It was a trading week to forget for investors in the Nigerian equities market as the market crumbled amid sell-offs.
The bourse lost in all of the five trading sessions as the benchmark All-Share Index (ASI) dipped -1.51% to close the week at 97,100.31 points from 98,592.12 points the previous week
Similarly, investors lost a massive N846.5 billion as market capitalization fell to N55.1 trillion from N55.9 trillion recorded the previous week.
Amid the poor performance of the market, stocks like RT BRISCOE, JULIUS BERGER, TOTAL, OANDO still posted some strong showings to make 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.
OANDO • 35.85 ▴ 3.25 (9.97%)
The current share price of Oando Plc (OANDO) is NGN 35.85. OANDO closed its last trading day (Friday, August 16, 2024) at 35.85 NGN per share on the Nigerian Stock Exchange (NGX), recording a 10% gain over its previous closing price of 32.60 NGN. Oando began the year with a share price of 10.50 NGN and has since gained 241% 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 96% over the past four-week period alone—second best on NGX.
Oando is the ninth most traded stock on the Nigerian Stock Exchange over the past three months (May 17 – Aug 16, 2024). OANDO has traded a total volume of 1.03 billion shares—in 24,478 deals—valued at NGN 22.3 billion over the period, with an average of 16.4 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.
RTBRISCOE • 1.70 ▴ 0.15 (9.68%)
The current share price of RT Briscoe (RTBRISCOE) is NGN 1.70. RTBRISCOE closed its last trading day (Friday, August 16, 2024) at 1.70 NGN per share on the Nigerian Stock Exchange (NGX), recording a 9.7% gain over its previous closing price of 1.55 NGN. RT Briscoe began the year with a share price of 0.61 NGN and has since gained 179% on that price valuation, ranking it fifth on the NGX in terms of year-to-date performance. Shareholders can be optimistic about RTBRISCOE knowing the stock has accrued an outstanding 133% over the past four-week period alone—best on NGX.
READ ALSO:MTNN, Zenith, FBNH, Oando others top list of stocks to watch this week
RT Briscoe is the 36th most traded stock on the Nigerian Stock Exchange over the past three months (May 17 – Aug 16, 2024). RTBRISCOE has traded a total volume of 114 million shares—in 1,842 deals—valued at NGN 123 million over the period, with an average of 1.81 million traded shares per session. A volume high of 16.2 million was achieved on August 15th, and a low of 13,888 on June 5th, for the same period.
JBERGER • 130.00 0.00
The current share price of Julius Berger Nigeria Plc (JBERGER) is NGN 130.00. JBERGER closed its last trading day (Friday, August 16, 2024) at 130.00 NGN per share on the Nigerian Stock Exchange (NGX). Julius Berger began the year with a share price of 43.00 NGN and has since gained 202% 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 49% over the past four-week period alone—fourth best on NGX.
Julius Berger Nigeria is the 57th most traded stock on the Nigerian Stock Exchange over the past three months (May 17 – Aug 16, 2024). JBERGER has traded a total volume of 63.2 million shares—in 5,132 deals—valued at NGN 6.15 billion over the period, with an average of 1 million traded shares per session. A volume high of 17.6 million was achieved on May 23rd, and a low of 12,252 on July 11th, for the same period.
TOTAL • 511.90 0.00
The current share price of Total Nigeria (TOTAL) is NGN 511.90. TOTAL closed its last trading day (Friday, August 16, 2024) at 511.90 NGN per share on the Nigerian Stock Exchange (NGX). Total began the year with a share price of 385.00 NGN and has since gained 33% on that price valuation, ranking it 29th on the NGX in terms of year-to-date performance. Shareholders can be optimistic about TOTAL knowing the stock has accrued 32% over the past four-week period alone—sixth best on NGX.
Total Nigeria is the 105th most traded stock on the Nigerian Stock Exchange over the past three months (May 17 – Aug 16, 2024). TOTAL has traded a total volume of 3.48 million shares—in 2,732 deals—valued at NGN 1.46 billion over the period, with an average of 55,183 traded shares per session. A volume high of 463,079 was achieved on June 11th, and a low of 624 on June 6th, for the same period.
By: Babajide Okeowo
The post RT Briscoe,Julius Berger, Total, Oando, others top list of stocks to watch this week appeared first on Latest Nigeria News | Top Stories from Naomisophyblog.
