It was a mixed results for investors in the Nigerian equities market last week as the bourse recorded three gains and two losses during the period.
The benchmark All-Share Index (ASI) dipped -1.16% to close the week at 95,973.45 points from 97,100.31 the previous week.
Similarly, investors lost N2.4 billion as market capitalization fell to N55.12 trillion from N55.13 trillion the previous week.
The last week’s recovery from the debilitating N846 billion loss recorded a fortnight ago was triggered by positive performances of stocks like Oando, Ucap, Transcorp, and Skyway Aviation.
This made the quartet the 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.
SKYWAY AVIATION • 26.40 0.00
The current share price of Skyway Aviation Handling Co. Plc (SKYAVN) is NGN 26.40. SKYAVN closed its last trading day (Friday, August 23, 2024) at 26.40 NGN per share on the Nigerian Stock Exchange (NGX). Skyway Aviation Handling began the year with a share price of 25.35 NGN and has since gained 4.14% on that price valuation, ranking it 72nd on the NGX in terms of year-to-date performance. Shareholders can be optimistic about SKYAVN knowing the stock has accrued 29% over the past four-week period alone—ninth best on NGX.
Skyway Aviation Handling Co. is the 79th most traded stock on the Nigerian Stock Exchange over the past three months (May 24 – Aug 23, 2024). SKYAVN has traded a total volume of 22.5 million shares—in 692 deals—valued at NGN 484 million over the period, with an average of 357,626 traded shares per session. A volume high of 12 million was achieved on June 26th for the same period.
OANDO • 47.85 ▴ 4.35 (10%)
The current share price of Oando Plc (OANDO) is NGN 47.85. OANDO closed its last trading day (Friday, August 23, 2024) at 47.85 NGN per share on the Nigerian Stock Exchange (NGX), recording a 10% gain over its previous closing price of 43.50 NGN. Oando began the year with a share price of 10.50 NGN and has since gained 356% 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 135% over the past four-week period alone—second best on NGX.
READ ALSO:MTNN, Zenith, FBNH, Oando others top list of stocks to watch this week
Oando is the 10th most traded stock on the Nigerian Stock Exchange over the past three months (May 24 – Aug 23, 2024). OANDO has traded a total volume of 1.15 billion shares—in 27,612 deals—valued at NGN 27.8 billion over the period, with an average of 18.2 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.
TRANSCORP • 12.00 ▴ 0.50 (4.35%)
The current share price of Transcorp Nigeria (TRANSCORP) is NGN 12.00. TRANSCORP closed its last trading day (Friday, August 23, 2024) at 12.00 NGN per share on the Nigerian Stock Exchange (NGX), recording a 4.3% gain over its previous closing price of 11.50 NGN. Transcorp began the year with a share price of 8.66 NGN and has since gained 38.6% on that price valuation, ranking it 27th on the NGX in terms of year-to-date performance.
Transcorp Nigeria is the 13th most traded stock on the Nigerian Stock Exchange over the past three months (May 24 – Aug 23, 2024). TRANSCORP has traded a total volume of 836 million shares—in 18,708 deals—valued at NGN 9.79 billion over the period, with an average of 13.3 million traded shares per session. A volume high of 125 million was achieved on June 28th, and a low of 2.64 million on August 2nd, for the same period.
UCAP • 19.75 ▴ 1.50 (8.22%)
The current share price of United Capital Plc (UCAP) is NGN 19.75. UCAP closed its last trading day (Friday, August 23, 2024) at 19.75 NGN per share on the Nigerian Stock Exchange (NGX), recording an 8.2% gain over its previous closing price of 18.25 NGN. United Capital began the year with a share price of 23.00 NGN but has since lost 14.1% off that price valuation, ranking it 130th on the NGX in terms of year-to-date performance. Shareholders’ worries are compounded by the fact that UCAP has lost 49% of the stock’s value from July 26th to date.
United Capital is the 15th most traded stock on the Nigerian Stock Exchange over the past three months (May 24 – Aug 23, 2024). UCAP has traded a total volume of 748 million shares—in 23,348 deals—valued at NGN 19.6 billion over the period, with an average of 11.9 million traded shares per session. A volume high of 74.4 million was achieved on August 7th, and a low of 663,452 on June 6th, for the same period.
By: Babajide Okeowo
The post Oando, Ucap, Transcorp, Skyway Aviation, others top list of stocks to watch this week appeared first on Latest Nigeria News | Top Stories from Naomisophyblog.
