Best stocks to buy in the Nigeria Stock Exchange

The Nigerian Stock Exchange – previously known as the Lagos Stock Exchange – is a body established in 1960 and regulated by the Securities and Exchange Commission. Currently, it has about 169 listed companies with a gross market capitalization of over ₦13 trillion which makes it the third largest stock exchange in Africa.

The stock of a company is all of the shares into which ownership of the company is divided. Purchasing a share of a company’s stock simply means you become a part owner (shareholder) of that company. People really make money from buying these stock shares, as the prices can really appreciate in just weeks. But, as much as you can make money from buying stock shares, you can also lose your money if you buy or invest in the wrong stock. Thinking of buying stock shares? Below are some of the best stocks to buy in the Nigeria Stock Exchange;

  1. ACCESS BANK PLC (ACCESS)

Access Bank Plc. is one of the top banks in the Nigerian Banking Sector. Access Bank Plc. (Access) is currently the top most active stock being traded on the Nigeria Stock Exchange. It currently trades at 6.65 Naira and has a volume of 32,308,958.

  1. UNITED BANK FOR AFRICA (UBA)

UBA, another giant in the Banking sector is the second most active stock being traded on the Nigeria Stock Exchange. The stock price has been rising for months now and it currently trades at 7.65 Naira with a volume of 142,373,966.

  1. DIAMOND BANK

Diamond Bank needs no introduction, they have been among the most active stocks for a long while. The price is much lesser than the previously mentioned, it is traded for 2.35 Naira with a 20,229,083 volume.

  1. TRANSNATIONAL CORPORATION OF NIGERIA PLC (TRANSCORP)

Transcorp Nigerian is a multi investment company that focuses majorly on the hospitality, agribusiness and energy sectors. The stock price which was about 1.25 as at late January is now 1.33 and has a volume of 54,539,943.

  1. ZENITH BANK

Top multinational financial service provider based in Nigeria, Zenith Bank recently dropped in share price with about 0.05% in the last few days. Yet, with 24.40 Naira as its current stock price and a volume of 147,028,394, Zenith Bank stock is still one of the best stocks you can buy.

  1. FIDELITY BANK PLC (FIDELITYBK)

Fidelity Bank Plc is yet another one of the largest banking groups in Nigeria. The stock performance was really impressive last year and it is still is. The stock price is currently 2.45 Naira and has a volume of 13,676,195.

Conclusion

If you have any interest of investing in the Nigerian Stock Exchange, the above listed stocks are the most active in the market so you can try them.





About OLADAYO SAKOTO