Nomu bids farewell to 2018 with 20% decline

01/01/2019 Argaam Special

 

Saudi Nomu Parallel Market has closed the year on a dull note, plunging 20 percent, or 619 points (pts), to 2,521 pts, compared to 3,140 pts at the end of 2017.

 

Saudi Arabia’s Capital Market Authority had allowed the non-resident foreign investors to participate in the Nomu Parallel Market starting from January 1, 2018.

 

Nomu Market’s Performance

Year

Closing at year end

General Index (points)

Variation (points)

Variation %

2017

5,000*

3,140

(1,860)

(37%)

2018

3,140

2,521

(619)

(20%)

* Base

 

The Nomu-Parallel Market Index tumbled 8 percent in July 2018, recording its lowest level in 9 months. Meanwhile, the benchmark surged by 10 percent in April from the same year, hitting a three-month high.

 

Nomu Monthly Performance in 2018

Month

Closing (points)

Variation (points)

Variation %

January

3,005

(135)

(4%)

February

3,158

+153

+5%

March

2,952

(206)

(7%)

April

3,251

+299

+10%

May

3,077

(174)

(5%)

June

3,016

(61)

(2%)

July

2,778

(238)

(8%)

August

2,691

(87)

(3%)

September

2,575

(116)

(4%)

October

2,501

(74)

(3%)

November

2,378

(123)

(5%)

December

2,521

+143

+6%

 

The index turnover has steeply declined during the year to reach SAR 412.5 million, slumping 77 percent year-on-year (YoY) from SAR 1.806 billion in 2017.

 

Nomu Trading Values (SAR mln)

Month

2017

2018

Daily Average

Variation

January

--

30.4

1.32

--

February

594.0

39.7

1.99

--

March

635.9

35.4

1.69

(94%)

 

April

120.3

63.4

2.88

(47%)

May

70.2

35.3

1.53

(50%)

June

69.0

27.4

1.83

(60%)

July

109.7

45.3

1.97

(59%)

August

54.6

27.1

1.59

(50%)

September

37.4

21.3

1.12

(43%)

October

34.0

20.7

0.90

(39%)

November

31.4

21.0

1.00

(33%)

December

49.5

45.5

2.07

(8%)

Total

1,806.0

412.5

1.66

(77%)

* 3 sessions in Feb. 2017.

 

The Nomu index hit its highest intra-year trading level of 3,329 pts on Feb. 28 and its highest close mark at 3,256 pts on May 1.

 

Meanwhile, the gauge recorded its intra-year trading low at 2,196 pts on Oct. 22, and its lowest close for the year at 2,310 pts on Oct. 23.

 

Also, the index also recorded its steepest intra-day decline of 184 pts on August 13, and its highest intra-day level at 135 pts on April 10.

 

Nomu made its highest daily average trading value in 2018 at SAR 17.9 million on April 11, while its lowest average trading turnover for the same year stood at SAR 97,900 on Sep. 13.

 

Details of Index Performance in 2017

Period

Performance

Date

Notes

Highest level (Points)

3329

Feb 28

--

Lowest level (Points)

2196

Oct. 22

Lowest level since market launching

Highest Closing (Points)

3256

May 1

--

Lowest Closing (Points)

2310

Oct. 23

Lowest level since market launching

Most daily increase (Points)

+ 135

April 10

--

Most daily decline (Points)

(184)

Aug 13

--

Highest trading value (SAR mln)

17.9

April 11

--

Lowest trading value (SAR 000’)

97.9

Sept. 13

Lowest level since market launching

 

Five Nomu-listed stocks closed the year in the green, spearheaded by Al Kathiri Holding which surged by 222 percent. It was followed by National Building & Marketing (63 percent) and Al-Omran Industries (15 percent).

 

Conversely, five other stocks finished the year on a down note, led by Thob Al Aseel which dipped 34 percent. It was followed by Al-Samaani (18 percent).

 

Performance of Nomu Companies

Company

Closing as of

Dec. 31, 2017

Closing as of

Dec. 31, 2018

Variation %

Al Kathiri*

18.28

58.80

+222%

National Building

27.00

44.00

+63%

Al Omran

17.38

20.00

+15%

Baazeem

27.70

29.10

+5%

Arab Sea

12.08

12.30

+2%

Abo Moati**

12.70

12.26

(3%)

Food Development

69.75

66.00

(5%)

Raydan

16.71

15.24

(9%)

Al Samaani*

49.26

40.40

(18%)

Thob Al Aseel*

31.35

20.64

(34%)

*Distributing bonus shares during the period

**Listing price

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