Investors in the Nigerian equities market made N121.07 trillion at the end of trading sessions last week.
The bourse recorded gains in three of the five trading days of the week while market capitalisation rose to N56.7 trillion from N56.46 trillion recorded the previous week.
Similarly, the All-Share Index (ASI) rose by 0.21% to close the week at 98,458.68 points from 98,247.99 points the previous week.
The capital market was boosted by a surge in the share prices of stocks like Flour Mills, Sterling, PZ, Wema 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.
FLOUR MILLS OF NIGERIA • 62.00 0.00
The current share price of Flour Mills of Nigeria is NGN 62.00. The company closed its last trading day (Friday, September 27, 2024) at 62.00 NGN per share on the Nigerian Stock Exchange (NGX). Flour Mills began the year with a share price of 33.05 NGN and has since gained 87.6% on that price valuation, ranking it 16th on the NGX in terms of year-to-date performance.
Shareholders can be optimistic about Flour Mills of Nigeria knowing the stock has accrued 38% over the past four-week period alone—11th best on NGX.
Flour Mills Nigeria is the 57th most traded stock on the Nigerian Stock Exchange over the past three months (Jul 2 – Sep 27, 2024). FLOURMILL has traded a total volume of 73.6 million shares—in 5,311 deals—valued at NGN 3.71 billion over the period, with an average of 1.17 million traded shares per session. A volume high of 7.39 million was achieved on September 26th, and a low of 82,445 on August 23rd, for the same period.
PZ • 19.50 ▴ 0.85 (4.56%)
The current share price of PZ Cussons Nigeria (PZ) is NGN 19.50. PZ closed its last trading day (Friday, September 27, 2024) at 19.50 NGN per share on the Nigerian Stock Exchange (NGX), recording a 4.6% gain over its previous closing price of 18.65 NGN. PZ Cussons began the year with a share price of 26.70 NGN but has since lost 27% off that price valuation, ranking it 143rd on the NGX in terms of year-to-date performance. Shareholders’ worries are compounded by the fact that PZ has lost 7% of the stock’s value from August 29th to date.
READ ALSO: Geregu, Fidson, Vitafoam, Fidelity Bank others top list of stocks to watch this week
PZ Cussons Nigeria is the 78th most traded stock on the Nigerian Stock Exchange over the past three months (Jul 2 – Sep 27, 2024). PZ has traded a total volume of 22.8 million shares—in 1,800 deals—valued at NGN 390 million over the period, with an average of 361,236 traded shares per session. A volume high of 6.69 million was achieved on September 19th, and a low of 3,078 on August 22nd, for the same period.
STERLING BANK • 4.90 0.00
The current share price of Sterling Bank is NGN 4.90. STERLING NG closed its last trading day (Friday, September 27, 2024) at 4.90 NGN per share on the Nigerian Stock Exchange (NGX). Sterling began the year with a share price of 4.29 NGN and has since gained 14.2% on that price valuation, ranking it 73rd on the NGX in terms of year-to-date performance. Shareholders can be optimistic about STERLINGNG knowing the stock has accrued 22% over the past four-week period alone—19th best on NGX.
Sterling Bank is the 19th most traded stock on the Nigerian Stock Exchange over the past three months (Jul 2 – Sep 27, 2024). STERLING has traded a total volume of 489 million shares—in 5,854 deals—valued at NGN 2 billion over the period, with an average of 7.77 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. The table below details the last 10 trading days of activity of Sterling Bank on the Nigerian Stock Exchange.
WEMA BANK • 8.00 ▴ 0.10 (1.27%)
The current share price of Wema Bank (WEMABANK) is NGN 8.00. WEMABANK closed its last trading day (Friday, September 27, 2024) at 8.00 NGN per share on the Nigerian Stock Exchange (NGX), recording a 1.3% gain over its previous closing price of 7.90 NGN. Wema began the year with a share price of 5.60 NGN and has since gained 42.9% on that price valuation, ranking it 36th on the NGX in terms of year-to-date performance. Shareholders can be optimistic about WEMABANK knowing the stock has accrued 30% over the past four-week period alone—14th best on NGX.
Wema Bank is the 24th most traded stock on the Nigerian Stock Exchange over the past three months (Jul 2 – Sep 27, 2024). WEMA BANK has traded a total volume of 286 million shares—in 8,507 deals—valued at NGN 1.84 billion over the period, with an average of 4.54 million traded shares per session. A volume high of 25.4 million was achieved on August 19th, and a low of 367,372 on August 21st, for the same period.
By: Babajide Okeowo
The post Flour Mills, Sterling, PZ, Wema Bank, others top list of stocks to watch this week appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.