26.7

8%

November

1,027.7

440.8

20.0

(57%)

December

760.9

658.3

31.3

(13%)

Total

13,483.7

8,070.2

32.4

(40%)

*Holidays

 

The index hit its intra-year high of 30,528 points on June 19, 2023, while its highest close was recorded on June 18, 2023, when it reached 28,988 points, NomuC’s highest close ever.

 

The index intra-year low was at 18,702 points on Feb. 6, 2023, and its intra-year steepest close was at 18,762 points on the same day.

 

The benchmark’s largest daily rise was on June 15, 2023, with 2,049 points, while the largest daily decline was seen on June 20, 2023, at 1,207 points.

 

The highest daily trading value in 2023 was recorded on Feb. 23, 2023, at about SAR 340.3 million, while the lowest trading value was on Nov. 6, 2023, at SAR 10.2 million.

 

NomuC Performance Details in 2023

Period

Performance

Date

Notes

Highest Level (Points)

30528

June 19

--

Lowest Level (Points)

18702

Feb. 6

--

Highest Close (Points)

28988

June 18

Highest since launch

Lowest Close (Points)

18762

Feb. 6

--

Intraday High (Points)

+2049

June 15

--

Intraday Low (Points)

(1,207)

June 20

--

Highest Trading Value (SAR mln)

340.3

Feb. 23

--

Lowest Trading Value (SAR mln)

10.2

Nov. 6

--

 

Performance of Nomu-Parallel Market Constituents in 2023

 

Performance of Companies with Positive Performance in 2023*

Company

2022 (SAR)

2023 (SAR)

Change

Future Care 

2.34

14.86

+535%

Ladun

1.59

6.00

+277%

EDARAT

120.20

377.00

+214%

Academy of Learning

4.11

9.50

+131%

Naba Alsaha

28.65

60.00

+109%

Molan Steel

3.20

5.53

+73%

AICTEC

2.38

4.03

+69%

MOBI 

6.45

10.28

+59%

APICO

28.30

41.70

+47%

Burgerizzr

8.10

11.80

+46%

SURE

27.32

39.40

+44%

AME 

34.90

50.20

+44%

TADWEEER

5.70

8.10

+42%

Aqaseem

50.00

70.40

+41%

Aldawliah

2.81

3.94

+40%

Group Five

24.00

31.50

+31%

GAS

5.69

7.40

+30%

Canadian Medical Center

4.50

5.84

+30%

Alwasail Industrial

1.83

2.34

+28%

Saudi Azm

8.60

10.90

+27%

Fesh Fash

14.52

17.40

+20%

National Building

250.00

295.00

+18%

Saudi Networkers

50.00

58.90

+18%

Knowledge Tower

5.99

6.90

+15%

Al-jouf Mineral Water

26.00

29.50

+13%

Raoom Trading

109.00

117.40

+8%

TIBBIYAH

37.10

39.85

+7%

Banan

6.00

6.28

+5%

FADECO

91.00

92.50

+2%

*Changes in Capital were taken into consideration

 

Performance of Companies Listed in 2023

 

Performance of Companies with Negative Performance in 2023*

Company

2022 (SAR)

2023 (SAR)

Change

Keir

12.20

4.53

(63%)

Amwaj International

108.00

51.00

(53%)

Saudi Top for Trading

11.30

7.58

(33%)

GAS  

58.00

41.80

(28%)

Jahez

34.95

26.45

(24%)

AlNaqool

64.00

52.40

(18%)

Naseej Tech

75.00

61.70

(18%)

Obeikan Glass

66.45

55.00

(17%)

Alhasoob

97.50

82.20

(16%)

Rawasi Albina

6.24

5.31

(15%)

Watani Steel

3.02

2.65

(12%)

AlBabtain Food

49.00

44.15

(10%)

Enma AlRawabi

19.90

18.50

(7%)

Saudi Parts Center

68.40

66.00

(4%)

*Changes in Capital were taken into consideration

 

Performance of Listed REITs

 

Performance of Companies Listed in 2023

Company

2022 (SAR)

2023 (SAR)

Change

Paper Home

75.00

187.80

+150%

Al Razi

28.00

59.80

+114%

Armah

28.00

49.00

+75%

Horizon Food

37.00

63.70

+72%

Munawla

110.00

171.60

+56%

Mayar

3.50

5.19

+48%

Nofoth

15.00

22.10

+47%

Marbel Design

56.00

82.00

+46%

Balady

91.00

133.00

+46%

Riyadh Steel

17.00

23.56

+39%

Waja

4.50

6.01

+34%

Fad

84.00

107.80

+28%

Al Rashid Industrial

25.00

31.65

+27%

Meyar

59.00

72.00

+22%

Alqemam

80.00

92.90

+16%

iOud

49.00

55.50

+13%

View United

70.00

78.00

+11%

Food Gate

56.00

62.00

+11%

Dar AlMarkabah

40.00

44.00

+10%

ProMedEx

68.00

71.50

+5%

Lana

31.00

32.00

+3%

Tam Development

130.00

131.00

+1%

KnowledgeNet

40.00

36.00

(10%)

Atlas

23.00

20.04

(13%)

Clean Life

112.00

95.00

(15%)

Lime Industries

17.00

14.00

(18%)

Mulkia

38.00

31.15

(18%)

Ghida Al-Sultan

84.00

65.00

(23%)

Bena

52.00

39.60

(24%)

Almujtama Medical

40.00

30.00

(25%)

United Mining

34.00

25.00

(26%)

Almuneef 

70.00

51.30

(27%)

Osool & Bakheet

45.00

29.05

(35%)

RIYAL

42.00

27.00

(36%)

Leen Alkhair

65.00

28.25

(57%)

*Listing price edited based on capital changes

 

Performance of Listed REITs in 2023

REIT

Listing Price

2022 (SAR)

Change

Alwaha REIT Fund

10.58

12.50

18%

 

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