Investors in the Nigerian equities market endured a bearish week that culminated in a weekly loss of N185.59 billion on the trading floor of the Nigerian Exchange Group (NGX).
The bourse recorded losses in three of the five trading sessions this week as the All-Share Index (ASI) fell by 0.33% to close the week at 97,506.87 points from 97,830.43 points recorded the previous week.
Similarly, the market capitalization decreased from N59.11 trillion to N59.29 trillion.
Amid the sell-offs, stocks like Nascon, HMCall, Royalex, Sovrenins and others posted strong showings to lay claims to being named as 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.
NASCON • 32.40 
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The current share price of National Salt Company (NASCON) is NGN 32.40. NASCON closed its last trading day (Friday, November 29, 2024) at 32.40 NGN per share on the Nigerian Stock Exchange (NGX). National Salt began the year with a share price of 53.75 NGN but has since lost 39.7% off that price valuation, ranking it 151st on the NGX in terms of year-to-date performance.
National Salt Company is the 59th most traded stock on the Nigerian Stock Exchange over the past three months (Sep 2 – Nov 29, 2024). NASCON has traded a total volume of 78.8 million shares—in 4,762 deals—valued at NGN 2.44 billion over the period, with an average of 1.25 million traded shares per session. A volume high of 6.94 million was achieved on November 20th, and a low of 70,632 on October 17th, for the same period.
HMCALL • 6.20 ▴ 0.54 (9.54%)
The current share price of Haldane McCall (HMCALL) is NGN 6.20. HMCALL closed its last trading day (Friday, November 29, 2024) at 6.20 NGN per share on the Nigerian Stock Exchange (NGX), recording a 9.5% gain over its previous closing price of 5.66 NGN. Haldane McCall closed its IPO day (November 20, 2024) with a share price of 4.22 NGN and has since gained 46.9% on that price valuation, ranking it 42nd on the NGX in terms of year-to-date performance.
Haldane McCall is the #1 most traded stock on the Nigerian Stock Exchange over the past week (Nov 22 – Nov 29, 2024). HMCALL has traded a total volume of 823 million shares—in 865 deals—valued at NGN 4.78 billion over the period, with an average of 137 million traded shares per session. A volume high of 374 million was achieved on November 27th, and a low of 14.3 million on November 22nd, for the same period.
ROYALEX • 0.62 ▴ 0.05 (8.77%)
The current share price of Royal Exchange (ROYALEX) is NGN 0.62. ROYALEX closed its last trading day (Friday, November 29, 2024) at 0.62 NGN per share on the Nigerian Stock Exchange (NGX), recording an 8.8% gain over its previous closing price of 0.57 NGN. Royal Exchange began the year with a share price of 0.63 NGN but has since lost 1.59% off that price valuation, ranking it 119th on the NGX in terms of year-to-date performance.
Royal Exchange is the 44th most traded stock on the Nigerian Stock Exchange over the past three months (Sep 2 – Nov 29, 2024). ROYALEX has traded a total volume of 118 million shares—in 1,529 deals—valued at NGN 75.1 million over the period, with an average of 1.87 million traded shares per session. A volume high of 6.49 million was achieved on November 4th, and a low of 76,418 on September 30th, for the same period.
SOVRENINS • 0.73 ▴ 0.05 (7.35%)
The current share price of Sovereign Trust Insurance (SOVRENINS) is NGN 0.73. SOVRENINS closed its last trading day (Friday, November 29, 2024) at 0.73 NGN per share on the Nigerian Stock Exchange (NGX), recording a 7.4% gain over its previous closing price of 0.68 NGN. Sovereign Trust began the year with a share price of 0.42 NGN and has since gained 73.8% on that price valuation, ranking it 29th on the NGX in terms of year-to-date performance. Shareholders can be optimistic about SOVRENINS knowing the stock has accrued 28% over the past four-week period alone—12th best on NGX.
Sovereign Trust Insurance is the 40th most traded stock on the Nigerian Stock Exchange over the past three months (Sep 2 – Nov 29, 2024). SOVRENINS has traded a total volume of 161 million shares—in 1,300 deals—valued at NGN 98.8 million over the period, with an average of 2.56 million traded shares per session. A volume high of 59.4 million was achieved on November 4th, and a low of 71,608 on October 24th, for the same period.
By: Babajide Okeowo
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