Massive Gain in Stocks as Market Goes Bullish
The Nigerian stock market has yielded unprecedented returns for investors, with a ₦1,000,000 investment on May 30, 2023, now worth millions after just two years.
According to an analysis by Statisense, a leading market research firm, some of the top-performing stocks have seen their values skyrocket, with Transcorp Hotels leading the pack at an astonishing ₦17.9 million.
Transcorp, Juli Plc, Sunu Assurance, and Tantalizers PLC have also seen significant gains, with their values reaching ₦13.5 million, ₦13 million, ₦10.3 million, and ₦10.1 million, respectively.
The report, which tracks the performance of various stocks listed on the Nigerian Exchange (NGX), reveals that several other companies have also experienced substantial growth. Skyway Aviation, NNig Flour Mills, Golden Guinea Brew, and Oando Plc have all seen their values increase to ₦9.87 million, ₦9.6 million, ₦7.77 million, and ₦7.14 million, respectively.
Other notable performers include HoneyWell Flour, Associated Bus Coy, and Ikeja Hotels Plc, which have grown to ₦6.40 million, ₦5.86 million, and ₦5.71 million, respectively. Beta Glass Plc, RT Briscoe Plc, and Conoil Plc have also seen significant gains, with their values reaching ₦5.53 million, ₦5.49 million, and ₦5.28 million, respectively.
The full list of stocks and their corresponding values after two years is a testament to the Nigerian stock market’s potential for growth and returns on investment. The list includes:
Transcorp Hotels — ₦17.9 million
TransCorp — ₦13.5 million
Juli Plc — ₦13 million
Sunu Assurance — ₦10.3 million
Tantalizers PLC — ₦10.1 million
Skyway Avaiation — ₦9.87 million
NNig Flour Mills — ₦9.6 million Golden Guinea Brew — ₦7.77 million
Oando Plc — ₦7.14 million
HoneyWell Flour — ₦6.40 million
Associated Bus Coy — ₦5.86 million
Ikeja Hotels Plc — ₦5.71 million
Beta Glass Plc — ₦5.53 million
RT Briscoe Plc — ₦5.49 million
Conoil Plc — ₦5.28 million
Presco Plc — ₦5.11 million
NAHCO — ₦4.73 million
Eterna Plc — ₦4.58 million
Infinity Trust Mortgage Bank — ₦4.57 million
CWG — ₦4.57 million
Japaul Gold — ₦4.13 million
Chams Plc — ₦4.00 million
Veritas Kapital — ₦3.90 million
Julius Berger — ₦3.72 million
IMG — ₦3.67 million
This remarkable growth is a welcome development for investors and a testament to the potential of the Nigerian stock market.
As the market continues to evolve and grow, it is likely that we will see even more impressive returns on investment in the years to come.
In a statement, a spokesperson for Statisense said, “The Nigerian stock market has consistently demonstrated its potential for growth and returns on investment. We are excited to see the impact that this growth will have on the economy and on investors, and we look forward to continuing to track and analyze the market’s performance.”
The Nigerian stock market’s impressive gains are a positive indicator for the country’s economy, and investors are advised to take advantage of the opportunities available in the market.
