No fewer than 35 listed stocks on the Nigerian Exchange Limited (NGX) are fuelling the equities market’s rally this year. These stocks with minimum return of 100 percent have pushed the equities capitalisation up to N92trillion.
Interestingly, the 35 NGX listed stocks across key sectors have yielded impressive returns ranging from 100 percent to 500 percent, according to August 5 trading data. For instance, Beta Glass Plc has turbocharged the market this year with returns of 529.43 percent. Also, Champion Breweries has risen this year by 290.81percent, Honeywell Flourmills (+320.63percent), Nascon (+217.38percent), Vitafoam (+256.09percent), Ellah Lakes (+238.61 percent), and FTN Cocoa (+240.11percent).
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