In 2024, the NGX demonstrated significant growth, concluding on February 2, 2024, with an All-Share Index of 104,421.23 points, indicating a year-to-date gain of 39.65%.
This figure, though slightly below the 45.90% gain observed in the entirety of 2023, showcases the market’s continued positive momentum.
As of January 31, 2023, the NGX’s All-Share Index closed at 101,154.46 points, signifying a noteworthy monthly gain of 35.28% in January 2024.
The market’s exceptional performance during this period is credited to the substantial gains made by specific stocks.
Here’s a list of the top-performing stocks on the NGX in January 2024:
1. Dangote Cement
– Monthly Gain: 139%
– Share Price (Jan 2): N319.90
– Share Price (Jan 31): N763.00
– Market Cap (Jan 2): N5.45 trillion
– Market Cap (Jan 31): N13 trillion
– Equity Gain: N7.55 trillion
2. BUA Cement
– Monthly Gain: 90.7%
– Share Price (Jan 2): N97.00
– Share Price (Jan 31): N185.00
– Market Cap (Jan 2): N3.28 trillion
– Market Cap (Jan 31): N6.26 trillion
– Equity Gain: N2.98 trillion
3. Wema Bank
– Monthly Gain: 78.6%
– Share Price (Jan 2): N5.60
– Share Price (Jan 31): N10.00
– Market Cap (Jan 2): N72 billion
– Market Cap (Jan 31): N128.6 billion
– Equity Gain: N56.6 billion
4. Japaul Gold and Ventures
– Monthly Gain: 54.1%
– Share Price (Jan 2): N1.70
– Share Price (Jan 31): N2.62
5. Universal Insurance Company
– Monthly Gain: Not specified
– Share Price (Jan 2): N0.26
– Share Price (Jan 31): N0.39
– Equity Gain: N2.08 billion
– Market Cap (Jan 2): N4.16 billion
– Market Cap (Jan 31): N6.24 billion
6. Transnational Corporation (TRANSCORP)
– Monthly Gain: 49.7%
– Share Price (Jan 2): N8.66
– Share Price (Jan 31): N12.96
7. Unity Bank
– Monthly Gain: 43.8%
– Share Price (Jan 2): N1.62
– Share Price (Jan 31): N2.33
– Equity Gain: N8.3 billion
– Market Cap (Jan 2): N18.9 billion
– Market Cap (Jan 31): N27.2 billion
8. Geregu Power
– Monthly Gain: 42.4%
– Share Price (Jan 2): N399.00
– Share Price (Jan 31): N568.00
– Equity Gain: Not specified
– Market Cap (Jan 2): N997.5 billion
– Market Cap (Jan 31): N1.42 trillion
9. BUA Foods
– Monthly Gain: 40.5%
– Share Price (Jan 2): N198.90
– Share Price (Jan 31): N271.80
10. Transcorp Hotels
– Monthly Gain: 38.8%
– Share Price (Jan 2): N70.18
– Share Price (Jan 31): N97.40
– Equity Gain: N278.8 billion
– Market Cap (Jan 2): N718.8 billion
– Market Cap (Jan 31): N997.6 billion
