Investors in the Nigerian equities market enjoyed a profit-making trading sessions on the floor of the Nigerian Exchange Group (NGX) last week.
The bourse recorded gains in three of the four trading days of the week while market capitalisation rose to N56.46 trillion from N56.00 trillion the previous week.
Monday, September 16 was declared as public holiday by the Federal Government to mark the Eid-el-Maulud.
Similarly, the All-Share Index (ASI) rose by 0.81% to close the week at 98,247.99 points from 97,456.62 points the previous week
The market performance received a boost following a surge in the share prices of stocks like Geregu, Fidson, Vitafoam, Fidelity Bank 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.
FIDSON • 15.95 ▴ 1.45 (10%)
The current share price of Fidson Healthcare (FIDSON) is NGN 15.95. FIDSON closed its last trading day (Friday, September 20, 2024) at 15.95 NGN per share on the Nigerian Stock Exchange (NGX), recording a 10% gain over its previous closing price of 14.50 NGN. Fidson Healthcare began the year with a share price of 17.50 NGN but has since lost 8.86% off that price valuation, ranking it 123rd on the NGX in terms of year-to-date performance. Shareholders’ fears may be allayed by the 16% increase of FIDSON share price since August 22nd, which is 29th best on NGX.
Fidson Healthcare is the 80th most traded stock on the Nigerian Stock Exchange over the past three months (Jun 25 – Sep 20, 2024). FIDSON has traded a total volume of 23.6 million shares—in 2,062 deals—valued at NGN 332 million over the period, with an average of 374,469 traded shares per session. A volume high of 7.15 million was achieved on September 20th, and a low of 7,183 on June 26th, for the same period.
FIDELITYBK • 13.60 ▴ 1.20 (9.68%)
The current share price of Fidelity Bank Plc (FIDELITYBK) is NGN 13.60. FIDELITYBK closed its last trading day (Friday, September 20, 2024) at 13.60 NGN per share on the Nigerian Stock Exchange (NGX), recording a 9.7% gain over its previous closing price of 12.40 NGN. Fidelity began the year with a share price of 10.85 NGN and has since gained 25.4% on that price valuation, ranking it 48th on the NGX in terms of year-to-date performance. Shareholders can be optimistic about FIDELITYBK knowing the stock has accrued 28% over the past four-week period alone—20th best on NGX.
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Fidelity Bank is the #1 most traded stock on the Nigerian Stock Exchange over the past three months (Jun 25 – Sep 20, 2024). FIDELITYBK has traded a total volume of 3.77 billion shares—in 19,232 deals—valued at NGN 39.7 billion over the period, with an average of 59.9 million traded shares per session. A volume high of 1.33 billion was achieved on July 31st, and a low of 780,473 on August 30th, for the same period.
GEREGU • 1,150.00 0.00
The current share price of Geregu Power Plc (GEREGU) is NGN 1,150.00. GEREGU closed its last trading day (Friday, September 20, 2024) at 1,150.00 NGN per share on the Nigerian Stock Exchange (NGX). Geregu Power began the year with a share price of 399.00 NGN and has since gained 188% on that price valuation, ranking it sixth on the NGX in terms of year-to-date performance. Shareholders can be optimistic about GEREGU knowing the stock has accrued 15% over the past four-week period—32nd best on NGX.
Geregu Power is the 100th most traded stock on the Nigerian Stock Exchange over the past three months (Jun 25 – Sep 20, 2024). GEREGU has traded a total volume of 5.96 million shares—in 2,422 deals—valued at NGN 5.63 billion over the period, with an average of 94,680 traded shares per session. A volume high of 1.27 million was achieved on September 18th, and a low of 84 on August 14th, for the same period.
VITAFOAM • 22.00 0.00
The current share price of Vitafoam Nigeria (VITAFOAM) is NGN 22.00. VITAFOAM closed its last trading day (Friday, September 20, 2024) at 22.00 NGN per share on the Nigerian Stock Exchange (NGX).
Vitafoam Nigeria is the 82nd most traded stock on the Nigerian Stock Exchange over the past three months (Jun 25 – Sep 20, 2024). VITAFOAM has traded a total volume of 19.2 million shares—in 2,055 deals—valued at NGN 370 million over the period, with an average of 304,440 traded shares per session. A volume high of 1.2 million was achieved on July 19th, and a low of 15,239 on June 27th, for the same period.
By: Babajide Okeowo
The post Geregu, Fidson, Vitafoam, Fidelity Bank others top list of stocks to watch this week appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.
