Investors in the Nigerian equities market gained N49.5 billion at the close of trading last week.
This followed the growth in the equity capitalisation to N56.08 from N56.03 trillion recorded the previous week.
The bourse recorded gains in two of the five trading days during the period.
Similarly, the All-Share Index (ASI) appreciated by 0.09% to close the week at 97,606.63 from 97,520.54 points 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.
LASACO • 2.70 ▴ 0.14 (5.47%)
The current share price of Lasaco Assurance (LASACO) is NGN 2.70. LASACO closed its last trading day (Friday, October 11, 2024) at 2.70 NGN per share on the Nigerian Stock Exchange (NGX), recording a 5.5% gain over its previous closing price of 2.56 NGN. Lasaco began the year with a share price of 1.90 NGN and has since gained 42.1% on that price valuation, ranking it 36th on the NGX in terms of year-to-date performance. Shareholders can be optimistic about LASACO knowing the stock has accrued 17% over the past four-week period—16th best on NGX.
Lasaco Assurance is the 73rd most traded stock on the Nigerian Stock Exchange over the past three months (Jul 15 – Oct 11, 2024). LASACO has traded a total volume of 31.4 million shares—in 312 deals—valued at NGN 83.7 million over the period, with an average of 498,423 traded shares per session. A volume high of 22.1 million was achieved on October 10th for the same period.
MECURE • 10.10 ▴ 0.85 (9.19%)
The current share price of MeCure Industries (MECURE) is NGN 10.10. MECURE closed its last trading day (Friday, October 11, 2024) at 10.10 NGN per share on the Nigerian Stock Exchange (NGX), recording a 9.2% gain over its previous closing price of 9.25 NGN. MeCure Industries began the year with a share price of 12.00 NGN but has since lost 15.8% off that price valuation, ranking it 132nd on the NGX in terms of year-to-date performance. Shareholders’ fears may be allayed by the 8% increase of MECURE share price since September 11th, which is the 37th best on NGX.
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MeCure Industries is the 98th most traded stock on the Nigerian Stock Exchange over the past three months (Jul 15 – Oct 11, 2024). MECURE has traded a total volume of 7.57 million shares—in 873 deals—valued at NGN 64.7 million over the period, with an average of 120,141 traded shares per session. A volume high of 1.64 million was achieved on August 7th, and a low of 450 on September 5th, for the same period.
CONHALLPLC • 1.39 ▴ 0.12 (9.45%)
The current share price of Consolidated Hallmark Holdings (CONHALLPLC) is NGN 1.39. CONHALLPLC closed its last trading day (Friday, October 11, 2024) at 1.39 NGN per share on the Nigerian Stock Exchange (NGX), recording a 9.4% gain over its previous closing price of 1.27 NGN. Consolidated Hallmark began the year with a share price of 1.47 NGN but has since lost 5.44% off that price valuation, ranking it 119th on the NGX in terms of year-to-date performance.
Consolidated Hallmark Holdings is the 15th most traded stock on the Nigerian Stock Exchange over the past three months (Jul 15 – Oct 11, 2024). CONHALLPLC has traded a total volume of 666 million shares—in 1,517 deals—valued at NGN 888 million over the period, with an average of 10.6 million traded shares per session. A volume high of 506 million was achieved on August 29th, and a low of 69,235 on October 4th, 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.
By: Babajide Okeowo
The post Mecure, Lasaco, Conhall, Sterling others top list of stocks to watch this week appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.