Tag
OIL AND GAS STOCKS
United Capital Plc was the top gainer in the NGX for the week ending July 19, 2024, with its share price appreciating by 42.78% to close the week at N40.55.
In the context of the effect on specific sectors, the oil and gas sector still recorded growth amidst the impact of these policies as reflected in their profit before tax, share price YtD gains, and the overall performance of the sector index.
The Nigeria Exchange has recorded a remarkable bullish run since President Bola Tinubu assumed office on May 29, 2023.
The Oil and Gas Index comprises seven well-capitalized and liquid companies in oil and gas marketing namely ARDOVA, CONOIL, ETERNA, MRS, OANDO, SEPLAT and TOTAL