• Friday, March 29, 2024
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The 10 NSE stocks that have the gained the most

NSE reviews market indices

Investing in stocks can be a rollercoaster experience. Hope, euphoria, dismay, pessimism are feelings Nigerian stock investors can relate with as the value of their portfolio has risen and fallen with the latest economic data, company financial reports, and other determining factors of company performance.

With the much-awaited rally still eluding investors- despite moments of brilliance in the bearish market-it might be a good time to look at the performance of your portfolio and what stocks have impressed year long.

The information provided here is in no way a recommendation to buy, hold or sell. 
C&I Leasing Plc (292.7%)*
C&I leasing has surged an 292.7 percent so far in the year- thanks to a share reconstruction exercise which was completed earlier in January 2019.
The company’s management late 2018 initiated the process to consolidate four ordinary shares of 50 kobo each into one ordinary share of 50 kobo each to give C&I more room to raise equity in the future. However, the exercise affected the liquidity of C&I leasing stocks.

Dangote Flour Mills Plc (139.42%)
Dangote Flours has gained 139.42 percent from year’s start where it opened at N6.85 per share. The consumer goods firm also has a 1- year return of 54.72 percent based on Friday’s closing price of N16.40 per share.
Late April, Olam offered N130 billion to acquire Dangote Flour Mills, Nigeria’s third-largest miller by market capacity.

Thomas Wyatt Nig. Plc (56.52%)

Thomas Wyatt has a year to date return 56.52 percent based on its closing price of 36 kobo on Friday. The penny stock remained flat in the day’s trading.
Shares of Thomas Wyatt are currently 10 percent shy of its 52-week high of 40 kobo established on the 22nd of May 2019.
Thomas Wyatt Nigeria PLC manufactures stationery products including calendars, brochures, cards, deposit slips, certificates, envelopes and the likes. The stock also has a 1-year return of 5.88 percent.

MTN Nigeria Plc (51.67%)
The listing by introduction of MTNN mid-May rocked the stock market and brought excitement to investors-although the mobile-phone shares eluded many. MTN has gained 51.67 percent since it opened at N90 per share.
MTNN shed -0.33% to close at N 136.50 per share on Friday.

Red Star Express Plc (30.95%)
Red Star Express is a courier and package delivery company listed on the Nigerian stock Exchange. Shares of the logistics company have risen 30.95 percent in the year, after opening at N 4.2 per share for the year.
Red Star has a year high of N5.50 and a year low of N4.20. The stock traded flat on Friday to close at N 5.50 per share.

Sterling Bank Plc (28.95%)

Sterling Bank, mid-tier lender, has gained 28.95 percent so far in 2019. The commercial bank’s shares gained 2.08 percent on Friday to close at N2.45 per share and bring its 1-year return to 87.20 percent.

Livestock Feeds Plc (28.57%)
After opening for the year at 49 kobo, this penny stock has gained 28.57 percent in the run up to July 7 2019.
Livestock Feeds currently trades at 63 kobo, after remaining flat in Friday’s trading session. Its 1-year return is a -27.59 percent return, however.
Livestock Feeds Plc manufactures and markets animal feed products. The Company’s products include poultry, pig, and cattle rations, meat cubes, and pallets.

Caverton Offshore Support Group Plc (25.00%)
Caverton , a player in the marine and aviation logistics sectors of the Nigerian oil and gas industry, has gained 25 percent so far in 2019.
Shares of the company fell 6.61 percent on Friday to close at N2.40 per share, same day. Caverton has a year’s return of 13.97 percent.

Union Bank Nigeria Plc (25.00%)

Union Bank, a mid-tier commercial bank in Nigeria, opened for the year at N5.6o per share but has rallied 25 percent to N7 per share based on Friday’s closing price. Union Bank remained flat in the day’s trading.
The commercial banking stock has a 1-year return of 25 percent and 7 percent short of its 52-week high of N7.5, information from Bloomberg show.

Japaul Oil And Maritime Services Plc (19.05%)
Japaul Oil & Maritime Services has gained 19.05 percent this year. It opened at 21 kobo for 2019.
The company’s shares fell 3.85 percent on Friday to close at 25 kobo per share, with its 1-year return at 13.79 percent.
Japaul Oil & Maritime Services Plc provides marine offshore construction, marine equipment leasing, and oilfield marine support services.