Newscenter Media News The Nigerian equities market maintained its bullish run in a holiday-shortened week with a profit of N609.27 billion for investors at the close of business in the capital market.
The bourse recorded gains in two of the three trading sessions last week due to the Christmas holidays declared by the Federal Government.
The All-Share Index (ASI) appreciated by 0.99% to close the week at 102,133.30 points from 101,129.09 points recorded the previous week.
Similarly, the market capitalization rose to N61.9 trillion from N61.3 trillion posted the previous week.
The performance was buoyed by strong showing from stocks like Ikeja Hotel Plc, Multiverse, PZ Cussons Nigeria Plc and others to lay claims to the title of 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.
IKEJA HOTEL • 12.15 ▴ 1.10 (9.95%)
The current share price of Ikeja Hotel Plc (IKEJA HOTEL) is NGN 12.15. IKEJA HOTEL closed its last trading day (Friday, December 27, 2024) at 12.15 NGN per share on the Nigerian Stock Exchange (NGX), recording a 10% gain over its previous closing price of 11.05 NGN. Ikeja Hotel began the year with a share price of 6.00 NGN and has since gained 103% on that price valuation, ranking it 33rd on the NGX in terms of year-to-date performance. Shareholders can be optimistic about IKEJAHOTEL knowing the stock has accrued an outstanding 52% over the past four-week period alone—eighth best on NGX.
Ikeja Hotel is the 78th most traded stock on the Nigerian Stock Exchange over the past three months (Sep 27 – Dec 27, 2024). IKEJA HOTEL has traded a total volume of 34.4 million shares—in 1,945 deals—valued at NGN 285 million over the period, with an average of 546,024 traded shares per session. A volume high of 5.19 million was achieved on November 12th, and a low of 2,561 on December 11th, for the same period.
MULTIVERSE • 6.10 ▴ 0.55 (9.91%)
The current share price of Multiverse Mining & Exploration (MULTIVERSE) is NGN 6.10. MULTIVERSE closed its last trading day (Friday, December 27, 2024) at 6.10 NGN per share on the Nigerian Stock Exchange (NGX), recording a 9.9% gain over its previous closing price of 5.55 NGN. Multiverse Mining & Exploration began the year with a share price of 18.57 NGN but has since lost 67.2% off that price valuation, ranking it 152nd on the NGX in year-to-date performance.
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Multiverse Mining & Exploration is the 91st most traded stock on the Nigerian Stock Exchange over the past three months (Sep 27 – Dec 27, 2024). MULTIVERSE has traded a total volume of 16.9 million shares—in 1,326 deals—valued at NGN 110 million over the period, with an average of 268,907 traded shares per session. A volume high of 1.5 million was achieved on October 4th, and a low of 946 on October 17th, for the same period.
PZ • 29.00 ▴ 2.50 (9.43%)
The current share price of PZ Cussons Nigeria (PZ) is NGN 29.00. PZ closed its last trading day (Friday, December 27, 2024) at 29.00 NGN per share on the Nigerian Stock Exchange (NGX), recording a 9.4% gain over its previous closing price of 26.50 NGN. PZ Cussons began the year with a share price of 26.70 NGN and has since gained 8.61% on that price valuation, ranking it 93rd on the NGX in terms of year-to-date performance. Shareholders can be optimistic about PZ knowing the stock has accrued 32% over the past four-week period alone—18th best on NGX.
PZ Cussons Nigeria is the 73rd most traded stock on the Nigerian Stock Exchange over the past three months (Sep 27 – Dec 27, 2024). PZ has traded a total volume of 45.6 million shares—in 2,200 deals—valued at NGN 1.02 billion over the period, with an average of 724,023 traded shares per session. A volume high of 9.39 million was achieved on December 4th, and a low of 7,643 on November 13th, for the same period.
UPL • 3.85 ▴ 0.35 (10%)
The current share price of University Press (UPL) is NGN 3.85. UPL closed its last trading day (Friday, December 27, 2024) at 3.85 NGN per share on the Nigerian Stock Exchange (NGX), recording a 10% gain over its previous closing price of 3.50 NGN. University Press began the year with a share price of 2.40 NGN and has since gained 60.4% on that price valuation, ranking it 50th on the NGX in terms of year-to-date performance. Shareholders can be optimistic about UPL knowing the stock has accrued 7% over the past four-week period—65th best on NGX.
University Press is the 80th most traded stock on the Nigerian Stock Exchange over the past three months (Sep 27 – Dec 27, 2024). UPL has traded a total volume of 32.9 million shares—in 1,228 deals—valued at NGN 106 million over the period, with an average of 522,485 traded shares per session. A volume high of 4.48 million was achieved on October 21st, and a low of 23 on October 15th, for the same period.
By: Babajide Okeowo
The post Ikeja Hotel, Multiverse, PZ, others top list of stocks to watch this week appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.