Investors in the Nigerian equities market endured topsy-turvy trading sessions last week and lost N118 billion in the process.
This followed the crash in the equity capitalization from N59.03 trillion to N58.92 trillion at the close of the week.
The bourse recorded gains in three of the five trading sessions last week but still ended up with a deficit of N118.22 billion.
The bourse depreciated by 0.20% to close the week at 97,236.19 from 98,070.28 points recorded the previous week.
Despite the lull, there were still strong performances from stocks like Eunisell Interlinked Plc, John Holt Plc, Conoil and others making them 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.
EUNISELL • 8.20 0.00
The current share price of Eunisell Interlinked Plc (EUNISELL) is NGN 8.20. EUNISELL closed its last trading day (Friday, November 8, 2024) at 8.20 NGN per share on the Nigerian Stock Exchange (NGX). Eunisell Interlinked began the year with a share price of 3.20 NGN and has since gained 156% on that price valuation, ranking it 10th on the NGX in terms of year-to-date performance. Shareholders can be optimistic about EUNISELL knowing the stock has accrued an outstanding 183% over the past four-week period alone—second best on NGX.
Eunisell Interlinked is the 99th most traded stock on the Nigerian Stock Exchange over the past three months (Aug 12 – Nov 8, 2024). EUNISELL has traded a total volume of 9.41 million shares—in 232 deals—valued at NGN 42.9 million over the period, with an average of 149,433 traded shares per session. A volume high of 3.04 million was achieved on November 4th for the same period.
ARADEL • 485.30 ▴ 44.10 (10%)
The current share price of Aradel Holdings (ARADEL) is NGN 485.30. ARADEL closed its last trading day (Friday, November 8, 2024) at 485.30 NGN per share on the Nigerian Stock Exchange (NGX), recording a 10% gain over its previous closing price of 441.20 NGN. Aradel closed its IPO day (October 14, 2024) with a share price of 772.90 NGN but has since lost 37.2% off that price valuation, ranking it 148th on the NGX in terms of year-to-date performance.
Aradel Holdings is the 25th most traded stock on the Nigerian Stock Exchange over the past week (Nov 1 – Nov 8, 2024). ARADEL has traded a total volume of 19 million shares—in 4,274 deals—valued at NGN 8.13 billion over the period, with an average of 3.17 million traded shares per session. A volume high of 5.15 million was achieved on November 1st, and a low of 1.28 million on November 7th, for the same period.
JOHNHOLT • 4.81 ▴ 0.43 (9.82%)
The current share price of John Holt Plc (JOHNHOLT) is NGN 4.81. JOHNHOLT closed its last trading day (Friday, November 8, 2024) at 4.81 NGN per share on the Nigerian Stock Exchange (NGX), recording a 9.8% gain over its previous closing price of 4.38 NGN. John Holt began the year with a share price of 2.32 NGN and has since gained 107% on that price valuation, ranking it 14th on the NGX in terms of year-to-date performance. Shareholders can be optimistic about JOHNHOLT knowing the stock has accrued an outstanding 58% over the past four-week period alone—third best on NGX.
John Holt is the 101st most traded stock on the Nigerian Stock Exchange over the past three months (Aug 12 – Nov 8, 2024). JOHNHOLT has traded a total volume of 9.16 million shares—in 691 deals—valued at NGN 30.6 million over the period, with an average of 145,370 traded shares per session. A volume high of 1.36 million was achieved on November 4th for the same period.
CONOIL • 260.00 ▴ 23.50 (9.94%)
The current share price of Conoil Plc (CONOIL) is NGN 260.00. CONOIL closed its last trading day (Friday, November 8, 2024) at 260.00 NGN per share on the Nigerian Stock Exchange (NGX), recording a 9.9% gain over its previous closing price of 236.50 NGN. Conoil began the year with a share price of 83.90 NGN and has since gained 210% on that price valuation, ranking it seventh on the NGX in terms of year-to-date performance. Shareholders can be optimistic about CONOIL knowing the stock has accrued an outstanding 55% over the past four-week period alone—fourth best on NGX.
Conoil is the 82nd most traded stock on the Nigerian Stock Exchange over the past three months (Aug 12 – Nov 8, 2024). CONOIL has traded a total volume of 19.7 million shares—in 3,575 deals—valued at NGN 3.46 billion over the period, with an average of 313,205 traded shares per session. A volume high of 2.65 million was achieved on October 17th, and a low of 1,114 on October 29th, for the same period.
By: Babajide Okeowo
