The NGX All-Share Index appreciated by 4.3% to close the month of October at 69,236.19 index points, recording a YTD return of 35.09% growth.
Despite concerns such as rising inflation, interest rate hikes, elevated exchange rates, and apprehension surrounding the fallout of the 2023 general elections, investor confidence remained strong, leading to increased buying activity.
Some stocks have performed exceptionally well, posting triple-digit returns in the first ten months of the year. These are mainly companies that have strong fundamentals, diversified revenue streams, and competitive advantages in their respective sectors.
These stocks have delivered impressive returns despite volatility in the economy, marked by elections elevated exchange rates, and rising inflation, which affected business performance.
The top performers encompass a range of sectors, indicating diverse opportunities for investors.
These are the top 5 performers in 2023 YTD October 2023…
Read more from source: https://nairametrics.com/2023/11/07/best-performing-stocks-in-nigeria-ytd-october-2023/