Newscenter Media News The Nigerian equities market sustained the bullish trend recorded the previous week as investors gained N1.064 trillion on the trading floor of the Nigerian Exchange Group (NGX) last week.
The bourse recorded gains in three of the five trading days as market capitalization increased to N64.7 trillion from N63.6 trillion recorded the previous week.
Similarly, All-Share Index (ASI) appreciated by 0.87% to close the week at 104,496.12 points from the 103,598.30 points recorded the previous week.
The market performance was buoyed by strong showings from stocks like CHELLARAM, BETAGLASS, NORTHERN NIGERIA FLOUR MILLS (NNFM), VITAFOAM amongst others to position themselves as 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.
VITAFOAM • 31.95 ▴ 2.90 (9.98%)
The current share price of Vitafoam Nigeria (VITAFOAM) is NGN 31.95. VITAFOAM closed its last trading day (Friday, January 31, 2025) at 31.95 NGN per share on the Nigerian Stock Exchange (NGX), recording a 10% gain over its previous closing price of 29.05 NGN. Vitafoam began the year with a share price of 23.00 NGN and has since gained 38.9% on that price valuation, ranking it seventh on the NGX in year-to-date performance. Shareholders can be optimistic about VITAFOAM knowing the stock has accrued 31% over the past four-week period alone—fourth best on NGX.
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Vitafoam Nigeria is the 66th most traded stock on the Nigerian Stock Exchange over the past three months (Nov 1, 2024 – Jan 31, 2025). VITAFOAM has traded a total volume of 72.5 million shares—in 3,041 deals—valued at NGN 1.75 billion over the period, with an average of 1.15 million traded shares per session. A volume high of 7.26 million was achieved on January 30th, and a low of 16,216 on November 15th, for the same period.
CHELLARAM • 6.53 ▴ 0.59 (9.93%)
The current share price of Chellarams Plc (CHELLARAM) is NGN 6.53. CHELLARAM closed its last trading day (Friday, January 31, 2025) at 6.53 NGN per share on the Nigerian Stock Exchange (NGX), recording a 9.9% gain over its previous closing price of 5.94 NGN. Chellarams began the year with a share price of 3.70 NGN and has since gained 76.5% on that price valuation, ranking it second on the NGX in terms of year-to-date performance.
Chellarams is the 115th most traded stock on the Nigerian Stock Exchange over the past three months (Nov 1, 2024 – Jan 31, 2025). CHELLARAM has traded a total volume of 3.64 million shares—in 196 deals—valued at NGN 20.3 million over the period, with an average of 57,763 traded shares per session. A volume high of 1.3 million was achieved on January 31st for the same period.
NNFM • 60.60 ▴ 5.50 (9.98%)
The current share price of Northern Nigeria Flour Mills (NNFM) is NGN 60.60. NNFM closed its last trading day (Friday, January 31, 2025) at 60.60 NGN per share on the Nigerian Stock Exchange (NGX), recording a 10% gain over its previous closing price of 55.10 NGN. Northern Nigeria Flour Mills began the year with a share price of 43.90 NGN and has since gained 38% on that price valuation, ranking it eighth on the NGX in terms of year-to-date performance. Shareholders can be optimistic about NNFM knowing the stock has accrued 29% over the past four-week period alone—fifth best on NGX.
Northern Nigeria Flour Mills is the 102nd most traded stock on the Nigerian Stock Exchange over the past three months (Nov 1, 2024 – Jan 31, 2025). NNFM has traded a total volume of 14 million shares—in 1,850 deals—valued at NGN 595 million over the period, with an average of 222,213 traded shares per session. A volume high of 2.2 million was achieved on November 20th, and a low of 4,807 on November 14th, for the same period.
BETAGLAS • 71.50 ▴ 6.50 (10%)
The current share price of Beta Glass Company (BETAGLAS) is NGN 71.50. BETAGLAS closed its last trading day (Friday, January 31, 2025) at 71.50 NGN per share on the Nigerian Stock Exchange (NGX), recording a 10% gain over its previous closing price of 65.00 NGN. Beta Glass began the year with a share price of 64.90 NGN and has since gained 10.2% on that price valuation, ranking it 49th on the NGX in year-to-date performance.
Beta Glass Company is the 78th most traded stock on the Nigerian Stock Exchange over the past three months (Nov 1, 2024 – Jan 31, 2025). BETAGLAS has traded a total volume of 37.4 million shares—in 1,404 deals—valued at NGN 2.06 billion over the period, with an average of 594,246 traded shares per session. A volume high of 7.82 million was achieved on January 13th, and a low of 562 on January 22nd, for the same period.
By: Babajide Okeowo
The post CHELLARAM, BETAGLASS, NNFM, VITAFOAM, others top stocks to watch this week appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.