INFLATION IS CURRENTLY AT 33.4%

 

Inflation is currently at 33.4%, but here's something I would like to bring to your notice...

There are some stocks that if at the beginning of the year you invested in them, your investment would have outperformed the inflation rate.

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This is a list of 5 of the best-performing stocks so far in 2024

I do update this list from time to time, to give you a sense of how the Nigeria Stock Market has fared and which stocks still have much upside.

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1) OANDO has gained 733.3%.

Meaning, if you bought this stock at the beginning of the year with N100k, your investment is now worth N833,300.

2) JULIUS BERGER has gained 225.6%

If you bought this stock at the beginning of the year with N100k, your investment is now worth N325,600

3) ETERNA has gained 152.7%

If you bought into Transcorp at the beginning of the year with N100k, your investment is now worth N252,700

4) PRESCO has gained 150.6%

If you used N100k to buy this stock at the beginning of the year, your investment is now worth N250,600

5) BUA FOODS has gained 104.2%

If you used N100k to buy this stock at the beginning of the year, your asset is now worth N204,200


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7 Nigeria Stocks (from 5 different sectors) have each done more than 100% already this year alone.

There are still some goodies in the Nigeria Stock Market, all you need do is understand where the money is and how to monitor your investment.

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P.S.: This post is just for educational and information purposes only and not an investment advice.