Investors in the Nigerian equities market enjoyed profitable sessions and earned a massive N426.68 billion as profit on the trading floor of the Nigerian Exchange Group (NGX) last week.
The bourse recorded gains in three of the five trading sessions last week.
Similarly, the All-Share Index (ASI) appreciated by 0.72% to close the week at 98,210.75 from 97,506.87 points recorded the previous week.
The market capitalization increased from N59.29 trillion to N59.53 trillion during the period.
The performance was buoyed by strong showing from stocks like Gold Breweries, Sunu Assurance, and Lafarge to lay claims to the title of 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.
GOLD BREWERIES • 5.40 ▴ 0.49 (9.98%)
The current share price of Golden Guinea Breweries Plc (GOLDBREW) is NGN 5.40. GOLDBREW closed its last trading day (Friday, December 6, 2024) at 5.40 NGN per share on the Nigerian Stock Exchange (NGX), recording a 10% gain over its previous closing price of 4.91 NGN. Golden Guinea Breweries began the year with a share price of 3.15 NGN and has since gained 71.4% on that price valuation, ranking it 30th on the NGX in year-to-date performance. Shareholders can be optimistic about GOLD BREWERIES knowing the stock has accrued 44% over the past four-week period alone—seventh best on NGX.
Golden Guinea Breweries is the 115th most traded stock on the Nigerian Stock Exchange over the past three months (Sep 9 – Dec 6, 2024). Over the period, GOLD BREWERIES traded a total of 1.72 million shares—in 197 deals—valued at NGN 6.83 million, with an average of 27,247 traded shares per session. A volume high of 274,084 was achieved on December 3rd.
SUNU ASSURANCE • 5.05 ▴ 0.42 (9.07%)
The current share price of Sunu Assurances Nigeria Plc (SUNUASSUR) is NGN 5.05. SUNUASSUR closed its last trading day (Friday, December 6, 2024) at 5.05 NGN per share on the Nigerian Stock Exchange (NGX), recording a 9.1% gain over its previous closing price of 4.63 NGN. Sunu Assurances began the year with a share price of 1.10 NGN and has since gained 359% on that price valuation, ranking it fifth on the NGX in terms of year-to-date performance. Shareholders can be optimistic about SUNU ASSURANCE knowing the stock has accrued an outstanding 145% over the past four-week period alone—best on NGX.
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Sunu Assurance Nigeria is the 50th most traded stock on the Nigerian Stock Exchange over the past three months (Sep 9 – Dec 6, 2024). SUNU ASSURANCE has traded a total volume of 102 million shares—in 1,822 deals—valued at NGN 313 million over the period, with an average of 1.62 million traded shares per session. A volume high of 13.4 million was achieved on November 15th, and a low of 14,666 on September 18th, for the same period.
JAPAUL GOLD • 2.35 ▴ 0.20 (9.3%)
The current share price of Japaul Gold and Ventures Plc (JAPAULGOLD) is NGN 2.35. JAPAULGOLD closed its last trading day (Friday, December 6, 2024) at 2.35 NGN per share on the Nigerian Stock Exchange (NGX), recording a 9.3% gain over its previous closing price of 2.15 NGN. Japaul Gold and Ventures began the year with a share price of 1.70 NGN and has since gained 38.2% on that price valuation, ranking it 54th on the NGX in terms of year-to-date performance. Shareholders can be optimistic about JAPAUL GOLD knowing the stock has accrued 15% over the past four-week period—21st best on NGX.
Japaul Gold and Ventures is the second most traded stock on the Nigerian Stock Exchange over the past three months (Sep 9 – Dec 6, 2024). JAPAUL GOLD has traded a total volume of 2.58 billion shares—in 9,937 deals—valued at NGN 6.24 billion over the period, with an average of 40.9 million traded shares per session. A volume high of 591 million was achieved on September 27th, and a low of 1.42 million on November 14th, for the same period.
By: Babajide Okeowo
The post Gold Breweries, Sunu Assurance, Lafarge, others top list of stocks to watch this week appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.