Newscenter Media News Airtel Africa, WAPCO, Dangote Sugar and PRESCO topped the list of stocks to watch this week as investors battle to recover from a bruising trading session last week.
The Nigerian Equities Market dipped in four of the five trading sessions as the benchmark All-Share Index (ASI) crashed by –0.35% to close at 99,671.28 points from 100,022.03 points the previous week.
Investors lost N139.8 billion as market capitalisation fell to N56.4 trillion from N56.5 trillion the previous week triggered by losses from stocks like SEPLAT, GTCO, UBA, and TRANSCORP.
However, strong performances by stocks like Airtel Africa, WAPCO and Dangote Sugar which gained 0.14%, 0.83% and 2.72% in share prices respectively boosted the equities market and made them stocks to watch in the new week.
Kindly note that Ripples Nigeria Stocks To Watch is not a buy, sell or hold recommendation. It is advisable to consult your financial advisor before making any investment decision.
Airtel Africa• 2,100.00 0.00
The current share price of Airtel Africa Plc (AIRTELAFRI) is NGN 2,100.00. AIRTELAFRI closed its last trading day (Friday, July 12, 2024) at 2,100.00 NGN per share on the Nigerian Stock Exchange (NGX). Airtel Africa began the year with a share price of 1,887.00 NGN and has since gained 11.3% on that price valuation, ranking it 56th on the NGX in terms of year-to-date performance.
Airtel Africa is the 100th most traded stock on the Nigerian Stock Exchange over the past three months (Apr 8 – Jul 12, 2024). AIRTELAFRI has traded a total volume of 5.44 million shares—in 1,506 deals—valued at NGN 11.5 billion over the period, with an average of 86,336 traded shares per session. A volume high of 1.98 million was achieved on May 17th, and a low of 63 on April 17th, for the same period.
Dangote Sugar • 41.60 0.00
The current share price of Dangote Sugar Refinery (DANGSUGAR) is NGN 41.60. DANGSUGAR closed its last trading day (Friday, July 12, 2024) at 41.60 NGN per share on the Nigerian Stock Exchange (NGX). Dangote Sugar Refinery began the year with a share price of 57.00 NGN but has since lost 27% off that price valuation, ranking it 149th on the NGX in terms of year-to-date performance. Shareholders’ worries are compounded by the fact that DANGSUGAR has lost 11% of the stock’s value from June 11th to date.
READ ALSO:Conoil, Oando, GTCO, Zenith Bank top list of stocks to watch this week
Dangote Sugar Refinery is the 38th most traded stock on the Nigerian Stock Exchange over the past three months (Apr 8 – Jul 12, 2024). DANGSUGAR has traded a total volume of 107 million shares—in 12,682 deals—valued at NGN 4.65 billion over the period, with an average of 1.7 million traded shares per session. A volume high of 17.7 million was achieved on April 30th, and a low of 77,979 on April 23rd, for the same period.
PRESCO • 369.00 ▴ 14.80 (4.18%)
The current share price of Presco Plc (PRESCO) is NGN 369.00. PRESCO closed its last trading day (Friday, July 12, 2024) at 369.00 NGN per share on the Nigerian Stock Exchange (NGX), recording a 4.2% gain over its previous closing price of 354.20 NGN. Presco began the year with a share price of 193.00 NGN and has since gained 91.2% on that price valuation, ranking it ninth on the NGX in terms of year-to-date performance. Shareholders can be optimistic about PRESCO knowing the stock has accrued 14% over the past four-week period—21st best on NGX.
Presco is the 79th most traded stock on the Nigerian Stock Exchange over the past three months (Apr 8 – Jul 12, 2024). PRESCO has traded a total volume of 20.9 million shares—in 5,141 deals—valued at NGN 6.08 billion over the period, with an average of 331,370 traded shares per session. A volume high of 3.09 million was achieved on May 6th, and a low of 574 on April 19th, for the same period.
WAPCO • 36.30 ▾ 0.60 (1.63%)
The current share price of Lafarge Wapco (WAPCO) is NGN 36.30. WAPCO closed its last trading day (Friday, July 12, 2024) at 36.30 NGN per share on the Nigerian Stock Exchange (NGX), recording a 1.6% drop from its previous closing price of 36.90 NGN. Lafarge Wapco began the year with a share price of 31.50 NGN and has since gained 15.2% on that price valuation, ranking it 47th on the NGX in terms of year-to-date performance. Shareholders can be optimistic about WAPCO knowing the stock has accrued 10% over the past four-week period—33rd best on NGX.
Lafarge Wapco is the 39th most traded stock on the Nigerian Stock Exchange over the past three months (Apr 8 – Jul 12, 2024). WAPCO has traded a total volume of 107 million shares—in 6,605 deals—valued at NGN 3.71 billion over the period, with an average of 1.7 million traded shares per session. A volume high of 10 million was achieved on April 23rd, and a low of 185,830 on May 15th, for the same period.
By: Babajide Okeowo
The post Airtel Africa, WAPCO, Dangote Sugar top list of stocks to watch this week appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.