Obinna Chima, Editor, THISDAY Saturday
At the beginning of the year, while many Nigerians were consumed by the soaring cost of living, rent, school fees, transport and other familiar family and economic worries, some discerning investors were taking position in the stock market.
Few imagined that, amid the economic uncertainty, the Nigerian stock market would quietly produce some of the most spectacular wealth creation stories in recent history.
While millions watched from the sidelines, a handful of investors saw modest sums multiply into fortunes as several stocks posted triple-digit gains in just over six months. So, what if you had taken that leap of faith? How much would your N500,000, N1 million or even N2 million investment in the stock market at the beginning of the year be worth today? This week, I examine 10 stocks on the Nigerian Exchange Limited (NGX) that have delivered extraordinary returns to investors who got in early.
Leading the pack is little-followed stock, Zichis Agro-Allied Industries Plc. Surprised? So was I. This stock which was listed on the Crop Production sub-sector of the NGX in January this year, has had an interesting journey.
