As the Nigerian Stock Exchange (NGX) kept going up in January 2024, some stocks did super well and caught the attention of people who invest money. The NGX’s All-Share Index, which is like a big average of all the stocks, ended on February 2, 2024, at 104,421.23 points. That’s a big number, and it shows that the stocks on average went up by 39.65% since the start of the year. Let’s look at the top 10 stocks that did the best in January:
1. Dangote Cement (DANGCEM):
– Did Really Well: Went up by 139%
– Share Price Went From: N319.90 to N763.00
– Big Money Increase: From N5.45 trillion to N13 trillion
– What Happened: Dangote Cement did the best, making lots of money for people who invested. The share price went from N319.90 to N763.00, and the total value of the company (market cap) went up a lot.
2. BUA Cement (BUACEMENT):
– Did Really Well: Went up by 90.7%
– Share Price Went From: N97.00 to N185.00
– Big Money Increase: From N3.28 trillion to N6.26 trillion
– What Happened: BUA Cement did really well too, going up by 90.7%. People who had shares in BUA Cement saw the share price go from N97.00 to N185.00, and the company became worth a lot more.
3. Wema Bank (WEMABANK):
– Did Really Well: Went up by 78.6%
– Share Price Went From: N5.60 to N10.00
– Big Money Increase: From N72 billion to N128.6 billion
– What Happened: Wema Bank did great, going up by 78.6%. If you had shares in Wema Bank, your shares became worth more. The share price went from N5.60 to N10.00, and the bank became more valuable.
The list goes on with more stocks that did really well in January:
4. Japaul Gold and Ventures (JAPAULGOLD): +54.1%
– Share Price Went From: N1.70 to N2.62
– Big Money Increase: From N10.6 billion to N16.4 billion
5. Universal Insurance Company (UNIVERSALINS): +50%
– Share Price Went From: N0.26 to N0.39
– Big Money Increase: From N4.16 billion to N6.24 billion
6. Transnational Corporation (TRANSCORP): +49.7%
– Share Price Went From: N8.66 to N12.96
– Big Money Increase: From N352 billion to N526.8 billion
7. Unity Bank (UNITYBNK): +43.8%
– Share Price Went From: N1.62 to N2.33
– Big Money Increase: From N18.9 billion to N27.2 billion
8. Geregu Power (GEREPLC): +42.4%
– Share Price Went From: N399.00 to N568.00
– Big Money Increase: From N997.5 billion to N1.42 trillion
9. BUA Foods (BUAFOODS): +40.5%
– Share Price Went From: N198.90 to N271.80
– Big Money Increase: From N3.48 trillion to N4.89 trillion
10. Transcorp Hotels (TRANSCOHOT): +38.8%
– Share Price Went From: N70.18 to N97.40
– Big Money Increase: From N718.8 billion to N997.6 billion
These are the top 10 stocks that did really well on the NGX in January. If you had shares in these companies, you probably made some good money because the prices went up a lot. People who invest money are still keeping a close eye on these stocks to see what happens next.
