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Though it could sometimes lag behind, people who invest in stock in Nigeria knows consumer stocks to be stable. When it lags, and consumer stock falls, investors change their focus possibly to corporate earnings.
Last May, however, a bullish trend was observed in the Nigerian stock and investors are going all out to make a profit and recover losses. The idea of finding adding great stock to one’s portfolio can also usually draw more investors.
Consumer Goods Stocks in Nigeria To Invest In
These consumer goods stocks in Nigeria all provide diverse levels of dividend returns to people who invest in them. It is, therefore, necessary to look carefully to find the best consumer good stocks.
Nestle
- Market Cap – N788.69 billion
Nestles remains in a long-term uptrend, from N920.2 per unit in April to N995 in May. It’s not very fascinating and there is often been some inconsistencies. But according to analysts, Nestle is perfect for long term investors.
Nestle gains its major demographics as a trademark and this has proven to be effective in consumer goods companies. Its products range from frozen foods to confectionery, dairy products and beverages which are fast engrossing.
Dangote Sugar
- Market Cap – N154.8 billion
Dangote sugar will not be easy to cripple as almost every shelf in local supermarkets in Nigeria would most often have Dangote sugar. The product earned a profit of N12.90 per unit in May that was 3.6% better than N12.45 in April. Though it seems little, investors with a long-term view can see value in that.
Nigerian Brewery
- Market Cap – N346.26 billion
NBA is a readily recognizable brand. Investors know them with several beverages such as Heineken beer, Gulder, Maltina, Star, Legend Extra Stout, Fayrouz etc. They are almost untouchable by market volatility.
With a dividend yield of about 4.50%, investors can earn income at any point in the market even if its share prices grow very little.
The proof that the consumption of NBA beverages yields large profit is in the numbers. The company stock did great in May when it closed at N43.30 per unit from N30.00 per unit in April.
Cadbury Nigeria
Market Cap – N14.08 billion
Cadbury Nigeria is one of the companies behind chocolate, dairy, beverages and confectionery production in Nigeria and a big brand. These items will always sell and such companies never stop growing. They are therefore among the favourite stocks to invest in.
Cadbury remains conscious of its future customers and is constantly updating to suit millennials needs. Stocks are often positive and the last was 15.3%.
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