BRVM & NGX Markets Surge: 20 African Stocks Show Notable Gains, First Holdco Leads with +117.32%

BRVM & NGX Markets Surge: 20 African Stocks Show Notable Gains, First Holdco Leads with +117.32%

African stock markets are demonstrating robust performance, with a total of 20 listed companies across the Bourse Régionale des Valeurs Mobilières (BRVM) and the Nigerian Exchange (NGX) recording significant upward price movements. This broad-based rally underscores the dynamic potential present in key African economies for informed investors.

Leading this impressive wave of gains is First Holdco Plc (FIRSTHOLDCO) on the NGX, which saw an outstanding increase of +117.32% over the last 90 days. Trading at NGN 149.95, First Holdco’s performance highlights strong investor confidence and market momentum.

Other top performers contributing to the market’s vibrancy include:

• Hbm Nigeria Plc (HBMNG, NGX): Experienced a strong surge of +69.62% over 180 days, currently trading at NGN 345.
• Safca Côte d’Ivoire (SAFC, BRVM): Gained an impressive +63.11% over 90 days, with shares at XOF 6035.
• Bank of Africa – Burkina Faso (BOABF, BRVM): Rose by +59.07% over 90 days, reaching XOF 8900.
• NEI-CEDA Côte d’Ivoire (NEIC, BRVM): Noted a substantial +52.04% increase over 90 days, now at XOF 2980.
• Transcorp Hotels Plc (TRANSCOHOT, NGX): Climbed by +39.96% over 180 days, priced at NGN 265.5.
• Orange Côte d’Ivoire (ORAC, BRVM): Posted a solid +36.68% increase over 90 days, trading at XOF 21800.
• Zenith International Bank Plc (ZENITHBANK, NGX): Saw a significant rise of +36.56% over 180 days, with shares at NGN 127.

These notable price moves, evaluated across 7-day, 90-day, and 180-day rolling windows, indicate a period of significant growth and opportunity. The diversity of companies and sectors involved, from telecommunications and finance to hospitality and industrial operations, suggests a broad economic uplift across these regions.

Daba Finance is committed to providing high-quality, compliance-safe investment insights to help you navigate these dynamic markets and maximize your wealth-building potential in Africa and emerging markets.