Best Shares to Buy in Nigeria Now – The Nigerian Market Group (NGX) is the country’s official stock swap, where 360 publicly traded firms list their shares for retail and institutional investors to purchase, sell, or exchange.
While selecting the correct shares to trade may be a time-consuming process for many investors, we have compiled a detailed list of the 5 best shares to purchase in Nigeria right now, based on data from the NGX’s top-traded firms.
Best Shares to Buy in Nigeria Now
Honeywell Flour Milling Company (NGX: HONYFLOUR)
Honeywell Flour Mill is a producer and marketer of wheat-based goods such as flour, semolina, noodles, pasta, and more.
Honeywell Flour Mill began the year with a share price of 1.20 NGN, and it has gained 217 percent on this price valuation, placing it third on the NGX in terms of year-to-date performance.
Investors are bullish about HONYFLOUR shares since it has risen by 85 percent in the last four weeks.
The company Conoil Plc (NGX: CONOIL)
Conoil Plc began the year at 20.85 NGN and has since climbed by 7.19 percent to a price of 22.35 NGN, putting it 53rd on the NGX in terms of year-to-date performance.
CONOIL is the 87th most-traded stock on the NGX, with a total volume of 6.35 million shares sold in 1,340 transactions for a total value of NGN 139 million. On August 9, CONOIL had an all-time high trading volume of 695,146.
Seplat Energy PLC (NGX: SEPLAT)
Seplat Energy PLC began the year with a share price of 402.30 NGN and has gained by 88.8 percent on this price valuation, ranking it 10th on the NGX in terms of year-to-date performance.
SEPLAT has been the 84th most-traded stock on the NGX in the last three months, with a total volume of 8.86 million shares moved in 1,238 transactions for a total of NGN 6.33 billion.
MTN Nigeria (NGX: MTNN)
MTN Nigeria is rated 62nd on the NGX in terms of year-to-date performance, having begun the year with a share price of 172.50 NGN and having gained 1.53 percent on this price valuation.
MTN Nigeria is the 37th most-traded stock on the NGX, with a total volume of 90.3 million shares moved in 5,621 transactions for a total of NGN 15.1 billion during the last three months.
Zenith Bank Plc (NGX: ZENITHBANK)
Zenith Bank Plc is ranked 108th on the NGX in terms of year-to-date performance, having begun the year with a price of 23.80 NGN, representing a 3.23 percent growth. Zenith Bank is also the fifth-most traded stock in the last three months, with 737 million shares exchanged.