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MCNICHOLS PLC
As of August 2025, your N1 million bet on Nigeria’s penny stocks at the start of the year...
Oil and gas as well as banking stocks were some of the biggest losers in the Nigerian Exchange (NGX) during the week ending May 18, 2024.
Despite market uncertainties and volatility arising from macroeconomic changes, the Nigerian equities market just like in 2021 has so far fared well.
Some Nigerian stocks made remarkable performance on the back of global macro-economic worries as a result of the Russian–Ukraine war.
These consumer goods companies saw their shares surge by more than 55% in 2021.
Despite the galloping 17.33% inflation rate, three stocks have posted returns higher than inflation.
McNichols Plc was the worst performing stock on the @nsecontact declining by 18.18% to close at a year low of N0.45.
Thomas Wyatt Plc was the best performing stock on the @nsecontact for the second week running, appreciating by 29.03%.
Japaul Oil and Maritime was the best performing stock on the @nsecontact this week appreciating by 39.29%
@firstbankngr and @ubagroup top Nairametrics stocks to watch on the @nsecontact for this week.
@firstbankngr takes the top spot once more in this week's watchlist as investors may react negatively to a poor dividend of N0.26 per share.
PZ Cussons Nigeria Plc was one of the worst performing stocks this week, dropping to a ten year low of N8.85.