Juli Plc Sees Highest Return in Equities Market in 2024
It was all the way to the moon for Juli Plc, a Nigerian small cap listed stocks that changed its market narrative with highest return in 2024. Leading the top performers chart, Juli Plc gained 1645.76% over 12 months, according to details obtained from the Nigerian Exchange.
The food and drug companies experienced largest weigh gain due to strong investors positioning, from quite cheap amount to be selling at its all-time high. At the current quoted price of N10.30 in the equities market, Juli Plc is trading at a 52-week high following aggressive mopping by value hunters in the local bourse.
Transaction details for the year showed that the company attracted significant investors’ interest that pumped its market price from 59 kobo to N10.90 in one year. Data from the Nigerian Exchange showed that the food and drug retailer’s 199.905 million shares were valued at N2.059 billion at the close of trading session in 2024.
MarketForces Africa reported that Wema Bank is a major investor in Juli Pharmacy, controlling 30% of the company’s shareholding. Also, 28.63% of Juli Plc shares outstanding are owned by Prince Julius Adelusi-Adeluyi, OFR, mni, and 8.53% are held by Midas Investment & Property Limited.
It is currently trading through an alternative securities market, meaning that Juli Pharmacy has strong growth potential and could be moved to the NGX growth board based on performance.
Juli Pharmacy’s valuation has surpassed N2 billion following its most recent market price re-rating, with approximately 200 million shares outstanding. #Top Performer: Juli Plc Sees Highest Return in Equities Market in 2024 2025 Budget: N13trn Deficit to be Financed Through Borrowing – Edun
