The Nigerian equities market reversed the loss recorded in the first trading week in August to post a fairly profitable trading last week.
The bourse gained in three of the five trading sessions as the benchmark All-Share Index (ASI) rose +0.87% to close the week at 98,592.12 points from 97,745.73 points the previous week.
Also, investors gained N480.8 billion as market capitalisation rose to N55.9 trillion from N55.5 trillion the previous week.
This positive run was triggered by positive performances of stocks like MTNN, Zenith Bank, FBNH and Oando making them stocks to watch in the new week.
Kindly note that Naomisophyblog Stocks To Watch is not a buy, sell or hold recommendation. It is advisable to consult your financial advisor before making any investment decision.
MTNN • 199.80 ▴ 1.80 (0.91%)
The current share price of MTN Nigeria (MTNN) is NGN 199.80. MTNN closed its last trading day (Friday, August 9, 2024) at 199.80 NGN per share on the Nigerian Stock Exchange (NGX), recording a 0.9% gain over its previous closing price of 198.00 NGN. MTN began the year with a share price of 264.00 NGN but has since lost 24.3% off that price valuation, ranking it 137th on the NGX in terms of year-to-date performance.
MTN Nigeria is the 45th most traded stock on the Nigerian Stock Exchange over the past three months (May 10 – Aug 9, 2024). MTNN has traded a total volume of 85.7 million shares—in 21,653 deals—valued at NGN 17.6 billion over the period, with an average of 1.36 million traded shares per session. A volume high of 6.47 million was achieved on August 5th, and a low of 78,489 on May 22nd, for the same period.
FBNH • 22.50 ▴ 0.15 (0.67%)
The current share price of FBN Holdings Plc (FBNH) is NGN 22.50. FBNH closed its last trading day (Friday, August 9, 2024) at 22.50 NGN per share on the Nigerian Stock Exchange (NGX), recording a 0.7% gain over its previous closing price of 22.35 NGN. FBN began the year with a share price of 23.55 NGN but has since lost 4.46% off that price valuation, ranking it 111th on the NGX in terms of year-to-date performance.
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FBN Holdings is the third most traded stock on the Nigerian Stock Exchange over the past three months (May 10 – Aug 9, 2024). FBNH has traded a total volume of 2.15 billion shares—in 16,752 deals—valued at NGN 46.9 billion over the period, with an average of 34.2 million traded shares per session. A volume high of 871 million was achieved on June 20th, and a low of 1.41 million on August 1st, for the same period.
OANDO • 40.60 ▴ 3.65 (9.88%)
The current share price of Oando Plc (OANDO) is NGN 40.60. OANDO closed its last trading day (Friday, August 9, 2024) at 40.60 NGN per share on the Nigerian Stock Exchange (NGX), recording a 9.9% gain over its previous closing price of 36.95 NGN. Oando began the year with a share price of 10.50 NGN and has since gained 287% on that price valuation, ranking it second on the NGX in terms of year-to-date performance. Shareholders can be optimistic about OANDO knowing the stock has accrued an outstanding 148% over the past four-week period alone—best on NGX.
Oando is the 11th most traded stock on the Nigerian Stock Exchange over the past three months (May 10 – Aug 9, 2024). OANDO has traded a total volume of 925 million shares—in 20,618 deals—valued at NGN 17.6 billion over the period, with an average of 14.7 million traded shares per session. A volume high of 73 million was achieved on July 26th, and a low of 1.43 million on May 24th, for the same period
ZENITHBANK • 38.85 ▴ 0.85 (2.24%)
The current share price of Zenith Bank Plc (ZENITHBANK) is NGN 38.85. ZENITHBANK closed its last trading day (Friday, August 9, 2024) at 38.85 NGN per share on the Nigerian Stock Exchange (NGX), recording a 2.2% gain over its previous closing price of 38.00 NGN. Zenith began the year with a share price of 38.65 NGN and has since gained 0.52% on that price valuation, ranking it 75th on the NGX in terms of year-to-date performance.
Zenith Bank is the fourth most traded stock on the Nigerian Stock Exchange over the past three months (May 10 – Aug 9, 2024). ZENITHBANK has traded a total volume of 1.56 billion shares—in 32,467 deals—valued at NGN 54.9 billion over the period, with an average of 24.7 million traded shares per session. A volume high of 111 million was achieved on May 31st, and a low of 4.86 million on May 17th, for the same period.
By: Babajide Okeowo
The post MTNN, Zenith, FBNH, Oando others top list of stocks to watch this week appeared first on Latest Nigeria News | Top Stories from Naomisophyblog.
