BUSINESS

Investdata’s 15 Golden Stocks Outperform NGXASI, Returns 103.55%

 

Ahead of the Invest 2024 Traders & Investors Summit slated for Saturday, via virtual , the organisers, Investdata Consulting Limited has released the performance scorecard of the 15 Golden Stocks recommended during the last edition, which revealed a superlative performance as they recorded 103.55per cent average capital appreciation between December 2, 2022 to Friday, November 24, 2023. Within the period, the Composite the NGX All-Share Index grew by 38.98 per cent.

The best capital appreciation among stock recommended as part of the 2022 edition was recorded by Transnational Corporation of Nigeria (Transcorp Plc) which opened for the period at N1.17 and closed last Friday at N6.40 per share.

This represented a capital appreciation of 447.01 per cent, which investors and traders who exited much earlier at its all time high of N7.71 made much more money.

It was followed by Dangote Sugar Refinery, which returned 270.37%, opening at N16.20, closing at N60.00, with a peak of N71.50, helped by the ongoing merger plans with sister companies into production of edible salt, tomato paste and rice into an integrated food company.

Eterna Plc was next among company’s traders and investors recorded significant appreciation in their capital, as those who took position immediately after the recommendation was made in December last year at N5.34 each have seen their investment appreciate to N13.60, representing 154.68per cent, and even much more for those who exited at its all-time best of N37.70 each.

Stanbic IBTC followed with a 112.77 per cent capital appreciation, after closing at N65.00, up from N30.55 at the beginning of the period, touching a high of N85.05 each, within the period; ahead of Total Energy which returned 99.48% closing at N385.00 which incidentally remains its best for the period from the N193.00 openng price.

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Access Corporation, whose share price appreciated from N8.70 each to N17.35 per share followed closely with 99.43per cent capital appreciation, after touching a high of N19.85 each within the period under review.

GTCO recorded a growth of 82.24per cent appreciating from N21.40 to N39.00, touching N41.80 along the way; Presco, another recommended stock proved to be really golden within the period, returning 71.17per cent as it closed last Friday at N189.90, after opening at N110.94, peaking at N220.00.

Zenith Bank closed at N34.70, 67.63% better than its opening price of N20.70, and after hitting a high of N37.80 per share; while Custodian Investment appreciated by 42.99 per cent from N5.35 each to N7.65 and within the period hitting N8.30 each; among others.

One interesting fact about the performance of the 10 Golden stocks, according to Ambrose Omordion, Chief Research Officer of Investdata Consulting Limited, is the fact that none of the stock recommended closed negative, aside from the fact that most of the stocks recorded double-digit growth, just as most of them recorded far better growth than in the previous years.

According to Omordion, the year 2024 is “setting out with challenges and opportunities for discerning investors and smart traders to take advantage to grow their earns and create wealth, so for profitable diversification, sectoral rotation and capital preservation, team of experts and professional are coming together to share their wealth of knowledge and practical trading experience that had help them to navigate nation stock market of bullish and bearish cycles of many decades.”

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