Newscenter Media News The Nigerian equities market endured a week to forget losing a massive N1.45 trillion following a dip in the share prices of some listed stocks.
The bourse recorded losses in three of the five trading sessions last week as the market capitalization crashed to N62.8 trillion from N64.3 trillion the previous week.
Similarly, the All-Share Index (ASI) depreciated by 2.94% to close the week at 102,353.68 points from 105,451.06 points recorded the previous week.
Despite the poor showing of the bourse, several stocks like Neimeth, SCOA, NNFM, Livestock amongst others still posted strong showings on the trading floor positioning them 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.
LIVESTOCK • 5.94 ▴ 0.54 (10%)
The current share price of Livestock Feeds (LIVESTOCK) is NGN 5.94. LIVESTOCK closed its last trading day (Friday, January 17, 2025) at 5.94 NGN per share on the Nigerian Stock Exchange (NGX), recording a 10% gain over its previous closing price of 5.40 NGN. Livestock Feeds began the year with a share price of 4.12 NGN and has since gained 44.2% on that price valuation, ranking it sixth on the NGX in terms of year-to-date performance. Shareholders can be optimistic about LIVESTOCK knowing the stock has accrued an outstanding 75% over the past four-week period alone—third best on NGX.
READ ALSO: Prestige, Neimeth, Sovereign Trust, NCR top list of stocks to watch this week
Livestock Feeds is the 39th most traded stock on the Nigerian Stock Exchange over the past three months (Oct 18, 2024 – Jan 17, 2025). LIVESTOCK has traded a total volume of 222 million shares—in 5,917 deals—valued at NGN 979 million over the period, with an average of 3.52 million traded shares per session. A volume high of 16.8 million was achieved on January 15th, and a low of 510,588 on November 15th, for the same period.
NEIMETH • 3.43 ▴ 0.31 (9.94%)
The current share price of Neimeth International Pharma (NEIMETH) is NGN 3.43. NEIMETH closed its last trading day (Friday, January 17, 2025) at 3.43 NGN per share on the Nigerian Stock Exchange (NGX), recording a 9.9% gain over its previous closing price of 3.12 NGN. Neimeth International Pharma began the year with a share price of 2.29 NGN and has since gained 49.8% on that price valuation, ranking it third on the NGX in terms of year-to-date performance. Shareholders can be optimistic about NEIMETH knowing the stock has accrued an outstanding 67% over the past four-week period alone—fifth best on NGX.
Neimeth International Pharma is the 63rd most traded stock on the Nigerian Stock Exchange over the past three months (Oct 18, 2024 – Jan 17, 2025). NEIMETH has traded a total volume of 71.3 million shares—in 2,437 deals—valued at NGN 173 million over the period, with an average of 1.13 million traded shares per session. A volume high of 4.95 million was achieved on January 16th, and a low of 62,425 on December 12th, for the same period.
NNFM • 54.45 0.00
The current share price of Northern Nigeria Flour Mills (NNFM) is NGN 54.45. NNFM closed its last trading day (Friday, January 17, 2025) at 54.45 NGN per share on the Nigerian Stock Exchange (NGX). Northern Nigeria Flour Mills began the year with a share price of 43.90 NGN and has since gained 24% on that price valuation, ranking it 11th on the NGX in terms of year-to-date performance. Shareholders can be optimistic about NNFM knowing the stock has accrued 36% over the past four-week period alone—24th best on NGX.
Northern Nigeria Flour Mills is the 101st most traded stock on the Nigerian Stock Exchange over the past three months (Oct 18, 2024 – Jan 17, 2025). NNFM has traded a total volume of 14.2 million shares—in 1,807 deals—valued at NGN 571 million over the period, with an average of 224,916 traded shares per session. A volume high of 2.2 million was achieved on November 20th, and a low of 4,311 on October 18th, for the same period.
SCOA • 2.48 ▴ 0.22 (9.73%)
The current share price of SCOA Nigeria (SCOA) is NGN 2.48. SCOA closed its last trading day (Friday, January 17, 2025) at 2.48 NGN per share on the Nigerian Stock Exchange (NGX), recording a 9.7% gain over its previous closing price of 2.26 NGN. SCOA began the year with a share price of 2.06 NGN and has since gained 20.4% on that price valuation, ranking it 14th on the NGX in terms of year-to-date performance.
SCOA Nigeria is the 114th most traded stock on the Nigerian Stock Exchange over the past three months (Oct 18, 2024 – Jan 17, 2025). SCOA has traded a total volume of 3.64 million shares—in 180 deals—valued at NGN 8.01 million over the period, with an average of 57,726 traded shares per session. A volume high of 2.34 million was achieved on January 14th for the same period.
By: Babajide Okeowo
The post Neimeth, SCOA, NNFM, Livestock, others top stocks to watch this week appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.