Bumper Harvest as Equities Deliver High Capital Gains

31 Dec 2012

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 Trading session at NSE

By Goddy Egene

Investors, who dared the bearish trend in the Nigerian stock market at the beginning of 2012, are now witnessing a bumper harvest in form of capital gains as the year comes to an end today.

Given the losses they suffered as a result of the market downturn in 2008 and 2009 and the persistent fall in the prices of many equities, many investors have been staying away from the market.

However, some discerning ones, who took advantage of the low valuations and entered the market at the beginning of the year are now smiling home with different levels of capital appreciation.

THISDAY checks revealed that while the Nigerian Stock Exchange (NSE) All-Share Index, which measures the aggregate performance of the equities market, is posting a growth of 34 per cent for the year, investors are going home with higher capital gains. One of the stocks, Paints and Coating Manufacturers Plc, even fetched investors a capital gain of 263 per cent.

Investors, who bought International Breweries Plc shares at the beginning of the year have reaped a capital gain of 181 per cent, Diamond Bank delivered 154 per cent capital gain.

Investors in National Salt Company of Nigeria Plc (NASCON) smiled home with a capital gain of 102 per cent, just as Livestock Feeds Plc returned 98 per cent capital gain.

Livestock Feeds Plc, GlaxoSmithKline Consumer Nigeria Plc, CAP Plc, Presco Plc, Access Bank Plc, and Transcorp Plc fetched investors’ capital gains of 98 per cent; 96 per cent; 93 per cent; 89 per cent; 88 per cent and 81 per cent respectively.

Other stocks that delivered capital gains above 60 per cent include: FBN Holdco Plc (75.5 per cent); Airline Services and Logistics Plc (75 per cent); Arbico Plc (73 per cent); United Bank for Africa Plc (70 per cent); Avoncrowncaps Nigeria Plc (68 per cent); Sterling Bank Plc (66 per cent);Dangote Flour Mills Plc ( 64 per cent) and NCR Nigeria Plc (62 per cent). 

Tags: Nigeria, Featured, Business, NSE

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