Nigeria’s biggest stock market gainers are being driven by a combination of improving corporate earnings, turnaround expectations, and strong demand for low-priced shares, with the financial performance of the companies showing that the rally has different fundamental stories behind it.
While the Nigerian Exchange’s All-Share Index has gained more than 55.29 per cent this year, some small and mid-cap stocks have significantly outpaced the broader market, recording gains of more than 200 per cent.
Fortis Global Insurance Plc has recorded the largest increase, rising about 1,215 per cent from its January price, while Zichis Agro Allied Industries Plc gained 819.60 per cent. SCOA Nigeria Plc rose 365.49 per cent, R.T. Briscoe Nigeria Plc about 260 per cent, Union Dicon Salt Plc 244.20 per cent, Infinity Trust Mortgage Bank Plc 221.43 per cent, Berger Paints Nigeria Plc 207.50 per cent and Premier Paints Plc 204 per cent.
The scale of the gains, however, does not mean the stocks are being driven by the same factors. For some companies, the share-price rally has coincided with a significant improvement in earnings. For others, investors appear to be betting on a turnaround, restructuring or future corporate action, while thin free floats and relatively low starting prices have amplified the movements.
This checks the top 10 highest returning stocks on the NGX as of Friday, August 14, 2026.
Fortis Global Insurance – 1215%
Fortis Global Insurance provides the clearest example of why the headline return needs to be treated…
Source link
Read Full Article by Muhammed Lawal at businessday.ng
Source link
