In the week between January 22-26, 2024, the Nigerian Exchange (NGX) appreciated by 8.32% to close at 102,401.88 points, an increase of 7863.76 points from last week’s 94,538.12.
NGX has recorded its slowest growth rate over the past week, as the All-Share Index appreciated by 0.57% to close at 102,149.93 points, an increase of 578.82 from yesterday’s 101,571.11 points.
NGX has secured its position as best performing stock market in the first three weeks of 2024, capping off the trading day on January 19.
The NGX’s bullish run continued today, as the ASI appreciated by 2.38% to close at 90,063.25 points, up by 2,092.88.
Dangote Sugar has become the second Aliko Dangote-owned company to cross the N1 trillion market capitalization level.
Transcorp Hotels Plc the hospitality subsidiary of Transnational Corporation Plc is Nigeria’s first hospitality group to cross the N1 trillion market capitalization level.
In continuation of its extremely positive rally in 2024, the NGX All-Share Index appreciated by 2.11%, gaining 1,644.12 points to close at 79,664.66 points.
As trading closed for the year in the NGX, the market shifted to new frontiers, the All-Share Index hit an all-time high of 74,773.77 points, while the market capitalization fell short of N41 trillion, closing at N40.92 trillion.
These stocks made the Nairametrics top ten table at Christmas for the most prestigious stocks on the NGX
Here's a simple guide to some top stocks to consider: MTN, Airtel, big banks like the FUGAZ, and consumer goods companies like Flour Mills, Dangote Sugar, and Nestle.
Transcorp Hotels Plc has reinforced its commitment to corporate governance with the appointment of the former CAC Reg. Alh Garba Abubakar.
With a current year-to-date return of 41%, the Nigerian Exchange in 2023 is on track to exceed its last year’s performance.
