54 Companies whose stocks gained more than 100% in 2023 on The Nigerian Exchange

Year 2023 has been a remarkable year for Investors on the equities market of The Nigerian Exchange.

The benchmark All-Share Index (NGX ASI) recorded a 44.92% gain, rising to 74,773.85 points at the end of trading on 29th December, 2023, the last trading day of the year.

Also read; List of Dividends announced in 2023, qualification and payment dates

On the first day of trading, the NGX ASI opened at 51,251.06 points, and by the end of trading on that day, it closed at 51,595.66.

The year saw the election and swearing-in of President Bola Ahmed Tinubu on May 29, 2023. In the last trading day before the swearing in of the new President, the NGX ASI closed at 52,973.88 points.

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• The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?
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54 company stocks gained more than 100% in the year in review, and many other company stocks recorded gains as well.

The biggest gainer, Transcorp Hotels Plc (NGX: TRANSCOHOT) rose by 1,0022.88%, while the least gainer, International Breweries Plc (NGX: INTBREW) rose by 2.13%.

Below is the list of all 54 companies whose company stock rose by more than 100%;

1. Transcorp Hotels Plc (NGX: TRANSCOHOT): Rose 1,022.88% to close at N70.18
2. CWG Plc (NGX: CWG): Rose 802.17% to close at N8.30
3. Chams Holding Company Plc (NGX: CHAMS): Rose 720.83% to close at N1.97
4. Transnational Corporations Plc (NGX: TRANSCORP): Rose 666.37% to close at N8.66
5. MRS Oil Nigeria Plc (NGX: MRS): Rose 644.68% to close at N105.00
6. Northern Nigeria Flour Mills Plc (NGX: NNFM): Rose 639.84% to close at N45.50
7. Japaul Gold & Ventures Plc (NGX: JAPAULGOLD): Rose 529.63% to close at N1.70
8. Ikeja Hotels Plc (NGX: IKEJAHOTEL): Rose 471.43% to close at N6.00
9. Skyway Aviation Handling Company Plc (NGX: SKYAVN): Rose 407% to close at N25.35
10. FTN Cocoa Processors Plc (NGX: FTNCOCOA): Rose 393.33% to close at N1.48
11. Nascon Allied Industries Plc (NGX: NASCON): Rose 384.23% to close at N53.75
12. Infinity Trust Mortgage Bank Plc (NGX: INFINITY): Rose 372.44% to close at N6.00
13. Multiverse Mining And Exploration Plc (NGX: MULTIVERSE): Rose 366.58% to close at N18.57
14. Daar Communications Plc (NGX: DAARCOMM): Rose 350% to close at N0.90
15. Golden Guinea Plc (NGX: GOLDBREW): Rose 288.89% to close at N3.15
16. Omatek Ventures Plc (NGX: OMATEK): Rose 280% to close at N0.76
17. Sunu Assurances Nigeria Plc (NGX: SUNUASSUR): Rose 279.31% to close at N1.10
18. International Energy Insurance Plc (NGX: INTENEGINS): Rose 265.79% to close at N1.39
19. Nigerian Aviation Handling Company Plc (NGX: NAHCO): Rose 262.86% to close at N25.40
20. Dangote Sugar Refinery Plc (NGX: DANGSUGAR): Rose 255.14% to close at N57.00
21. Secure Electronics Technology Plc (NGX: NSLTECH): Rose 236.36% to close at N25.40
22. Associated Bus Company Plc (NGX: ABCTRANS): Rose 224% to close at N0.81
23. Conoil Plc (NGX: CONOIL): Rose 216.60% to close at N83.90
24. United Ban for Africa Plc (NGX: UBA): Rose 209.04% to close at N25.65
25. John Holt Plc (NGX: JOHNHOLT): Rose 190% to close at N2.32
26. Deap Capital Management & Trust Plc (NGX: DEAPCAP): Rose 190% to close at N0.58
27. Thomas Wyatt Nig. Plc (NGX: THOMASWY): Rose 178.35% to close at N2.70
28. Glaxo Smithkline Consumer Nig. Plc (NGX: GLAXOSMITH): Rose 176.42% to close at N17.00
29. AXA Mansard Plc (NGX: MANSARD): Rose 175% to close at N5.50
30. Unity Bank Plc (NGX: UNITYBNK): Rose 174.58% to close at N1.62
31. Tripple Gee and Company Plc (NGX: TRIPPLEG): Rose 172.15% to close at N2.15
32. Oando Plc (NGX: OANDO): Rose 170.62% to close at N2.15
33. BUA Foods Plc (NGX: BUAFOODS): Rose 170.49% to close at N193.40
34. Geregu Power Plc (NGX: GEREGU): Rose 167.79% to close at N399
35. Access Holdings Plc (NGX: ACCESSCORP): Rose 163.07% to close at N23.15
36. Fidelity Bank Plc (NGX: FIDELITYBK): Rose 148.85% to close at N10.85
37. The Initiates Plc (NGX: TIP): Rose 139.58% to close at N1.15
38. Tantalizer Plc (NGX: TANTALIZER): Rose 135% to close at N0.47
39. Cornerstone Insurance Plc (NGX: CORNERST): Rose 133.33% to close at N1.40
40. P Z Cussons Nigeria Plc (NGX: PZ): Rose 120.66% to close at N26.70
41. Consolidated Hallmark Holdings Plc (NGX: CONHALLPLC): Rose 119.40% to close at N1.47
42. R T Briscoe Plc (NGX: RTBRISCOE): Rose 117.86% to close at N0.61
43. Berger Paints Plc (NGX: BERGER): Rose 116.67% to close at N13.00
44. Jaiz Bank Plc (NGX: JAIZBANK): Rose 115.56% to close at N1.94
45. S C O A Nig. Plc (NGX: SCOA): Rose 115.22% to close at N1.98
46. Lasaco Insurance Plc (NGX: LASACO): Rose 113.48% to close at N1.90
47. UPDC Real Estate Investment Plc (NGX: UPDCREIT): Rose 1113.33% to close at N6.40
48. FCMB Group Plc (NGX: FCMB): Rose 110.83% to close at N7.40
49. Seplat Energy Plc (NGX: SEPLAT): Rose 110% to close at N2,310.00
50. FBN Holdings Plc (NGX: FBNH): Rose 109.33% to close at N23.55
51. Eterna Plc (NGX: ETERNA): Rose 108.27% to close at N13.85
52. Stanbic IBTC Holdings Plc (NGX: STANBIC): Rose 108.22% to close at N69.65
53. Chellarams Plc (NGX: CHELLARAM): Rose 105.45% to close at N4.15
54. Linkage Assurance Plc (NGX: LINKASSURE): Rose 100% to close at N0.80

Only 12 companies saw its share price decline in the year, with the highest, Royal Exchange Plc (NGX: ROYALEX) declining by 39.42%, and the least, BUA Cement Plc (NGX: BUACEMENT) declined by 0.77%

Nnamdi Maduakor

Nnamdi Maduakor is a Writer, Investor and Entrepreneur