The Nigerian equities market rebounded from last week’s massive N1.45 trillion loss as investors rallied to gain N794 billion on the trading floor last week.
The bourse recorded gains in three of the five trading days as market capitalization increased to N63.6 trillion from the N62.8 trillion recorded the previous week.
Similarly, the All-Share Index (ASI) depreciated by 1.22% to close the week at 103,598.30 points from the 102,353.68 points recorded the previous week.
The market performance was buoyed by strong showings from stocks like SCOA, CHELLARAM, UPDC, and Guinness 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.
GUINNESS • 77.00 ▴ 7.00 (10%)
The current share price of Guinness Nigeria (GUINNESS) is NGN 77.00. GUINNESS closed its last trading day (Friday, January 24, 2025) at 77.00 NGN per share on the Nigerian Stock Exchange (NGX), recording a 10% gain over its previous closing price of 70.00 NGN. Guinness began the year with a share price of 70.25 NGN and has since gained 9.61% on that price valuation, ranking it 44th on the NGX in terms of year-to-date performance. Shareholders can be optimistic about GUINNESS knowing the stock has accrued 15% over the past four-week period—42nd best on NGX.
Guinness Nigeria is the 77th most traded stock on the Nigerian Stock Exchange over the past three months (Oct 25, 2024 – Jan 24, 2025). GUINNESS has traded a total volume of 38.3 million shares—in 2,371 deals—valued at NGN 2.49 billion over the period, with an average of 608,233 traded shares per session. A volume high of 6.17 million was achieved on December 12th, and a low of 6,058 on December 6th, for the same period.
SCOA • 3.96 ▴ 0.36 (10%)
The current share price of SCOA Nigeria (SCOA) is NGN 3.96. SCOA closed its last trading day (Friday, January 24, 2025) at 3.96 NGN per share on the Nigerian Stock Exchange (NGX), recording a 10% gain over its previous closing price of 3.60 NGN. SCOA began the year with a share price of 2.06 NGN and has since gained 92.2% on that price valuation, ranking it first on the NGX in terms of year-to-date performance.
SCOA Nigeria is the 111th most traded stock on the Nigerian Stock Exchange over the past three months (Oct 25, 2024 – Jan 24, 2025). SCOA has traded a total volume of 6.74 million shares—in 214 deals—valued at NGN 17.6 million over the period, with an average of 106,978 traded shares per session. A volume high of 2.34 million was achieved on January 14th for the same period.
UPDC • 2.00 0.00
The current share price of UPDC Plc (UPDC) is NGN 2.00. UPDC closed its last trading day (Friday, January 24, 2025) at 2.00 NGN per share on the Nigerian Stock Exchange (NGX). UPDC began the year with a share price of 1.59 NGN and has since gained 25.8% on that price valuation, ranking it 13th on the NGX in terms of year-to-date performance. Shareholders can be optimistic about UPDC knowing the stock has accrued 33% over the past four-week period alone—14th best on NGX.
UPDC is the 40th most traded stock on the Nigerian Stock Exchange over the past three months (Oct 25, 2024 – Jan 24, 2025). UPDC has traded a total volume of 231 million shares—in 3,619 deals—valued at NGN 377 million over the period, with an average of 3.67 million traded shares per session. A volume high of 14.6 million was achieved on December 4th, and a low of 348,895 on November 20th, for the same period.
CHELLARAM • 4.07 ▴ 0.37 (10%)
The current share price of Chellarams Plc (CHELLARAM) is NGN 4.07. CHELLARAM closed its last trading day (Friday, January 24, 2025) at 4.07 NGN per share on the Nigerian Stock Exchange (NGX), recording a 10% gain over its previous closing price of 3.70 NGN. Chellarams began the year with a share price of 3.70 NGN and has since gained 10% on that price valuation, ranking it 40th on the NGX in terms of year-to-date performance.
Chellarams is the 125th most traded stock on the Nigerian Stock Exchange over the past three months (Oct 25, 2024 – Jan 24, 2025). CHELLARAM has traded a total volume of 381,977 shares—in 54 deals—valued at NGN 1.49 million over the period, with an average of 6,063 traded shares per session. A volume high of 250,000 was achieved on January 24th for the same period.
By: Babajide Okeowo
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