Investors in the Nigerian equities market enjoyed a very profitable week amassing a massive N1.061 trillion in profit on the trading floor of the Nigerian Exchange Group (NGX).
The bourse recorded gains in four of the five trading sessions this week as the All-Share Index (ASI) appreciated by 1.76% to close the week at 101,129.09 from 99,378.06 points recorded the previous week.
The market capitalization increased to N61.3 trillion from N60.2 trillion the previous week.
The performance was buoyed by strong showing from stocks like MRS Oil, Eterna, Honeywell, UACN and others 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.
MRS • 180.00 ▴ 4.40 (2.51%)
The current share price of MRS Oil Nigeria (MRS) is NGN 180.00. MRS closed its last trading day (Friday, December 20, 2024) at 180.00 NGN per share on the Nigerian Stock Exchange (NGX), recording a 2.5% gain over its previous closing price of 175.60 NGN. MRS Oil began the year with a share price of 105.00 NGN and has since gained 71.4% on that price valuation, ranking it 41st on the NGX in terms of year-to-date performance. Shareholders can be optimistic about MRS knowing the stock has accrued 36% over the past four-week period alone—eighth best on NGX.
MRS Oil Nigeria is the 108th most traded stock on the Nigerian Stock Exchange over the past three months (Sep 24 – Dec 20, 2024). MRS has traded a total volume of 5.79 million shares—in 1,383 deals—valued at NGN 860 million over the period, with an average of 91,971 traded shares per session. A volume high of 1.6 million was achieved on December 18th, and a low of 421 on November 29th, for the same period.
UACN • 30.25 ▴ 2.75 (10%)
The current share price of UAC of Nigeria (UACN) is NGN 30.25. UACN closed its last trading day (Friday, December 20, 2024) at 30.25 NGN per share on the Nigerian Stock Exchange (NGX), recording a 10% gain over its previous closing price of 27.50 NGN. UAC began the year with a share price of 12.85 NGN and has since gained 135% on that price valuation, ranking it 20th on the NGX in terms of year-to-date performance. Shareholders can be optimistic about UACN knowing the stock has accrued 30% over the past four-week period alone—11th best on NGX.
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UAC of Nigeria is the 34th most traded stock on the Nigerian Stock Exchange over the past three months (Sep 24 – Dec 20, 2024). UACN has traded a total volume of 200 million shares—in 4,989 deals—valued at NGN 4.44 billion over the period, with an average of 3.18 million traded shares per session. A volume high of 55.1 million was achieved on October 31st, and a low of 262,704 on October 18th, for the same period.
ETERNA • 29.45 ▴ 2.20 (8.07%)
The current share price of Eterna Plc (ETERNA) is NGN 29.45. ETERNA closed its last trading day (Friday, December 20, 2024) at 29.45 NGN per share on the Nigerian Stock Exchange (NGX), recording an 8.1% gain over its previous closing price of 27.25 NGN. Eterna began the year with a share price of 13.85 NGN and has since gained 113% on that price valuation, ranking it 27th on the NGX in terms of year-to-date performance. Shareholders can be optimistic about ETERNA knowing the stock has accrued 19% over the past four-week period—27th best on NGX.
Eterna is the 73rd most traded stock on the Nigerian Stock Exchange over the past three months (Sep 24 – Dec 20, 2024). ETERNA has traded a total volume of 43.2 million shares—in 4,761 deals—valued at NGN 1.07 billion over the period, with an average of 686,372 traded shares per session. A volume high of 4.39 million was achieved on December 19th, and a low of 57,177 on October 3rd, for the same period.
HONYFLOUR • 6.05 ▴ 0.55 (10%)
The current share price of Honeywell Flour Mill (HONYFLOUR) is NGN 6.05. HONYFLOUR closed its last trading day (Friday, December 20, 2024) at 6.05 NGN per share on the Nigerian Stock Exchange (NGX), recording a 10% gain over its previous closing price of 5.50 NGN. Honeywell Flour Mill began the year with a share price of 3.32 NGN and has since gained 82.2% on that price valuation, ranking it 35th on the NGX in terms of year-to-date performance. Shareholders can be optimistic about HONYFLOUR knowing the stock has accrued 25% over the past four-week period alone—19th best on NGX.
Honeywell Flour Mill is the 37th most traded stock on the Nigerian Stock Exchange over the past three months (Sep 24 – Dec 20, 2024). HONYFLOUR has traded a total volume of 185 million shares—in 5,258 deals—valued at NGN 873 million over the period, with an average of 2.93 million traded shares per session. A volume high of 25.5 million was achieved on September 26th, and a low of 332,998 on October 16th, for the same period.
By: Babajide Okeowo
The post Mrs Oil, Eterna, Honeywell, UACN others top list of stocks to watch this week appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.