7 January 2013

Nigeria: PCMN, Paints Firm, Is Best Stock With 275 Percent Growth

Paints and Coatings Manufacturers (PCMN) Plc emerged the best-performing equity on the Nigerian Stock Exchange (NSE) in 2012, leading with a 275 per cent capital gain.

PCMN is listed in the industrial goods sector and manufactures paints used in several sectors of the economy. THISDAY's independent assessment of the top 10 best stocks showed that PCMN's stock rose from N0.52 to close at N1.96 in 2012.

International Breweries Plc occupied the second position on the Top 10 best performing stocks chart with a 184 per cent gain. The equity appreciated from N5.70 to close at N16.20.

Cadbury Nigeria Plc followed with a growth of 154 per cent, rising from N11.40 to close at N29.00 per share. Diamond Bank Plc recorded a growth of 149 per cent, appreciating from N1.98 to N4.94 per share.

Livestock Feeds Plc appreciated by 100 per cent to close the year at N1.44, up from N0.72. National Salt Company of Nigeria Plc gained 99 per cent as the equity rose from N4.01 to N8.00 per share.

GlaxoSmithKline Consumer Nigeria Plc and Presco Plc garnered 96 per cent apiece, just as CAP Plc gained 93 per cent. Okomu Oil Palm Plc went up by 83 to close the year at N42.50, compared with N23.10 at which it opened the year.

Conversely, Arbico Plc, a stock listed in the construction sub-sector of the market recorded the worst performance, declining by 73 per cent. The stock dipped from N26.00 to N6.91 per share.

Morison Industries Plc followed with depreciation of 61 per cent, falling from N9.05 to close at N3.47 per share. Ikeja Hotel Plc went down by 52 per cent as it declined from N1.70 to N0.80.

Prestige Assurance Plc and IPWA Plc dipped by 45 per cent each, depreciating from N0.94 to N0.51 and N0.91 to N0.50 respectively. Oando Plc shed 44 per cent of its value, falling from N22.00 to N12.35 per share.

John Holt Plc and Custodian and Allied Insurance Plc went down by 42 per cent each, while Total Nigeria Plc shed 36 per cent.


1. Paints and Coatin - 275%

2. International Breweries Plc - 184%

3. Cadbury Nigeria - 154%

4. Diamond Bank Plc - 149%

5. Livestock Feeds - 100%

6. NASCON - 99%

7. GlaxoSmithKline - 96%

8. Presco - 96%

9. CAP Plc - 93%

10. Okomu Oil Palm - 83%

Top 10 Worst Performing Stocks

1. Arbico Plc -73%

2. Morison Industries - 61%

3. Ikeja Hotel Plc - 52%

4. Prestige Assurance - 45%

5. IPWA Plc - 45%

6.MRS Oil Nigeria - 43%

7. Oando Plc - 44%

8.John Holt - 42%

9.Custodian and Allied Insurance - 42%

10. Total Nigeria - 36%

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