Nigeria Stock Exchange, January 2012 Leaders: In depth Analysis

The Nigerian Stock Exchange has started out the year on a promising note. Sure the All Share Index is only up marginally at less than a percent or 0.78% year-to-date (YTD). However there are signals that this may be a positive year for the market, especially with the increased level of interest from foreign investors based on low valuations.

BusinessNews is highlighting a few stocks across various sectors that have begun the year with an extraordinary bullish performance.

Agriculture:

Livestock Feeds: a producer of agro-allied products, the company’s stock is up 11% this year as at last Friday.

Banking:

Diamond Bank: Diamond has emerged the best performing stock in the banking sub-sector with gains of 20% YTD.

First Bank: First Bank is a top-tier bank and leading its sub-category with gains of 11% YTD.

Access Bank: Access bank recently acquired Intercontinental and downsized its staff by 1500 workers. The company’s YTD is 7% and should be a stock to watch this year.

Building Materials:

Cement Company of Northern Nigeria: The Sokoto based cement manufacturer is leading its category with a 20% YTD performance.

Dangote Cement: The leviathan of the Stock Market is up 8% YTD.

 Conglomerates:

Leventis: The company is up 7% YTD.

Food & Beverages:

Honeywell Flour: The diversified FMCG company is up 39% YTD making it one of the best performing stocks in the market.

Healthcare:

May & Baker: The pharmaceutical company is the best performing stock in the market thus far this year with a 44% YTD.

Insurance:

Law, Union & Rock is up 14% YTD leading the insurance sub-sector.

 

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