Industry woes deflate appetite for oil & gas companies’ shares

INVESTORS in the nation’s capital market have continued to demonstrate low appetite towards shares of companies in the oil and gas sector of the Nigerian Stock Exchange, NSE, as the sector’s performance year-to-date, ytd, lagged largely behind the other sectors in the market.

Financial Vanguard’s analysis of activity for the 12 month period ended December 15, 2017 showed that, apart from under-performing other sectors, the oil and gas industry also under-performed the All Share Index, ASI, which rose sharply by 43.02 per cent within the same period.

Return-on-Investment, RoI, in the sector went down by 3.3 per cent between January 2, 2017 when the market opened for transaction and December 15, 2017, a development, investment bankers attributed to poor perception of the sector among international and other high networth investors.

New Telegraph, December 25, 2017

 

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