Newscenter Media News Investors in the Nigerian equities market smiled home last week following a strong showing on the floor of the Nigerian Exchange Group (NGX) by stocks like Caverton, RT Briscoe, UPDC, and First Bank Holdings (FBNH) amongst others.
The bourse recorded gains in three of the five trading days last week while market capitalisation surged by N607.5 billion to N56 trillion from N55.4 trillion the previous week.
Similarly, the All-Share Index (ASI) surged by 1.06% to close the week at 97,456.62 points from 96,433.53 points the previous week
The market performance received a boost following a sharp increase in share prices of stocks like Caverton, RT Briscoe, UPDC, First Bank Holdings, and others making 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.
CAVERTON • 2.54 ▴ 0.23 (9.96%)
The current share price of Caverton Offshore Support Group (CAVERTON) is NGN 2.54. CAVERTON closed its last trading day (Friday, September 13, 2024) at 2.54 NGN per share on the Nigerian Stock Exchange (NGX), recording a 10% gain over its previous closing price of 2.31 NGN. Caverton Offshore Support began the year with a share price of 1.79 NGN and has since gained 41.9% on that price valuation, ranking it 33rd on the NGX in terms of year-to-date performance. Shareholders can be optimistic about CAVERTON knowing the stock has accrued an outstanding 80% over the past four-week period alone—fifth best on NGX.
Caverton Offshore Support Group is the 46th most traded stock on the Nigerian Stock Exchange over the past three months (Jun 19 – Sep 13, 2024). CAVERTON has traded a total volume of 112 million shares—in 2,499 deals—valued at NGN 191 million over the period, with an average of 1.78 million traded shares per session. A volume high of 23.7 million was achieved on September 12th, and a low of 56,507 on July 26th, for the same period.
RTBRISCOE • 3.65 ▴ 0.33 (9.94%)
The current share price of RT Briscoe (RTBRISCOE) is NGN 3.65. RTBRISCOE closed its last trading day (Friday, September 13, 2024) at 3.65 NGN per share on the Nigerian Stock Exchange (NGX), recording a 9.9% gain over its previous closing price of 3.32 NGN. RT Briscoe began the year with a share price of 0.61 NGN and has since gained 498% on that price valuation, ranking it third on the NGX in terms of year-to-date performance. Shareholders can be optimistic about RTBRISCOE knowing the stock has accrued an outstanding 115% over the past four-week period alone—third best on NGX.
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RT Briscoe is the 25th most traded stock on the Nigerian Stock Exchange over the past three months (Jun 19 – Sep 13, 2024). RTBRISCOE has traded a total volume of 244 million shares—in 4,014 deals—valued at NGN 555 million over the period, with an average of 3.87 million traded shares per session. A volume high of 22.1 million was achieved on September 11th, and a low of 108,202 on July 23rd, for the same period.
UPDC • 1.78 ▴ 0.16 (9.88%)
The current share price of UPDC Plc (UPDC) is NGN 1.78. UPDC closed its last trading day (Friday, September 13, 2024) at 1.78 NGN per share on the Nigerian Stock Exchange (NGX), recording a 9.9% gain over its previous closing price of 1.62 NGN. UPDC began the year with a share price of 1.28 NGN and has since gained 39.1% on that price valuation, ranking it 37th on the NGX in terms of year-to-date performance.
UPDC is the 57th most traded stock on the Nigerian Stock Exchange over the past three months (Jun 19 – Sep 13, 2024). UPDC has traded a total volume of 71.3 million shares—in 1,814 deals—valued at NGN 94.4 million over the period, with an average of 1.13 million traded shares per session. A volume high of 11.6 million was achieved on September 10th, and a low of 20,520 on June 28th, for the same period.
FBNH • 29.00 ▴ 2.60 (9.85%)
The current share price of FBN Holdings Plc (FBNH) is NGN 29.00. FBNH closed its last trading day (Friday, September 13, 2024) at 29.00 NGN per share on the Nigerian Stock Exchange (NGX), recording a 9.8% gain over its previous closing price of 26.40 NGN. FBN began the year with a share price of 23.55 NGN and has since gained 23.1% on that price valuation, ranking it 49th on the NGX in terms of year-to-date performance. Shareholders can be optimistic about FBNH knowing the stock has accrued 38% over the past four-week period alone—15th best on NGX.
FBN Holdings is the second most traded stock on the Nigerian Stock Exchange over the past three months (Jun 19 – Sep 13, 2024). FBNH has traded a total volume of 2.33 billion shares—in 17,522 deals—valued at NGN 51.2 billion over the period, with an average of 36.9 million traded shares per session. A volume high of 871 million was achieved on June 20th, and a low of 1.41 million on August 1st, for the same period.
By: Babajide Okeowo
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