Newscenter Media News Investors in the Nigerian equities market lost a massive N1.2 trillion on the floor of the Nigerian Exchange Group (NGX) last week.
This followed the crash in equity capitalization front N60.2 trillion to N59.03 trillion.
The bourse recorded losses throughout the week as the All-Share Index (ASI) depreciated by 2.03% to close the week at 98,070.28 points from 97,432.02 recorded the previous week.
Despite the lull, there was still strong performances from stocks like Transnational Corporation Plc, Eunisell Interlinked Plc, John Holt Plc, REDSTAREX 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.
TRANSCORP • 45.75 ▴ 0.75 (1.67%)
The current share price of Transcorp Nigeria (TRANSCORP) is NGN 45.75. TRANSCORP closed its last trading day (Friday, November 1, 2024) at 45.75 NGN per share on the Nigerian Stock Exchange (NGX), recording a 1.7% gain over its previous closing price of 45.00 NGN. Transcorp began the year with a share price of 8.66 NGN and has since gained 428% on that price valuation, ranking it third on the NGX in terms of year-to-date performance. Shareholders can be optimistic about TRANSCORP knowing the stock has accrued an outstanding 308% over the past four-week period alone—best on NGX.
Transcorp Nigeria is the 12th most traded stock on the Nigerian Stock Exchange over the past three months (Aug 5 – Nov 1, 2024). TRANSCORP has traded a total volume of 874 million shares—in 16,658 deals—valued at NGN 11.8 billion over the period, with an average of 13.9 million traded shares per session. A volume high of 103 million was achieved on September 24th for the same period.
READ ALSO: TRANSPOWER, MCNICHOLS, DANGSUGAR, MECURE others top list of stocks to watch this week
EUNISELL • 5.62 ▴ 0.51 (9.98%)
The current share price of Eunisell Interlinked Plc (EUNISELL) is NGN 5.62. EUNISELL closed its last trading day (Friday, November 1, 2024) at 5.62 NGN per share on the Nigerian Stock Exchange (NGX), recording a 10% gain over its previous closing price of 5.11 NGN. Eunisell Interlinked began the year with a share price of 3.20 NGN and has since gained 75.6% on that price valuation, ranking it 23rd on the NGX in terms of year-to-date performance. Shareholders can be optimistic about EUNISELL knowing the stock has accrued an outstanding 94% over the past four-week period alone—second best on NGX.
Eunisell Interlinked is the 106th most traded stock on the Nigerian Stock Exchange over the past three months (Aug 5 – Nov 1, 2024). EUNISELL has traded a total volume of 5.73 million shares—in 165 deals—valued at NGN 19.4 million over the period, with an average of 90,932 traded shares per session. A volume high of 2.64 million was achieved on September 12th for the same period.
REDSTAREX • 4.47 ▴ 0.40 (9.83%)
The current share price of Red Star Express Plc (REDSTAREX) is NGN 4.47. REDSTAREX closed its last trading day (Friday, November 1, 2024) at 4.47 NGN per share on the Nigerian Stock Exchange (NGX), recording a 9.8% gain over its previous closing price of 4.07 NGN. Red Star Express began the year with a share price of 3.18 NGN and has since gained 40.6% on that price valuation, ranking it 40th on the NGX in terms of year-to-date performance. Shareholders can be optimistic about REDSTAREX knowing the stock has accrued 18% over the past four-week period—13th best on NGX.
Red Star Express is the 97th most traded stock on the Nigerian Stock Exchange over the past three months (Aug 5 – Nov 1, 2024). REDSTAREX has traded a total volume of 11.4 million shares—in 889 deals—valued at NGN 45.8 million over the period, with an average of 180,714 traded shares per session. A volume high of 674,061 was achieved on September 26th, and a low of 4,580 on October 16th, for the same period.
UNILEVER • 22.50 ▴ 1.05 (4.9%)
The current share price of Unilever Nigeria (UNILEVER) is NGN 22.50. UNILEVER closed its last trading day (Friday, October 25, 2024) at 22.50 NGN per share on the Nigerian Stock Exchange (NGX), recording a 4.9% gain over its previous closing price of 21.45 NGN. Unilever began the year with a share price of 14.80 NGN and has since gained 52% on that price valuation, ranking it 29th on the NGX in terms of year-to-date performance. Shareholders can be optimistic about UNILEVER knowing the stock has accrued 17% over the past four-week period—17th best on NGX.
Unilever Nigeria is the 70th most traded stock on the Nigerian Stock Exchange over the past three months (Jul 29 – Oct 25, 2024). UNILEVER has traded a total volume of 39.5 million shares—in 2,625 deals—valued at NGN 757 million over the period, with an average of 626,623 traded shares per session. A volume high of 3.52 million was achieved on August 8th, and a low of 38,813 on October 7th, for the same period.
By: Babajide Okeowo
The post Trancorp, Eunisell, John Holt, Redstarex, others top list of stocks to watch this week appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.