The Nigerian equities market sustained the bullish trend recorded last week as investors gained N1.826 trillion on the trading floor of the Nigerian Xchange (NGX) in a near-perfect trading week.
The bourse recorded gains in four of the five trading days as market capitalization increased to capitalization increased to N67.418 trillion from N65.592 trillion recorded the previous week while the All-Share Index (ASI) also appreciated by 2.00% to close the week at 108,053.95 points from 105,933.03 points recorded the previous week.
The market performance was buoyed by strong showings from stocks like Honeywell, UPDC, VFD, ROYALEX amongst others on the bourse to position themselves as 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.
ROYALEX • 0.99 ▴ 0.09 (10%)
The current share price of Royal Exchange (ROYALEX) is NGN 0.99. ROYALEX closed its last trading day (Friday, February 14, 2025) at 0.99 NGN per share on the Nigerian Stock Exchange (NGX), recording a 10% gain over its previous closing price of 0.90 NGN. Royal Exchange began the year with a share price of 1.00 NGN but has since lost 1% off that price valuation, ranking it 129th on the NGX in terms of year-to-date performance. Shareholders’ fears may be allayed by the 11% increase of ROYALEX share price since January 17th, which is 39th best on NGX.
Royal Exchange is the 22nd most traded stock on the Nigerian Stock Exchange over the past three months (Nov 15, 2024 – Feb 14, 2025). ROYALEX has traded a total volume of 600 million shares—in 4,549 deals—valued at NGN 617 million over the period, with an average of 9.53 million traded shares per session. A volume high of 291 million was achieved on January 2nd, and a low of 200,660 on November 27th, for the same period.
VFDGROUP • 58.00 0.00
The current share price of VFD Group (VFDGROUP) is NGN 58.00. VFDGROUP closed its last trading day (Friday, February 14, 2025) at 58.00 NGN per share on the Nigerian Stock Exchange (NGX). VFD began the year with a share price of 44.40 NGN and has since gained 30.6% on that price valuation, ranking it 27th on the NGX in terms of year-to-date performance.
VFD Group is the 103rd most traded stock on the Nigerian Stock Exchange over the past three months (Nov 15, 2024 – Feb 14, 2025). VFDGROUP has traded a total volume of 13.3 million shares—in 1,836 deals—valued at NGN 589 million over the period, with an average of 210,748 traded shares per session. A volume high of 1.85 million was achieved on December 30th for the same period.
UPDC • 3.78 ▴ 0.34 (9.88%)
The current share price of UPDC Plc (UPDC) is NGN 3.78. UPDC closed its last trading day (Friday, February 14, 2025) at 3.78 NGN per share on the Nigerian Stock Exchange (NGX), recording a 9.9% gain over its previous closing price of 3.44 NGN. UPDC began the year with a share price of 1.59 NGN and has since gained 138% on that price valuation, ranking it first on the NGX in terms of year-to-date performance. Shareholders can be optimistic about UPDC knowing the stock has accrued an outstanding 125% over the past four-week period alone—best on NGX.
UPDC is the 30th most traded stock on the Nigerian Stock Exchange over the past three months (Nov 15, 2024 – Feb 14, 2025). UPDC has traded a total volume of 355 million shares—in 4,783 deals—valued at NGN 750 million over the period, with an average of 5.63 million traded shares per session. A volume high of 36.6 million was achieved on February 10th, and a low of 348,895 on November 20th, for the same period.
HONYFLOUR • 14.00 ▴ 0.08 (0.57%)
The current share price of Honeywell Flour Mill (HONYFLOUR) is NGN 14.00. HONYFLOUR closed its last trading day (Friday, February 14, 2025) at 14.00 NGN per share on the Nigerian Stock Exchange (NGX), recording a 0.6% gain over its previous closing price of 13.92 NGN. Honeywell Flour Mill began the year with a share price of 6.30 NGN and has since gained 122% on that price valuation, ranking it second on the NGX in terms of year-to-date performance. Shareholders can be optimistic about HONYFLOUR knowing the stock has accrued 41% over the past four-week period alone—ninth best on NGX.
Honeywell Flour Mill is the 27th most traded stock on the Nigerian Stock Exchange over the past three months (Nov 15, 2024 – Feb 14, 2025). HONYFLOUR has traded a total volume of 401 million shares—in 13,034 deals—valued at NGN 3.46 billion over the period, with an average of 6.36 million traded shares per session. A volume high of 24.8 million was achieved on January 10th, and a low of 419,860 on December 10th, for the same period.
By: Babajide Okeowo
