As the echoes of January 2024 fade, the Nigeria Stock Exchange (NSE) stands testament to a month of dynamic financial shifts. Let’s dissect the performances and identify the stars and laggards, guiding you on your next strategic move.
Top Performers:
ACCESSCORP – Access Holdings Plc
Volume: 25,876,163Price: ₦27.40Change: +2.45
DANGSUGAR – Dangote Sugar Refinery
Volume: 1,279,706Price: ₦82.10Change: +7.45
FCMB – FCMB Group Plc
Volume: 22,036,625Price: ₦10.70Change: +0.90
FIDELITYBK – Fidelity Bank Plc
Volume: 13,494,180Price: ₦12.85Change: +1.15
GUARANTY – Guaranty Trust Holding
Volume: 40,402,728Price: ₦41.85Change: +1.15
Underperformers:
CUTIX – Cutix Plc
Volume: 1,829,729Price: ₦2.50Change: -0.20
FTNCOCOA – FTN Cocoa Processors
Volume: 1,993,690Price: ₦1.96Change: -0.01
LASACO – Lasaco Assurance
Volume: 639,575Price: ₦2.43Change: -0.26
LINKASSURE – Linkage Assurance
Volume: 226,853Price: ₦1.15Change: -0.02
CUSTODIAN – Custodian & Allied Plc
Volume: 542,413Price: ₦9.90Change: +0.40
Recommendations:
For the Bulls: Consider reinforcing your positions in star performers like ACCESSCORP and DANGSUGAR, capitalizing on their upward trajectories.For the Bears: Prudent monitoring of underperformers like CUTIX and LASACO is advised. A strategic exit or a patient hold could be considered based on individual risk appetite.
Ticker Name Volume Price Change ABBEYBDS Abbey Mortgage Bank Plc 1,652 2.99 +0.00 ABCTRANS Associated Bus Company 27,604 0.88 +0.00 ACADEMY Academy Press 463,281 1.93 +0.00 ACCESSCORP Access Holdings Plc 25,876,163 27.40 +2.45 AFRINSURE African Alliance Insurance 0.20 AFRIPRUD Africa Prudential Plc 2,821,592 8.00 +0.20 AFROMEDIA Afromedia Plc 0.24 AIICO Aiico Insurance Plc 7,589,782 1.25 +0.11 AIRTELAFRI Airtel Africa Plc 30,607 2,000.00 +0.00 ALEX Aluminium Extrusion Industries 7.15 ARBICO Arbico Plc 1.03 ASOSAVINGS Aso Savings & Loans 0.50 AUSTINLAZ Austin Laz & Company 50 2.03 +0.00 BAPLC Briclinks Africa Plc 6.25 BERGER Berger Paints 57,436 17.35 +0.00 BETAGLAS Beta Glass Company 46,201 59.40 +0.00 BUACEMENT BUA Cement Plc 157,203 185.00 +0.00 BUAFOODS BUA Foods 13,433 285.00 +0.00 CADBURY Cadbury Nigeria 727,708 20.00 +1.80 CAP CAP Plc 495,601 24.00 +0.00 CAPOIL Capital Oil Plc 0.20 CAVERTON Caverton Offshore Support Group 2,014,317 2.05 +0.18 CHAMPION Champion Breweries 593,290 3.79 +0.31 CHAMS Chams Plc 7,592,429 2.89 +0.25 CHELLARAM Chellarams Plc 800 4.10 +0.00 CILEASING C&I Leasing Plc 2,345,550 4.15 +0.15 CONHALLPLC Consolidated Hallmark Holdings 3,186,114 1.57 +0.13 CONOIL Conoil Plc 174,768 101.00 +0.00 CORNERST Cornerstone Insurance Company 1,950,625 1.90 +0.17 CUSTODIAN Custodian & Allied Plc 542,413 9.90 +0.40 CUTIX Cutix Plc 1,829,729 2.50 -0.20 CWG Computer Warehouse Group 3,645,646 6.85 +0.00 DAARCOMM Daar Communications 885,909 0.71 +0.01 DANGCEM Dangote Cement 8,589 763.00 +0.00 DANGSUGAR Dangote Sugar Refinery 1,279,706 82.10 +7.45 DEAPCAP Deap Capital Management & Trust 1,268,445 0.80 +0.07 DUNLOP DN Tyre & Rubber Plc 0.20 EKOCORP Ekocorp Plc 5.79 ELLAHLAKES Ellah Lakes Plc 1,485,171 3.46 +0.31 ENAMELWA Nigerian Enamelware Plc 19.30 ETERNA Eterna Plc 2,914,142 22.10 +0.05 ETI Ecobank Transnational Inc 103,557 26.60 +0.00 ETRANZACT E-Tranzact International 224,938 6.60 +0.10 EUNISELL Eunisell Interlinked Plc 4,000 3.20 +0.00 FBNH FBN Holdings Plc 337,880,283 26.20 +2.35 FCMB FCMB Group Plc 22,036,625 10.70 +0.90 FIDELITYBK Fidelity Bank Plc 13,494,180 12.85 +1.15 FIDSON Fidson Healthcare 124,849 17.55 +0.00 FLOURMILL Flour Mills Nigeria 1,076,923 40.00 +1.00 FTNCOCOA FTN Cocoa Processors 1,993,690 1.96 -0.01 GEREGU Geregu Power Plc 155,700 568.00 +0.00 GLAXOSMITH Glaxo Smithkline Consumer 17.00 GOLDBREW Golden Guinea Breweries 5,135 3.15 +0.00 GOLDINSURE Goldlink Insurance 0.20 GTCO Guaranty Trust Holding 40,402,728 41.85 +1.15 GUINEAINS Guinea Insurance 725,200 0.58 +0.05 GUINNESS Guinness Nigeria 80,515 63.70 +0.00 HONYFLOUR Honeywell Flour Mill 2,136,620 4.31 +0.11 IKEJAHOTEL Ikeja Hotel Plc 175,300 7.50 +0.65 IMG Industrial & Medical Gases 120 14.40 +0.00 INFINITY Infinity Trust Mortgage Bank 1,050 7.98 +0.00 INTBREW International Breweries 363,224 5.70 +0.50 INTENEGINS International Energy Insurance 1.39 JAIZBANK Jaiz Bank Plc 7,993,790 2.81 -0.01 JAPAULGOLD Japaul Gold and Ventures Plc 11,162,226 3.06 +0.18 JBERGER Julius Berger Nigeria Plc 291,311 57.95 +0.00 JOHNHOLT John Holt Plc 2.70 JULI Juli Plc 175,050 0.70 +0.06 LASACO Lasaco Assurance 639,575 2.43 -0.26 LEARNAFRCA Learn Africa 2,850 3.50 +0.00 LINKASSURE Linkage Assurance 226,853 1.15 -0.02 LIVESTOCK Livestock Feeds 44,500 1.93 +0.00 LIVINGTRUST LivingTrust Mortgage Bank 3.27 MANSARD AXA Mansard Insurance 1,446,452 6.05 +0.05 MAYBAKER May & Baker Nigeria 437,058 6.30 +0.50 MBENEFIT Mutual Benefits Assurance 1,767,691 0.74 +0.06 MCNICHOLS McNichols Plc 21,666 1.44 +0.00 MECURE MeCure Industries 20,370 10.80 +0.00 MEDVIEWAIR Medview Airline Plc 1.62 MEYER Meyer Plc 958,034 4.30 +0.39 MORISON Morison Industries 749 3.38 +0.00 MRS MRS Oil Nigeria 116 126.00 +0.00 MTNN MTN Nigeria 397,358 290.00 +15.00 MULTITREX Multi-Trex Integrated Foods 0.36 MULTIVERSE Multiverse Mining & Exploration 11,112 17.00 +0.00 NAHCO Nigerian Aviation Handling Co. 513,320 31.55 +0.00 NASCON National Salt Company 1,038,660 67.75 +0.00 NB Nigerian Breweries 124,771 37.00 +0.00 NCR NCR Nigeria 3.96 NEIMETH Neimeth International Pharma 324,564 1.90 +0.00 NEM N.E.M. Insurance Company 150,837 8.20 +0.00 NESF Nigeria Energy Sector Fund 552.20 NESTLE Nestle Nigeria 1,887,078 1,100.00 +10.00 NGXGROUP Nigerian Exchange Group 27,294 24.00 +0.00 NIDF Nigeria Infrastructure Debt Fund 17,360 114.00 +0.00 NIGERINS Niger Insurance Company 0.20 NNFM Northern Nigeria Flour Mills 5,542 53.65 +0.00 NOTORE Notore Chemical Industries Plc 62.50 NPFMCRFBK NPF Microfinance Bank 2,882,852 2.14 +0.18 NSLTECH Secure Electronic Technology 64,115 0.67 +0.00
Read Also: Rising Consumer Debt: Nigerians Borrow N290bn in Three Months Amid Economic Struggles
January’s market dynamics have set the stage for diverse opportunities. As the market pendulum swings, may your investments be astute and your financial journey prosperous. Cheers to a strategic February in the realm of Nigerian stocks.
With each ticker narrating its own financial tale, investors navigated the market’s ebb and flow. The question now lingering in the air: What does February hold for the Nigerian stock market? As we bid farewell to January’s market symphony, the curtains rise on a new act in the financial theater. May your portfolios flourish and your investments thrive in the unfolding chapters of the stock market saga. Until then, happy investing!
