Wole Olajide, ACS
The Nigerian stock market closed the year 2024 on a bullish note with NGX All share Index (ASI) returning 37.65% year on year.
As at December 31, 2024, the All Share Index closed at 102,926.4 points, up by 37.65% against the All Share Index of 74,773.77 points on the last trading day of 2023 (December 29, 2023).
The Market Capitalisation closed the year 2024 at N62.763 trillion, up by 53.39% from the market capitalization of N40.918 trillion recorded at the close of trade in year 2023 (December 29, 2023).
Despite the tough economic climate within the year under review, quite a number of quoted companies on the floor of the Nigerian Exchange grew their share prices significantly, triggered by unprecedented rallies, establishing new 52 weeks high. In fact, there were so much surprises in the market in 2024 as some stocks significantly grew from their kobo state to naira.
Within the year, a number of stocks were delisted and new stocks were also listed on NGX. 97 stocks emerged as gainers while 30 stocks declined in their share prices, year on year.
TOP 10 GAINERS
JULI PLC
Juli Plc emerged top on the gainers list with 1645.76% growth, closing the year 2024 at N10.30 from N0.59.
Over the years, the Company faced several challenges which kept the share price at kobo status for years. The Board of Directors recently intervened by provided funding and the necessary direction to stabilise the company.
SUNU ASSURANCE PLC
Sunu Assurance Plc grew its share price by 877.27% to close the year at N10.75 from N1.10. Currently currently at its 52 weeks high, it has touched a low of N1 for within the period under review.
OANDO PLC
Oando Plc grew its share price by 528.57% to close the year at N66 from N10.50. In the past 52 weeks, the share price of Oando touched a high of N98.40 and a low of N8.30.
EUNISELL INTERLINKED PLC
The Company grew its share price by 502.19% to N19.27 from N3.20. Within the past 52 weeks, the share price touched a high of N19.27 and a low of N2.61.
TRANSCORP
Transnational Corporation Plc grew its share price by 402.31% to N43.50 from the closing price of N8.66 in December 29, 2023. The share price touched a high of N53.45 and a low of N8.85 within the past 52 weeks.
CONOIL PLC
Conoil Plc grew its share price by 361.50% to close the year at N387.20 from N83.90. It is currently trading at its 52 weeks high and has touched a low of N81.85 within the past one year.
TANTALIZERS PLC
Tantalizers Plc grew its share price by 336.17% to close the year 2024 at N2.05 from N0.47 recorded in December 29, 2023. It is currently at its 52 weeks high and has touched a low of N0.37 within the last one year.
RT BRISCOE PLC
RT BRISCOE grew its share price by 309.84% to N2.50 from N0.61. Within the past 52 weeks, the share price of RT BRISCOE has touched a high of N4.33 and a low of N0.43.
VERITAS KAPITAL ASSURANCE PLC
The Insurance Company grew its share price by 267.57% to N1.36 form N0.37. The share price has touched a high of N1.80 and a low of N0.36 within the past 52 weeks.
JULIUS BERGER PLC
Julius Berger Plc grew its share price by 261.05% to N155.25 from N43. Within the past 52 weeks, the share price of Julius Berger touched a high of N172.60 and a low of N39.50.
TOP 10 LOSERS
VFD GROUP PLC
VFD Group Plc shed 78.12% of its share price to close the year 2024 at N44.40 from N202.9. Within the past 52 weeks, the share price of VFD Group touched a high of N45 and a low of N40.10.
MULTIVERSE MINING AND EXPLORATION PLC
Multiverse shed its share price 60.42% to close the year 2024 at N7.35 from N18.57. The share price has touched a high of N24.70 and a low of N4.60 in the past 52 weeks.
DANGOTE SUGAR
Dangote Sugar shed 42.98% of its share price to close the year 2024 at N32.50 from N57. The share price touched a high of N89.50 and a low of N28.55 within the past 52 weeks. The decline in the share price of Dangote Sugar can be traced to the suspension of proposed merger between Dangote Sugar, NASCON and Dangote Rice by Securities and Exchange Commission. There is possibility that the merger may materialize in 2025.
NASCON ALLIED INDUSTRIES PLC
NASCON shed its share price by 41.67% to close the year 2024 at N31.35 from N53.75. It has touched a high of N76.76 and a low of N28 within the past 52 weeks.
The decline in the share price of NASCON can be traced to the suspension of proposed merger between Dangote Sugar, NASCON and Dangote Rice by Securities and Exchange Commission (SEC). There is possibility that the merger may materialize in 2025.
C&I LEASING
C&I Leasing shed its share price by 32.68% to close the year 2024 at N3.77 from N5.60. The share price has touched a high of N4.70 and a low of N3.60 within the past 52 weeks.
THOMAS WYATT NIGERIA PLC
Thomas Wyatt Nigeria Plc shed its share price by 30% to close the year at N1.89 from N2.70. The share price of the Company has touched a high of N2.8 and a low of N1.43 within the past 52 weeks.
DAAR COMMUNICATIONS PLC
DAAR Communications Plc shed its share price by 30% to close at N0.63 from N0.90. Within the past 52 weeks, the share price of DAARCOMM touched a high of N1.29 and a low of N0.39.
MTN NIGERIA
MTN Nigeria shed its share price by 24.24% to close the year at N200 from N264. It has touched a high of N319.8 and a low of N169 in the past 52 weeks.
UPDC Real Estate Investment Trust (UPDCREITS)
UPDC Real Estate Investment Trust shed its share price by 21.88% to close the year at N5 from N6.40. It has touched a high of N7.65 and a low of N4 in the past 52 weeks.
NESTLE NIGERIA PLC
Nestle shed its share price by 20.45% to close the year at N875 from N1,100. It has touched a high of N1,196 and a low of N795.3 within the past 52 weeks.
