{"id":133255,"date":"2026-03-23T22:30:30","date_gmt":"2026-03-24T01:30:30","guid":{"rendered":"https:\/\/tech.einnews.com\/article\/901341368"},"modified":"2026-03-23T22:30:30","modified_gmt":"2026-03-24T01:30:30","slug":"penny-tech-stocks-are-outperforming-telcos-on-ngx-2026","status":"publish","type":"post","link":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/2026\/03\/23\/penny-tech-stocks-are-outperforming-telcos-on-ngx-2026\/","title":{"rendered":"Penny Tech Stocks are Outperforming Telcos on NGX 2026"},"content":{"rendered":"<p><strong>Tier-one stocks on the Nigerian Exchange (NGX) usually grab investor attention, but 2026 is turning out differently.<\/strong><\/p>\n<p>So far this year, lower-priced technology equities are delivering stronger returns than some of the market\u2019s biggest and most established companies.<\/p>\n<p>Across the tech and telecom sector, investors are tilting toward penny and mid-tier stocks, drawn by their potential for high percentage profits and price appreciation.<\/p>\n<h3><strong>Top Performing NGX Tech Stocks<\/strong><\/h3>\n<p>A closer look at the sector highlights the top-performing penny stocks, mid-tier stocks and large-capitalised tech stocks listed on the NGX.<\/p>\n<p><strong>Penny Stocks <\/strong><\/p>\n<ul>\n<li><strong>NCR Nigeria<\/strong> has been the best-performing NGX tech stock so far this year. An investment at the start of January would have returned about 174%, with the share price climbing from N72.70 to N199. This rally has lifted its market value to N21.5 billion.<\/li>\n<li><strong>Omatek Ventures<\/strong> is also seeing strong demand, having delivered a 108% return, rising from N1.13 to N2.53 as investors increase demand in anticipation of further upside.<\/li>\n<\/ul>\n<p><strong>Mid-Tier Stocks<\/strong><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 3.0.1 --> <!-- WP QUADS Content Ad Plugin v. 3.0.1 --> <\/p>\n<p>Some of the mid-priced tech stocks have also performed comparatively well.<\/p>\n<ul>\n<li><strong>eTranzact International:<\/strong> This payment giant has seen its share price rise by 59.5%, moving from N11.35 to N18.10. With more Nigerians adopting digital transfers as a mode of making payment, investors are betting big on eTranzact\u2019s N167 billion platform.<\/li>\n<li><strong>CWG &amp; Chams:<\/strong> These mid-tier players are also in the green. CWG is up 21.1% at N21.80, while Chams Plc has recorded a steady 2.56% gain to close at N4.10.<\/li>\n<\/ul>\n<p><strong>Large-Cap Stocks<\/strong><\/p>\n<p>In contrast, the top-tier large-cap tech stocks are moving much more slowly.<\/p>\n<ul>\n<li><strong>MTN Nigeria:<\/strong> The communication giant gained7% to reach N760, with a market value of N16 trillion.<\/li>\n<li><strong>Airtel Africa:<\/strong> Currently the most expensive tech stock on the NGX at about N2,270, Airtel has remained flat this year.<\/li>\n<\/ul>\n<h3>Why the Shift is Happening<\/h3>\n<p>Market analysts believe two things are driving this trend:<\/p>\n<ul>\n<li><strong>Accessibility:<\/strong> Many young and retail investors find it easier to buy thousands of units of a N2 stock like Omatek than to buy just one share of Airtel at N2,270.<\/li>\n<li><strong>Percentage Power:<\/strong> It is much easier for a N1 stock to move to N2 (100% gain) than it is for a N700 stock to move to N1,400.<\/li>\n<\/ul>\n<p>While telecom giants like MTN and Airtel Africa provide stability for the market, smaller tech stocks are currently providing higher year-to-date returns.<\/p>\n<p>With confidence in Nigeria\u2019s digital economy at an all-time high, and demand for data, payments and software services still growing, interest in tech equities, particularly in the lower price bracket, shows no sign of easing.<\/p>\n<p> <!-- WP QUADS Content Ad Plugin v. 3.0.1 --> <\/p>\n<p><strong><a href=\"https:\/\/blockads.fivefilters.org\"> <\/a><\/strong> <a href=\"https:\/\/blockads.fivefilters.org\/acceptable.html\"> <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8230; this year, lower-priced <span class=\"match\">technology<\/span> equities are delivering stronger &#8230; Some of the mid-priced <span class=\"match\">tech<\/span> stocks have also performed &#8230; stability for the market, smaller <span class=\"match\">tech<\/span> stocks are currently providing &#8230; still growing, interest in <span class=\"match\">tech<\/span> equities, particularly in the &#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-133255","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/133255","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/comments?post=133255"}],"version-history":[{"count":0,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/133255\/revisions"}],"wp:attachment":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/media?parent=133255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/categories?post=133255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/tags?post=133255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}