After beginning 2024 on a blistering note, the NGX slowed down in the second quarter of the year.

    With an All-Share Index of 99,925.29 as of June 14, 2024, the market has a year-to-date return of 33.64%.

    This is in contrast with the 39.84% YTD return achieved at the end of Q1 2024.

    The slowdown in Q2 2024 is linked to a very bearish April, which the market has tried to bounce back from in May and June.

    As of June 14, 2024, the NGX has recorded a month-to-date return of 0.63%, having begun the month with an ASI of 99,300.38 points.

    The gains recorded in June can be attributed to the 5.09% gain posted by the NGX Oil and Gas Index, the 2.99% increase in the NGX Banking Index, the 2.24% rise in the NGX Pension Index, and the 1.39% uptick in the NGX Consumer Goods Index.

    Here are the 10 best performing stocks in the NGX in June so far.

     

     

    TotalEnergies Marketing Nigeria – +20.96%

    The gain posted by TotalEnergies has been instrumental to the 5.09% gain recorded so far by the NGX Oil and Gas Index in June. The stock has gained 20.96% this month, with its share price hitting N388.90 from N321.50.

    TotalEnergies has posted a year-to-date gain of 1.01%. It started 2024 with a share price of N385, however, after posting a 10% decline in January, and a 7.22% decline in April, it slid to N321.50.

     

    Guinness Nigeria – +21.59%

    Guinness Nigeria Plc gained 21.59% in June, with its share price moving from N49.55 to N60.25 during the month.

    Year-to-date, Guinness Nigeria has lost 8.71%, as it started 2024 with a share price of N66.00. Since the announcement of Tolaram’s takeover of the company, its share price has surged by 19.19%, rising from N50.55.

     

    FTN Cocoa Processors – +24.55%

    Between June 3 and June 14, FTN Cocoa gained 24.55%, as its share price moved from N1.10 to N1.37 within the month. However, year to date, the stock has posted a loss of 7.43%.

     

    Veritas Kapital Assurance – +25.40%

    Between June 3 and June 14, Veritas Kapital gained 25.40%, as its share price moved from N0.59 to N0.74 during the period. The stock has achieved a year-to-date return of 100%.

    In June, VERITASKAP has been one of the most traded stocks in the NGX, with an overall turnover volume of 241.678 million shares during the month.

     

    Chams Holding Company – +26.67%

    Chams Holdco has gained 26.67% so far in June, with its share price moving from N1.50 to N1.90.

    After ending 2023 as one of the best-performing stocks in the NGX, Chams Holdco hasn’t enjoyed similar luck in 2024, as it currently holds a 3.52% year-to-date decline. It entered 2024 with a share price of N1.97 before appreciating to N3.35. However, massive selloffs by investors triggered a share price decline.

     

    RT Briscoe – +27.81%

    With its share price moving from N0.48 to N0.61, RT Briscoe posted a gain of 27.81% in June. The company started 2024 with a share price of N0.61.

     

    Oando Plc – +28.81%

    Oando Plc has posted a 28.81% gain so far, with its share price moving from N11.80 to N15.20 as of June 14.

    Year-to-date, Oando Plc has achieved a 44.8% gain, driven by heightened investor interest stemming from improved regulatory compliance, such as the release of its annual results.

     

    Presco Plc – +29.12%

    Oil palm company, Presco Plc gained 29.12% in June, as its share price moved from N267.20 to N345 during the month. June has been quite a busy month for the company as it undergoes a management transition.

    In 2024, Presco has presented a year-to-date return of 78.8%.

     

    Regency Assurance Plc – +30.56%

    Regency Assurance has recorded a gain of 30.56% this month, with its share price moving from N0.36 to N0.47 between June 3 and June 14.

    Year-to-date, the stock has posted a return of 23.7%, as it began 2024 with a share price of N0.38.

     

    Deap Capital Management & Trust – +40.00%

    Deap Capital gained the most in the NGX in June. With its share price moving from N0.40 to N0.56 as June 14, the stock has gained 40%.

    The stock however has a year-to-date loss of 3.45%, as it suffered a massive slump between January and March 2024.

     

    MARKET STATUS: CLOSED

    loading...
    Gainers
    Decliners
    Volume
    UNITED CAPITAL33.00+10.00%16/07
    CUTIX5.58+9.84%16/07
    SUNU ASSURANCES NIGERIA1.39+7.75%16/07
    CORNERSTONE INSURANCE2.10+7.69%16/07
    UACN15.20+7.42%16/07
    VETIVA S&P NIGERIA SOVEREIGN BOND ETF152.11-39.16%16/07
    SIAML PENSION ETF 401,071.00-10.00%16/07
    RED STAR EXPRESS3.95-9.82%16/07
    MCNICHOLS1.01-9.01%16/07
    DEAP CAPITAL MANAGEMENT & TRUST0.49-5.77%16/07
    ZENITH BANK40.0057,420,56016/07
    ACCESS HOLDINGS19.2536,745,09916/07
    GUARANTY TRUST HOLDING45.6029,160,80616/07
    JAIZ BANK2.1528,342,28516/07
    UNITED BANK FOR AFRICA23.0020,307,58016/07

    🇳🇬 Nigerian Naira



    african indices

    BRVM-CI234.94+1.01%16/07
    BSE DCI9,380.40-12/07
    DSE ASI2,080.90+0.13%16/07
    EGX 3027,828.92-0.44%16/07
    GSE-CI4,085.76-0.02%16/07
    JSE ASI81,124.08-1.25%16/07
    LuSE ASI14,498.76-0.04%16/07
    MASI13,456.34+0.17%16/07
    MSE ASI125,398.40+0.69%16/07
    NGX ASI100,075.59+0.11%16/07
    NSE ASI110.23+0.09%16/07
    NSX OI1,783.48-2.40%16/07
    RSE ASI145.50-12/07
    SEM ASI1,931.16+0.08%16/07
    TUNINDEX9,861.22+0.20%16/07
    USE ASI1,044.96+0.27%16/07
    ZSE ASI189.22+4.99%16/07