As 2024 draws to a close, the Nigerian Exchange (NGX) demonstrates resilience and success, ending the year with an impressive 37.65 percent gain. While slightly lower than the returns in 2023, this figure highlights the market’s consistent upward trend since 2020.
Amidst this strong performance, certain stocks stood out as the stars of the year, surpassing expectations with remarkable returns. From Juli Plc in the retail pharmaceutical sector to Oando in mergers and acquisitions, as well as the notable growth in insurance with Veritas Kapital Assurance and Sunu Assurances leading the way, 2024 showcased a diverse range of top performers shaping the NGX landscape.
Let’s take a closer look at some of the best-performing stocks on the NGX in 2024:
1. Juli Plc – 1646%
Juli Plc began the year at N0.59 per share and closed at N10.30 per share, consistently gaining throughout the year, especially in Q1.
2. Sunu Assurances – 877%
Sunu Assurances saw an 877 percent increase in 2024, starting at N1.10 per share and closing at N10.75 per share, with a significant surge in November.
3. Oando – 529%
After a period of turbulence, Oando experienced a 529 percent appreciation, starting at N10.50 per share and closing at N66 per share due to bullish investor reactions to corporate actions.
4. Eunisell Interlinked – 502%
Eunisell started at N3.20 per share, surged to N19.27 per share in November, and closed the year with a 502 percent gain.
5. Transnational Corporation – 402%
Transnational Corporation rose by 402 percent, closing at N43.50 per share from N8.66 at the start of the year, following its strong performance in 2023.
6. Conoil – 362%
Conoil also benefited from bullish sentiments in the oil and gas sector, gaining 362 percent and closing at N387.20 per share.
7. Tantalizers – 336%
Tantalizers underwent a transformative turnaround, ending the year at N2.05 per share from N0.47, marking a 336 percent increase.
8. RT Briscoe – 310%
RT Briscoe closed at N2.50 per share from N0.61 at the start of the year, reflecting a 310 percent appreciation.
9. Veritas Kapital Assurance – 268%
Veritas Kapital Assurance delivered strong performance, closing at N1.36 per share from N0.37, driven by a 117% increase in nine-month net profit.
10. Julius Berger – 261%
Julius Berger closed at N155.25 per share from N43.00, appreciating by 261 percent in 2024.
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