Multiverse, Honeywell Flour, DaarComm, CI Leasing, others top stocks to watch this week

In the first full trading week of the new year, the equities market raked in a massive N1.1 trillion in profits for investors following a surge in the share prices of some listed stocks.

The bourse recorded gains in three of the five trading sessions this week as the market capitalization increased to N64.3 trillion from N63.1 trillion the previous week.

Similarly, the All-Share Index (ASI) appreciated by 1.80% to close the week at 105,451.06 from the 103,586.33 points recorded the previous week.

The market’s performance was driven by strong showing from stocks like Multiverse Mining and Exploration Plc; Honeywell Flour Mill; C&I Leasing Plc and DAAR Communications Plc amongst others on the trading floor positioning them 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.

DAARCOMM • 0.88 ▾ 0.09 (9.28%)

The current share price of Daar Communications (DAARCOMM) is NGN 0.88. DAARCOMM closed its last trading day (Friday, January 10, 2025) at 0.88 NGN per share on the Nigerian Stock Exchange (NGX), recording a 9.3% drop from its previous closing price of 0.97 NGN. Daar Communications began the year with a share price of 0.63 NGN and has since gained 39.7% on that price valuation, ranking it fifth on the NGX in terms of year-to-date performance. Shareholders can be optimistic about DAARCOMM knowing the stock has accrued an outstanding 52% over the past four-week period alone—20th best on NGX.

Daar Communications is the 58th most traded stock on the Nigerian Stock Exchange over the past three months (Oct 11, 2024 – Jan 10, 2025). DAARCOMM has traded a total volume of 103 million shares—in 2,433 deals—valued at NGN 68.8 million over the period, with an average of 1.63 million traded shares per session. A volume high of 8.89 million was achieved on January 8th, and a low of 77,440 on November 14th, for the same period.

MULTIVERSE • 12.35 ▴ 0.85 (7.39%)

The current share price of Multiverse Mining & Exploration (MULTIVERSE) is NGN 12.35. MULTIVERSE closed its last trading day (Friday, January 10, 2025) at 12.35 NGN per share on the Nigerian Stock Exchange (NGX), recording a 7.4% gain over its previous closing price of 11.50 NGN. Multiverse Mining & Exploration began the year with a share price of 7.35 NGN and has since gained 68% on that price valuation, ranking it first on the NGX in terms of year-to-date performance. Shareholders can be optimistic about MULTIVERSE knowing the stock has accrued an outstanding 109% over the past four-week period alone—third best on NGX.

READ ALSO: Ikeja Hotel, Multiverse, PZ, others top list of stocks to watch this week

Multiverse Mining & Exploration is the 87th most traded stock on the Nigerian Stock Exchange over the past three months (Oct 11, 2024 – Jan 10, 2025). MULTIVERSE has traded a total volume of 25 million shares—in 1,715 deals—valued at NGN 194 million over the period, with an average of 396,653 traded shares per session. A volume high of 4.22 million was achieved on January 8th, and a low of 946 on October 17th, for the same period.

CILEASING • 4.51 ▴ 0.41 (10%)

The current share price of C&I Leasing Plc (CILEASING) is NGN 4.51. CILEASING closed its last trading day (Friday, January 10, 2025) at 4.51 NGN per share on the Nigerian Stock Exchange (NGX), recording a 10% gain over its previous closing price of 4.10 NGN. C&I Leasing began the year with a share price of 3.77 NGN and has since gained 19.6% on that price valuation, ranking it 21st on the NGX in terms of year-to-date performance. Shareholders can be optimistic about CILEASING knowing the stock has accrued 9% over the past four-week period—83rd best on NGX.

C&I Leasing is the 29th most traded stock on the Nigerian Stock Exchange over the past three months (Oct 11, 2024 – Jan 10, 2025). CILEASING has traded a total volume of 307 million shares—in 3,640 deals—valued at NGN 1.16 billion over the period, with an average of 4.88 million traded shares per session. A volume high of 37.2 million was achieved on December 24th, and a low of 136,175 on November 13th, for the same period.

HONYFLOUR • 10.02 ▴ 0.91 (9.99%)

The current share price of Honeywell Flour Mill (HONYFLOUR) is NGN 10.02. HONYFLOUR closed its last trading day (Friday, January 10, 2025) at 10.02 NGN per share on the Nigerian Stock Exchange (NGX), recording a 10% gain over its previous closing price of 9.11 NGN. Honeywell Flour Mill began the year with a share price of 6.30 NGN and has since gained 59.1% on that price valuation, ranking it second on the NGX in terms of year-to-date performance. Shareholders can be optimistic about HONYFLOUR knowing the stock has accrued an outstanding 101% over the past four-week period alone—fourth best on NGX.

Honeywell Flour Mill is the 35th most traded stock on the Nigerian Stock Exchange over the past three months (Oct 11, 2024 – Jan 10, 2025). HONYFLOUR has traded a total volume of 232 million shares—in 6,953 deals—valued at NGN 1.42 billion over the period, with an average of 3.67 million traded shares per session. A volume high of 24.8 million was achieved on January 10th, and a low of 332,998 on October 16th, for the same period.

By: Babajide Okeowo

The post Multiverse, Honeywell Flour, DaarComm, CI Leasing, others top stocks to watch this week appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

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