The bull returned to the Nigerian equities market last week following strong performances from stocks like Oando, Julius Berger, Eterna, Deapcap and others.
After five days of trading, investors smiled home with N348 billion in profit last week.
The Nigerian bourse gained in four of the five trading sessions as the benchmark All-Share Index (ASI) increased by 0.63% to close the week at 96,579.54 points from 95,973.45 recorded the previous week.
Similarly, market capitalization rose to N55.4 trillion from N55.1 trillion recorded the previous week.
The market performance was driven by Oando, Julius Berger, Eterna, Deapcap and others 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.
JBERGER • 170.50 0.00
The current share price of Julius Berger Nigeria Plc (JBERGER) is NGN 170.50. JBERGER closed its last trading day (Friday, August 30, 2024) at 170.50 NGN per share on the Nigerian Stock Exchange (NGX), recording a 1.2% drop from its previous closing price of 172.60 NGN. Julius Berger began the year with a share price of 43.00 NGN and has since gained 297% on that price valuation, ranking it fourth on the NGX in terms of year-to-date performance. Shareholders can be optimistic about JBERGER knowing the stock has accrued an outstanding 76% over the past four-week period alone—third best on NGX.
Julius Berger Nigeria is the 30th most traded stock on the Nigerian Stock Exchange over the past three months (May 31 – Aug 30, 2024). JBERGER has traded a total volume of 165 million shares—in 5,068 deals—valued at NGN 24.4 billion over the period, with an average of 2.62 million traded shares per session. A volume high of 121 million was achieved on August 30th, and a low of 12,252 on July 11th, for the same period.
OANDO • 84.55 ▴ 7.65 (9.95%)
The current share price of Oando Plc (OANDO) is NGN 84.55. OANDO closed its last trading day (Friday, August 30, 2024) at 76.90 NGN per share on the Nigerian Stock Exchange (NGX), recording a 9.9% gain over its previous closing price of 69.95 NGN. Oando began the year with a share price of 10.50 NGN and has since gained 632% 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 204% over the past four-week period alone—second best on NGX.
Oando is the 10th most traded stock on the Nigerian Stock Exchange over the past three months (May 31 – Aug 30, 2024). OANDO has traded a total volume of 1.26 billion shares—in 31,717 deals—valued at NGN 36.6 billion over the period, with an average of 20 million traded shares per session. A volume high of 93.9 million was achieved on August 30th, and a low of 3.42 million on July 16th, for the same period.
ETERNA • 29.30 ▴ 1.70 (6.16%)
The current share price of Eterna Plc (ETERNA) is NGN 29.30. ETERNA closed its last trading day (Friday, August 30, 2024) at 27.60 NGN per share on the Nigerian Stock Exchange (NGX), recording a 10% drop from its previous closing price of 30.65 NGN. Eterna began the year with a share price of 13.85 NGN and has since gained 99.3% on that price valuation, ranking it ninth on the NGX in terms of year-to-date performance. Shareholders can be optimistic about ETERNA knowing the stock has accrued 45% over the past four-week period alone—12th best on NGX.
Eterna is the 52nd most traded stock on the Nigerian Stock Exchange over the past three months (May 31 – Aug 30, 2024). ETERNA has traded a total volume of 82.1 million shares—in 5,572 deals—valued at NGN 1.91 billion over the period, with an average of 1.3 million traded shares per session. A volume high of 14.5 million was achieved on August 30th, and a low of 35,000 on June 27th, for the same period.
DEAPCAP • 0.96 ▴ 0.08 (9.09%)
The current share price of Deap Capital Management & Trust (DEAPCAP) is NGN 0.96. DEAPCAP closed its last trading day (Friday, August 30, 2024) at 0.88 NGN per share on the Nigerian Stock Exchange (NGX), recording a 10% gain over its previous closing price of 0.80 NGN. Deap Capital Management & Trust began the year with a share price of 0.58 NGN and has since gained 51.7% on that price valuation, ranking it 24th on the NGX in terms of year-to-date performance. Shareholders can be optimistic about DEAPCAP knowing the stock has accrued an outstanding 69% over the past four-week period alone—fourth best on NGX.
Deap Capital Management & Trust is the 28th most traded stock on the Nigerian Stock Exchange over the past three months (May 31 – Aug 30, 2024). DEAPCAP has traded a total volume of 168 million shares—in 1,756 deals—valued at NGN 84.9 million over the period, with an average of 2.67 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.
By: Babajide Okeowo
The post Oando, Julius Berger, Eterna, Deapcap, others top list of stocks to watch this week appeared first on Latest Nigeria News | Top Stories from Naomisophyblog.
