According to the latest market data, Dangote Cement Plc, Seplat Energy Plc, and Lafarge Africa Plc have outpaced other premium stocks in returns for the eight months ending August 30th. The NGX Premium companies include Access Holdings Plc, Dangote Cement Plc, FBN Holdings Plc, United Bank for Africa Plc., Lafarge Africa Plc., Zenith Bank Plc., MTNN Plc., and Seplat Energy Plc.
Dangote Cement’s share price rose by 66.3%, reaching N532 at the end of this review period, while Seplat Energy saw its shares increase by 61.5% to N3,730.10. Lafarge Africa’s share also recorded an increase of 19.4% to N37.60, although this turned out lower than the positive rate of return recorded by NGX-ASI, which was at 29.16%.
On the other hand, other premium firms like MTNN, Access Holdings, United Bank for Africa, FBN Holdings, and Zenith Bank reported negative returns. The price point for shares belonging to MTNN reduced by 31.8%, thus standing at N180; similarly, Access Holdings dropped 17.9%, translating to N19. A similar decline rate has been attributed to the case of both United Bank for Africa, whose stock went down by 10.5%, bringing its price to N22.95, and FBN Holdings, having its stocks decrease by 4.5%, posing a value of N22.50.
MTNN’s share price decreased by 31.8% to N180; while Access Holdings’ fell by 17.9% to N19. United Bank for Africa shares went down by 10.5% to N22.95, and then FBN Holdings shares fell by 4.5% to N22.50. Zenith Bank’s share price stood at N38.25, being down by 1%.
The value of the equities market during the period under review increased by N14.5 trillion due to various listings as well as investors’ appetite for low stock prices.
