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5 Best Performing Semiconductor Stocks Record an Average ROI of 27% YTD

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Top Five Best Performing Semiconductor Stocks Gained 27 Percent  ROI  YTD

Data presented by Stock Apps indicates that the five best performing semiconductor stocks have an ROI of 27.2%. The ROI is on a Year-to-Date basis.

Semiconductor stocks soar amid 5G evolution

According to the data, Lattice Semiconductor Corporation has the highest ROI at 47.4% followed by Taiwan Semiconductor Manufacturing Company with returns of 34.09%.

QUALCOMM Inc has recorded the third highest ROI at 32.34% while Broadcom Inc. lies in the fourth spot with returns of 12.98%. Texas Instruments Incorporated closes the best performing ROI stocks at 9.2%.

Several factors led by emerging technologies have spurred the growth of semiconductor stocks. According to the research report:

The semiconductors’ stocks are expected to keep soaring as the world aggressively continues to shift towards the highly publicized 5G network. There has been an increasing demand for high speed hence the accelerated deployment of 5G technology. The technology promises a higher speed than the current 4G due to low latency. The industry stocks are now emerging as a perfect portfolio diversifier. Currently, many manufacturers are focusing on the mass production of 5G phones. With the production, 4G phones are expected to phase out giving prominence to semiconductor companies.

The Stock Apps research also reviewed the five poorly performing semiconductors where Tower Semiconductor is the worst-performing at -25.15%. Intel Corporation has an ROI of -15.86% while ON Semiconductor Corporation ROI’s stands at -13.08%. Micron Technology returns stand at -8.44% while NXP Semiconductors N.V has an ROI of -4.08%.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

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Flour Mill, Conoil, Guinness, Others Gain as Nigerian Stock Exchange Hit N15.147 Trillion

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Nigerian Stock Exchange Hit N15.147 Trillion Market Value as Flour Mill, Conoil, Guinness Led Gainers

Buying pressure continues to fuel stock appreciation in the Nigerian Stock Exchange despite the economic uncertainties expected to hurt the Exchange outlook and drag on the nation’s productivity.

The Nigerian Stock Exchange market capitalisation gained N106 billion to close at N15.148 trillion on Tuesday, up from N15.042 trillion it settled on Monday.

While the NSE All-Share Index expanded by 0.70 percent to finish the day at 28,980.29.

Investors traded a total share of 385.599 million worth N2.914 billion in 5,283 transactions during the trading hours Tuesday.

First Bank led the most traded stocks with 81.781 million shares valued at N505.527 million. This was followed by Access Bank’s 50.721 million shares estimated at N391.235 million.

Fidelity, ETI and UBA came third, fourth and fifth with 35.187 million shares, 24.146 million shares and 20.490 million shares valued at N75.105 million, N121.172 million and N147.116 million, respectively.

Flour Mill led the top gainers’ chart after reporting an impressive 68 percent profit after tax in the first half of 2020/21.

The leading integrated food business and agro-allied Group gained N2.3 or 9.50 percent to settle at N26.5 per unit. Conoil trailed with N1.55 or 9.81 percent to N17.35 a share.

Guinness, Cadbury and GTBank appreciated by 90 kobo or 5.63 percent, 70 kobo or 9.21 percent and 60 kobo or 1.96 percent to close the day at N16.9, N8.3 and N31.25, respectively. See the details below.

Top Trades

Symbols Volume Value
FBNH 81,781,071 N505,527,223.65
ACCESS 50,720,636 N391,235,494.10
FIDELITYBK 35,187,090 N75,105,164.78
ETI 24,145,806 N121,171,775.05
UBA 20,490,505 N147,116,439.70

Top Gainers

Symbols Last Close Current Change %Change
FLOURMILL N24.2 N26.5 2.3 9.50%
CONOIL N15.8 N17.35 1.55 9.81%
GUINNESS N16 N16.9 0.9 5.63%
CADBURY N7.6 N8.3 0.7 9.21%
GUARANTY N30.65 N31.25 0.6 1.96%

Top Losers

Symbols Last Close Current Change %Change
NEM N2.06 N2.03 -0.03 -1.46%
WEMABANK N0.58 N0.57 -0.01 -1.72%
DEAPCAP N0.27 N0.27 0 0.00%
UNIONDICON N10.95 N10.95 0 0.00%
MOBIL N178.3 N178.3 0 0.00%

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Nigerian Stock Exchange Opens the Week Positive as Investors Gain N42 Billion

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Stock Investors Gained N42 Billion as Market Capitalisation Rose Above N15 Trillion

The Nigerian Stock Exchange opened the week strong as investors on the bourse gained N42 billion on Monday despite the curfews and looting that trailed the #EndSARS protest.

Investors traded a total of 340.8 million shares valued at N5.6 billion in 4,235 transactions on Monday, against the 238 million shares worth N4.4 billion that exchanged hands in 2,942 transactions on Friday.

The strong buying pressure bolstered the Nigerian Stock Exchange market capitalisation by N42 billion from N15.000 trillion it closed on Friday to settle at N15.042 trillion on Monday.

GTbank led in terms of the most traded stocks by volume with 56.8 million shares valued at N1.7 billion. Zenith Bank came second with 47.8 million shares worth N1 billion.

Wapic Insurance, FBN Holdings and UBA recorded 40.1 million shares, 26.1 million shares and 21.8 million shares valued at N14.8 million, N160.1 million and N155.4 million, respectively.

On highest gainers, Flour Mills led with a profit of N1.20 to close at N24.20 per share. This was followed by Dangote Cement, which appreciated by N1 to close the day at N152 per share.

Custodian Investment came third with a gain of 50 kobo to end the day at N5.50 per unit. Ecobank and GlaxoSmithKline came fourth and fifth with 35 kobo profit and 25 kobo profit to settle at N4.90 per share and N5.65 per share, respectively.

On the losers’ top chart was NASCON that depreciated by N1.20 to finished at N13.10 per unit. While the International Breweries lost 29 kobo to close the day at N6.01 per share.

Dangote Sugar declined by 10 kobo to sell at N13.70 per share; Morison Industries dropped 6 kobo to 54 kobo a unit share and NAHCO dipped by 5 kobo to N2.05 per share.

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Conoil Declares N1.39 Billion Dividend for 2019 Financial Year

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Conoil

Conoil to Pay Shareholders N1.39 Billion Dividend for 2019 Financial Year

Conoil Plc has approved N1.39 billion dividend payment for its shareholders for the 2019 financial year.

In a statement released by the company on Sunday, shareholders of the company would get a dividend of 200 kobo per 50 kobo ordinary share.

At the virtual 50th Annual General Meeting held on Friday in Lagos, the shareholders agreed unanimously in the commendation for the board and management for the company’s performance and consistency in the payment of dividends.

Conoil grew profit before tax by 10.4 percent to N2.83 billion in the 2019 financial year while profit for the expanded by 9.8 percent to N1.97 billion during the same period.

The oil marketer also grew total assets by 4.4 percent to N63.6 billion while interest expense declined by 26 percent to N1.1 billion during the 2019 financial year.

Addressing shareholders of the company, Mike Adenuga Jr., the Chairman, Conoil Plc, said the strong performance was in line with the promise made to shareholders regarding better execution of value-added products and services.

The chairman said the oil company has set an ambitious growth strategy, driven by broad market penetration and innovation, for the next five years.

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