Investors in the Nigerian equities market endured heavy losses on the floor of the Nigerian Exchange Group (NGX) last week.
The investors lost N121.07 billion in four trading sessions last week.
The bourse recorded gains in two of the four trading days of the week.
The market opened for four days due to the independence day holiday.
The market capitalisation crashed to N56.03 trillion from N56.4 trillion the previous week.
Similarly, the All-Share Index (ASI) depreciated by 0.95% to close the week at 97,520.54 from 98,458.68 points the previous week.
Despite the heavy losses, stocks like Seplat, Afripud, Deapcap, Tripple G posted strong performances 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.
SEPLAT • 4,964.70 ▴ 451.30 (10%)
The current share price of Seplat Petroleum Development Co. (SEPLAT) is NGN 4,964.70. SEPLAT closed its last trading day (Friday, October 4, 2024) at 4,964.70 NGN per share on the Nigerian Stock Exchange (NGX), recording a 10% gain over its previous closing price of 4,513.40 NGN. Seplat Petroleum Development began the year with a share price of 2,310.00 NGN and has since gained 115% on that price valuation, ranking it 13th on the NGX in terms of year-to-date performance.
READ ALSO: NGX WEEKLY ROUND-UP: Investors lose N539.09bn as bears ravage equities market
Seplat Petroleum Development Co. is the 104th most traded stock on the Nigerian Stock Exchange over the past three months (Jul 8 – Oct 4, 2024). SEPLAT has traded a total volume of 4.81 million shares—in 2,744 deals—valued at NGN 18.7 billion over the period, with an average of 76,389 traded shares per session. A volume high of 736,498 was achieved on July 29th, and a low of 95 on September 20th, for the same period.
AFRIPRUD • 10.65 ▴ 0.15 (1.43%)
The current share price of Africa Prudential Plc (AFRIPRUD) is NGN 10.65. AFRIPRUD closed its last trading day (Friday, October 4, 2024) at 10.65 NGN per share on the Nigerian Stock Exchange (NGX), recording a 1.4% gain over its previous closing price of 10.50 NGN. Africa Prudential began the year with a share price of 7.40 NGN and has since gained 43.9% on that price valuation, ranking it 38th on the NGX in terms of year-to-date performance. Shareholders can be optimistic about AFRIPRUD knowing the stock has accrued 16% over the past four-week period—28th best on NGX.
Africa Prudential is the 49th most traded stock on the Nigerian Stock Exchange over the past three months (Jul 8 – Oct 4, 2024). AFRIPRUD has traded a total volume of 108 million shares—in 5,252 deals—valued at NGN 1.01 billion over the period, with an average of 1.71 million traded shares per session. A volume high of 12.7 million was achieved on July 30th, and a low of 121,484 on September 19th, for the same period.
DEAPCAP • 1.46 ▴ 0.06 (4.29%)
The current share price of Deap Capital Management & Trust (DEAPCAP) is NGN 1.46. DEAPCAP closed its last trading day (Friday, October 4, 2024) at 1.46 NGN per share on the Nigerian Stock Exchange (NGX), recording a 4.3% gain over its previous closing price of 1.40 NGN. Deap Capital Management & Trust began the year with a share price of 0.58 NGN and has since gained 152% on that price valuation, ranking it eighth on the NGX in terms of year-to-date performance. Shareholders can be optimistic about DEAPCAP knowing the stock has accrued 27% over the past four-week period alone—15th best on NGX.
Deap Capital Management & Trust is the 27th most traded stock on the Nigerian Stock Exchange over the past three months (Jul 8 – Oct 4, 2024). DEAPCAP has traded a total volume of 255 million shares—in 2,630 deals—valued at NGN 200 million over the period, with an average of 4.05 million traded shares per session. A volume high of 19.7 million was achieved on August 19th, and a low of 12,669 on August 2nd, for the same period.
TRIPPLEG • 4.97 0.00
The current share price of Tripple Gee & Co. Plc (TRIPPLEG) is NGN 4.97. TRIPPLEG closed its last trading day (Friday, October 4, 2024) at 4.97 NGN per share on the Nigerian Stock Exchange (NGX). Tripple Gee began the year with a share price of 2.15 NGN and has since gained 131% on that price valuation, ranking it 11th on the NGX in terms of year-to-date performance. Shareholders can be optimistic about TRIPPLEG knowing the stock has accrued 20% over the past four-week period alone—24th best on NGX.
Tripple Gee & Co. is the 96th most traded stock on the Nigerian Stock Exchange over the past three months (Jul 8 – Oct 4, 2024). TRIPPLEG has traded a total volume of 7.6 million shares—in 292 deals—valued at NGN 35.3 million over the period, with an average of 120,600 traded shares per session. A volume high of 3.64 million was achieved on October 2nd for the same period.
By: Babajide Okeowo
The post Seplat, Afripud, Deapcap, Tripple G, others top list of stocks to watch this week appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.