Newscenter Media News Now that trading activities in 2025 are in full swing with over N402 billion profit for investors in the first two trading days of the New Year, investors are looking forward to the new week with optimism.
The Nigerian equities market recorded gains in three of the four trading sessions this week due to the New Year break and ended up with a profit of N1.25 trillion.
The market capitalization increased to N63.1 trillion from N61.9 trillion the previous week.
Similarly, the All-Share Index (ASI) appreciated by 1.42% to close the week at 103,586.33 points from 102,133.30 points recorded the previous week.
The market’s performance was driven by strong showing from stocks like Prestige Assurance Plc; Neimeth International Pharmaceuticals Plc; Sovereign Trust Insurance Plc and NCR amongst others 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.
NEIMETH • 2.76 ▴ 0.25 (9.96%)
The current share price of Neimeth International Pharma (NEIMETH) is NGN 2.76. NEIMETH closed its last trading day (Friday, January 3, 2025) at 2.76 NGN per share on the Nigerian Stock Exchange (NGX), recording a 10% gain over its previous closing price of 2.51 NGN. Neimeth International Pharma began the year with a share price of 2.29 NGN and has since gained 20.5% on that price valuation, ranking it 11th on the NGX in terms of year-to-date performance. Shareholders can be optimistic about NEIMETH knowing the stock has accrued 27% over the past four-week period alone—47th best on NGX.
Neimeth International Pharma is the 67th most traded stock on the Nigerian Stock Exchange over the past three months (Oct 4, 2024 – Jan 3, 2025). NEIMETH has traded a total volume of 59.3 million shares—in 1,962 deals—valued at NGN 122 million over the period, with an average of 940,686 traded shares per session. A volume high of 7.28 million was achieved on October 4th, and a low of 62,425 on December 12th, for the same period.
PRESTIGE • 1.46 ▴ 0.13 (9.77%)
The current share price of Prestige Assurance Company (PRESTIGE) is NGN 1.46. PRESTIGE closed its last trading day (Friday, January 3, 2025) at 1.46 NGN per share on the Nigerian Stock Exchange (NGX), recording a 9.8% gain over its previous closing price of 1.33 NGN. Prestige began the year with a share price of 1.21 NGN and has since gained 20.7% on that price valuation, ranking it eighth on the NGX in terms of year-to-date performance. Shareholders can be optimistic about PRESTIGE knowing the stock has accrued an outstanding 90% over the past four-week period alone—ninth best on NGX.
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Prestige Assurance Company is the 23rd most traded stock on the Nigerian Stock Exchange over the past three months (Oct 4, 2024 – Jan 3, 2025). PRESTIGE has traded a total volume of 486 million shares—in 2,858 deals—valued at NGN 401 million over the period, with an average of 7.71 million traded shares per session. A volume high of 32.8 million was achieved on November 25th, and a low of 235,194 on October 29th, for the same period.
SOVRENINS • 1.35 ▴ 0.12 (9.76%)
The current share price of Sovereign Trust Insurance (SOVRENINS) is NGN 1.35. SOVRENINS closed its last trading day (Friday, January 3, 2025) at 1.35 NGN per share on the Nigerian Stock Exchange (NGX), recording a 9.8% gain over its previous closing price of 1.23 NGN. Sovereign Trust began the year with a share price of 1.12 NGN and has since gained 20.5% on that price valuation, ranking it 10th on the NGX in terms of year-to-date performance. Shareholders can be optimistic about SOVRENINS knowing the stock has accrued an outstanding 88% over the past four-week period alone—10th best on NGX.
Sovereign Trust Insurance is the 42nd most traded stock on the Nigerian Stock Exchange over the past three months (Oct 4, 2024 – Jan 3, 2025). SOVRENINS has traded a total volume of 175 million shares—in 1,678 deals—valued at NGN 130 million over the period, with an average of 2.78 million traded shares per session. A volume high of 59.4 million was achieved on November 4th, and a low of 71,608 on October 24th, for the same period.
NCR • 6.05 ▴ 0.55 (10%)
The current share price of NCR Nigeria (NCR) is NGN 6.05. NCR closed its last trading day (Friday, January 3, 2025) at 6.05 NGN per share on the Nigerian Stock Exchange (NGX), recording a 10% gain over its previous closing price of 5.50 NGN. NCR began the year with a share price of 5.00 NGN and has since gained 21% on that price valuation, ranking it first on the NGX in terms of year-to-date performance. Shareholders can be optimistic about NCR knowing the stock has accrued 42% over the past four-week period alone—25th best on NGX.
NCR Nigeria is the 114th most traded stock on the Nigerian Stock Exchange over the past three months (Oct 4, 2024 – Jan 3, 2025). NCR has traded a total volume of 2.92 million shares—in 187 deals—valued at NGN 14.3 million over the period, with an average of 46,347 traded shares per session. A volume high of 407,106 was achieved on December 30th for the same period.
By: Babajide Okeowo
The post Prestige, Neimeth, Sovereign Trust, NCR top list of stocks to watch this week appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.