LAGOS: Analysis by the FSDH research of the yearly returns of the equity market as measured by The Nigerian Stock Exchange All-Share Index (NSE ASI) between 2008 and 07 February 2018 shows that, although the equity market depreciated in more years than it appreciated, some stocks recorded returns in excess of 1,000 per cent.
According to the research, the total return of an initial investment of N100,000 each in the 10 highest capitalised stocks (except Dangote Cement and Seplat) between December 2008 and 07 February 2018 shows that GT Bank recorded the highest return of 1,100 per cent.
The breakdown of the total return in the GT Bank stock shows that capital appreciation, cash dividend and bonus issue contributed 33 per cent, 20 per cent and 47 per cent respectively.
