Prime Business AfricaIn the last five months and one week, the worst-performing real estate companies in the Nigerian stock market are Julius Berger Nigeria Plc, Haldane McCall, and the Nigeria Infrastructure Debt Fund (NIDF).
This is according to an analysis of equity market data obtained by Prime Business Africa (PBA) from the Nigerian Exchange Limited (NGX), the stock market regulator.
Join our WhatsApp ChannelBreakdown of Worst-Performing Real Estate Stocks
Julius Berger Nigeria Plc
Julius Berger Nigeria Plc was ranked as the worst-performing real estate stock in the Nigerian stock market after the firm’s shareholders lost 23.67 percent of their investment between January 2 and June 5.
The decline in their investments represents a combined loss of N58.80 billion year-to-date on the back of a N36.75 kobo loss in Julius Berger’s share price during the period under review.
Analysis showed that Julius Berger’s share price fell from N155.25 kobo on January 2 to N118.5 kobo as of June 5 after stock market investors went bearish on the company’s shares.
With the stock market investors believing Julius Berger’s share price will crash, the company’s market valuation declined from N248.40 billion to N189.60 billion.
Haldane McCall
With its shareholders’ investments depreciating by 12.73 percent, Haldane McCall took the second spot on the list of the worst-performing real estate companies in the Nigerian stock market.
According to Prime Business Africa’s analysis, a N0.62 kobo decline in Haldane McCall’s share price led to the company’s shareholders recording a combined loss of N1.93 billion in the last five months and one week.
It was gathered that Haldane McCall’s shares were sold at N4.87 kobo as of January 2, however, it marginally declined to N4.25 kobo, indicating the company’s shares were not one of the most sought-after by investors.
This resulted in Haldane McCall’s market valuation dropping from N15.20 billion to N13.26 billion during the period under review.
Nigeria Infrastructure Debt Fund (NIDF)
Shareholders of the Nigeria Infrastructure Debt Fund (NIDF) have not profited from their investments in the company as the shares of the real estate firm have been trading flat year-to-date.
As a result, Prime Business Africa listed the Nigeria Infrastructure Debt Fund as the third-worst-performing real estate company in the Nigerian stock market during the reviewed period.
The Nigeria Infrastructure Debt Fund’s share price has remained at N111.7 since January 2, while the company’s market valuation has recorded no movement, staying put at N117.92 billion.
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