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10 best stocks to buy on Nigerian stock exchange

It is a new year and you have plans to grow your finances this year. Have you been advised to invest in stocks but you are rather confused about which or what sector of stock you should invest in? look no further this article is for you. If you simply just want to know the best stocks currently on the Nigerian Stock Exchange, read through this article too.JAMB form

What is stock?

Stock in the finance world means the total shares held by an individual shareholder.  In Nigeria, The Nigerian Stock Exchange (NSE) now known as the Nigerian Exchange group was founded in 1961 then it was known as Lagos Stock Exchange. It is the only one in charge of the stock exchange in Nigeria and is regulated by the Securities and Exchange Commission of Nigeria. Nationals and foreigners are free to invest with the 176 listed companies.

According to this institution, the following are the best stock to buy on Nigeria Stock Exchange according to their performance currently.Information Guide Nigeria

Read Also: 15 Best Places To Buy Stocks In USA from Nigeria

1. MORISON INDUSTRIES PLC

Morison is the number one at the best performing stock right now in Nigeria. Morison falls under the consumer non-durable sector. Their market capital is at 1.968Billion naira, the volume at 2.129k, and the stock price at 1.99 Naira. Its products include healthcare products and cleaning products. This is a very good choice for those who will like to invest in consumer non-durable goods and its stock price is affordable with a good volume. According to the technical rating, it is advised to buy the stock of Morison rather than sell it currently.\

2. HONEYWELL FLOUR MILLS PLC

Honeywell is under the process industries sector. its processed foods are for consumer consumption. Its product includes Honeywell semolina, noodles, macaroni, wheat meal, etc. Their stock price is 3.23 naira with its market capital at 25.377B Naira and its volume at 199.773k. According to its technical rating, it is advisable to sell the stock rather than buy it for investors. Though it is advised to sell, Honeywell is also among the top gainers as well.

3. VITAFOAM PLC

Vitafoam falls under the process industries sector. It is a household brand that caters to bedding and furniture needs. Its market capital is 37.769B Naira, its volume is at 159.72K and its stock price is 22.20 Naira. According to the technical rating, it is advised to buy the stocks rather than sell presently. It is also among the highest net income stocks. This is another reason why it is advisable to buy the stock.best stock to buy

Read Also: 10 Best Apps to Help You Invest In the US Stock Market from Nigeria

4. GUINNESS NIGERIA PLC

Guinness Nigeria is a household brand for alcoholic beverages. Its products include but are not limited to Orijin, Smirnoff, Snapp, Malta Guinness, etc. It falls under the consumer non-durable sector. Its market capital is 93.091B naira its volume is at 222.078k and its stock price is 42.50 naira. According to the technical ratings, it is strongly advised to buy the stocks currently and it has been 52 weeks high. There is no better time to buy the stock than now.

5. ROYAL EXCHANGE PLC

Royal Exchange falls under the finance sector. It offers financial services, especially in insurance. With a market capital of 4.219B Naira, its volume at 881.709k, and its stock price at 0.82 naira.JAMB Result

Royal Exchange is a good stock to buy presently. If you looking for a financial service company to invest in, this is a very good option for you seeing as the stock price is affordable too. According to the technical rating, it is advised to buy this stock presently.

Read Also: How to Invest In US Stock Market from Nigeria

6. COURTEVILLE INVESTMENTS PLC

Courteville investment falls under the commercial services sector. It engages in several business activities.  0.55 naira is its stock price, market capital at 1.776B Naira and its volume is 19. 356M. It is strongly advised to buy the stocks at the moment and it has an unusual volume another reason why you might want to invest in this stock.Npower recruitment

7. UNIVERSITY PRESS PLC

University press plc is one of the foremost publishing houses in Nigeria. University press is under the Consumer services sector. It offers services not only in publishing but also prints, distributing, and marketing books. With its stock price at 2.94, volume 1.021K, and a market capital of 1.268BN. it is advised to buy stocks at UPPLC right now according to the technical ratings. If you have always wanted to invest in a publishing house, University press is your choice right now. It has also been high for 52 weeks now.dollar to naira rate

Read Also: How to Launch a Stock Trading Career without prior experience

8. CUTIX PLC

Cutix falls under the producer manufacturing sector. It is a cable manufacturing company in Nigeria from aluminum cables, to appliance cable, to automotive cable, etc. With its stock price at 2.40, with a volume of 235.2K and a market capital of 8.454B. It is advised to sell this stock right now rather than buy according to its technical ratings. So it is advisable for investors right now to sell rather than buy.10 best creams for dark knuckles in Nigeria

9. UNITED CAPITAL PLC

United Capital is in the finance sector. It is a financial and investment company. It offers services in Investment banking, Asset management, wealth management, Trusteeship, and Securities. With 10.75NGN as its stock price, 1.755M as volume, and its market capital at 65.4B, it is advised to buy this stock rather than sell according to its technical rating.

10. SKYWAY AVIATION HANDLING COMPANY PLC (SHACO PLC)

Skyway Aviation is in the transportation sector. It offers airport and aviation services. With 5.83 as its stock price, 2.6K as its volume, and its market capital at 7. 851B, it is advised to buy the stock currently according to its technical rating.WAEC result

Read Also: 8 Steps to Invest in the Nigerian Stock Market and Enjoy dividends

Wrapping Up

The list above was curated based on the best-performing stock right now. One thing you should know about investment as a potential investor is that investment can be risky as stock prices are not static but are dynamic i.e. it tenders to change from to time. But remember the higher the risk, the higher the returns, and the lower the risk, the lower the return. So invest wisely.List of Top 10 Footballers with University degrees in the world

Check and Confirm: How much is Dollar to Naira today      Pounds to Naira today



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