Business

Nigerian stocks that have gained 400% and above in 2023 

Investors who purchased shares from specific firms at the beginning of the year and chose to maintain their positions have cause for celebration, as shareholders have generated returns exceeding 100% despite the macroeconomic challenges in 2023. 


The stocks of Computer Warehouse Group (CWG), MRS Oil, Transcorp Hotel, CHAMS Plc, and 27 others, listed on the NGX, have achieved returns exceeding 100% in the initial three quarters of 2023, impacting the overall market performance. 


The domestic stock market closed out the year 2022 with an impressive gain of 19.98%. By September 29, 2023, it had surged even further to reach 29.52%