Newscenter Media News Investors in the Nigerian equities market experienced a boom this last trading week gaining N3.34 trillion on the floor of the Nigerian Xchange Group (NGX) as equity capitalisation increased from N56.08 trillion to N59.42 trillion
The bourse recorded gains in two of the five trading days of the week as the All-Share Index (ASI) appreciated by 0.48% to close the week at 98,070.28 from 97,520.54 points recorded the previous week.
The market performance was boosted by strong performance by stocks like Mecure, Lasaco, Conhall Plc, Sterling 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.
TRANSPOWER • 359.90 ▴ 29.00 (8.76%)
The current share price of Transcorp Power (TRANSPOWER) is NGN 359.90. TRANSPOWER closed its last trading day (Friday, October 18, 2024) at 359.90 NGN per share on the Nigerian Stock Exchange (NGX), recording an 8.8% gain over its previous closing price of 330.90 NGN. Transcorp Power closed its IPO day (March 4, 2024) with a share price of 264.00 NGN and has since gained 36.3% on that price valuation, ranking it 40th on the NGX in terms of year-to-date performance. Shareholders can be optimistic about TRANSPOWER knowing the stock has accrued 19% over the past four-week period—13th best on NGX.
Transcorp Power is the 67th most traded stock on the Nigerian Stock Exchange over the past three months (Jul 22 – Oct 18, 2024). TRANSPOWER has traded a total volume of 45 million shares—in 5,414 deals—valued at NGN 14.6 billion over the period, with an average of 714,633 traded shares per session. A volume high of 30.8 million was achieved on July 26th, and a low of 6,705 on August 23rd, for the same period.
DANGSUGAR • 35.05 ▾ 0.05 (0.14%)
The current share price of Dangote Sugar Refinery (DANGSUGAR) is NGN 35.05. DANGSUGAR closed its last trading day (Friday, October 18, 2024) at 35.05 NGN per share on the Nigerian Stock Exchange (NGX), recording a 0.1% drop from its previous closing price of 35.10 NGN. Dangote Sugar Refinery began the year with a share price of 57.00 NGN but has since lost 38.5% off that price valuation, ranking it 149th on the NGX in terms of year-to-date performance.
READ ALSO: Mecure, Lasaco, Conhall, Sterling others top list of stocks to watch this week
Dangote Sugar Refinery is the 40th most traded stock on the Nigerian Stock Exchange over the past three months (Jul 22 – Oct 18, 2024). DANGSUGAR has traded a total volume of 134 million shares—in 12,591 deals—valued at NGN 4.88 billion over the period, with an average of 2.12 million traded shares per session. A volume high of 6.64 million was achieved on September 20th, and a low of 606,666 on October 17th, for the same period.
MECURE • 12.00 0.00
The current share price of MeCure Industries (MECURE) is NGN 12.00. MECURE closed its last trading day (Friday, October 18, 2024) at 12.00 NGN per share on the Nigerian Stock Exchange (NGX).
MeCure Industries is the 93rd most traded stock on the Nigerian Stock Exchange over the past three months (Jul 22 – Oct 18, 2024). MECURE has traded a total volume of 12 million shares—in 906 deals—valued at NGN 118 million over the period, with an average of 190,431 traded shares per session. A volume high of 4.12 million was achieved on October 17th, and a low of 450 on September 5th, for the same period.
STERLINGNG • 4.98 ▴ 0.43 (9.45%)
The current share price of Sterling Bank (STERLINGNG) is NGN 4.98. STERLINGNG closed its last trading day (Friday, October 11, 2024) at 4.98 NGN per share on the Nigerian Stock Exchange (NGX), recording a 9.5% gain over its previous closing price of 4.55 NGN. Sterling began the year with a share price of 4.29 NGN and has since gained 16.1% on that price valuation, ranking it 66th on the NGX in terms of year-to-date performance. Shareholders can be optimistic about STERLINGNG knowing the stock has accrued 25% over the past four-week period alone—11th best on NGX.
Sterling Bank is the 17th most traded stock on the Nigerian Stock Exchange over the past three months (Jul 15 – Oct 11, 2024). STERLINGNG has traded a total volume of 564 million shares—in 6,574 deals—valued at NGN 2.43 billion over the period, with an average of 8.95 million traded shares per session. A volume high of 53.9 million was achieved on August 20th, and a low of 569,913 on July 24th, for the same period.
MCNICHOLS • 1.43 ▴ 0.13 (10%)
The current share price of McNichols Plc (MCNICHOLS) is NGN 1.43. MCNICHOLS closed its last trading day (Friday, October 18, 2024) at 1.43 NGN per share on the Nigerian Stock Exchange (NGX), recording a 10% gain over its previous closing price of 1.30 NGN. McNichols began the year with a share price of 0.84 NGN and has since gained 70.2% on that price valuation, ranking it 21st on the NGX in terms of year-to-date performance. Investors should, however, take caution of MCNICHOLS’s recent poor performance, having lost 13% of its value in the past four weeks.
McNichols is the 66th most traded stock on the Nigerian Stock Exchange over the past three months (Jul 22 – Oct 18, 2024). MCNICHOLS has traded a total volume of 49.6 million shares—in 1,355 deals—valued at NGN 69.4 million over the period, with an average of 787,368 traded shares per session. A volume high of 3.47 million was achieved on September 18th, and a low of 5,420 on August 1st, for the same period.
By: Babajide Okeowo
The post TRANSPOWER, MCNICHOLS, DANGSUGAR, MECURE others top list of stocks to watch this week appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.