The Nigerian equities market sustained the bullish trend recorded 14 days ago as investors gained N883.7 billion at the close of trading last week.
The bourse recorded gains in all the five trading days as market capitalization rose to N65.5 trillion from N64.709 trillion recorded the previous week.
Similarly, the All-Share Index (ASI) also appreciated by 1.38% to close the week at 105,933.03 points from 104,496.12 points recorded the previous week.
The market performance was buoyed by strong showings from stocks like UPDC, ETERNA, INTENEGINS, Cadbury Nigeria 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.
INTENEGINS • 2.50 0.00
The current share price of International Energy Insurance (INTENEGINS) is NGN 2.50. INTENEGINS closed its last trading day (Friday, February 7, 2025) at 2.50 NGN per share on the Nigerian Stock Exchange (NGX). International Energy began the year with a share price of 1.70 NGN and has since gained 47.1% on that price valuation, ranking it 10th on the NGX in terms of year-to-date performance. Shareholders can be optimistic about INTENEGINS knowing the stock has accrued 23% over the past four-week period alone—17th best on NGX.
International Energy Insurance is the 91st most traded stock on the Nigerian Stock Exchange over the past three months (Nov 8, 2024 – Feb 7, 2025). INTENEGINS has traded a total volume of 23.3 million shares—in 878 deals—valued at NGN 42.9 million over the period, with an average of 370,327 traded shares per session. A volume high of 3.76 million was achieved on January 2nd for the same period.
CADBURY • 29.35 ▴ 2.65 (9.93%)
The current share price of Cadbury Nigeria (CADBURY) is NGN 29.35. CADBURY closed its last trading day (Friday, February 7, 2025) at 29.35 NGN per share on the Nigerian Stock Exchange (NGX), recording a 9.9% gain over its previous closing price of 26.70 NGN. Cadbury began the year with a share price of 21.50 NGN and has since gained 36.5% on that price valuation, ranking it 16th on the NGX in terms of year-to-date performance. Shareholders can be optimistic about CADBURY knowing the stock has accrued 29% over the past four-week period alone—12th best on NGX.
Cadbury Nigeria is the 79th most traded stock on the Nigerian Stock Exchange over the past three months (Nov 8, 2024 – Feb 7, 2025). CADBURY has traded a total volume of 40.5 million shares—in 4,025 deals—valued at NGN 912 million over the period, with an average of 642,551 traded shares per session. A volume high of 5.2 million was achieved on February 7th, and a low of 40,278 on December 12th, for the same period.
ETERNA • 36.65 ▴ 3.30 (9.9%)
The current share price of Eterna Plc (ETERNA) is NGN 36.65. ETERNA closed its last trading day (Friday, February 7, 2025) at 36.65 NGN per share on the Nigerian Stock Exchange (NGX), recording a 9.9% gain over its previous closing price of 33.35 NGN. Eterna began the year with a share price of 24.30 NGN and has since gained 50.8% on that price valuation, ranking it eighth on the NGX in terms of year-to-date performance. Shareholders can be optimistic about ETERNA knowing the stock has accrued 37% over the past four-week period alone—eighth best on NGX.
Eterna is the 67th most traded stock on the Nigerian Stock Exchange over the past three months (Nov 8, 2024 – Feb 7, 2025). ETERNA has traded a total volume of 72.9 million shares—in 5,820 deals—valued at NGN 2.02 billion over the period, with an average of 1.16 million traded shares per session. A volume high of 7.24 million was achieved on February 7th, and a low of 70,986 on November 14th, for the same period.
UPDC • 2.59 ▴ 0.23 (9.75%)
The current share price of UPDC Plc (UPDC) is NGN 2.59. UPDC closed its last trading day (Friday, February 7, 2025) at 2.59 NGN per share on the Nigerian Stock Exchange (NGX), recording a 9.7% gain over its previous closing price of 2.36 NGN. UPDC began the year with a share price of 1.59 NGN and has since gained 62.9% on that price valuation, ranking it fourth on the NGX in terms of year-to-date performance. Shareholders can be optimistic about UPDC knowing the stock has accrued 40% over the past four-week period alone—seventh best on NGX.
UPDC is the 36th most traded stock on the Nigerian Stock Exchange over the past three months (Nov 8, 2024 – Feb 7, 2025). UPDC has traded a total volume of 274 million shares—in 3,882 deals—valued at NGN 492 million over the period, with an average of 4.34 million traded shares per session. A volume high of 23.6 million was achieved on February 6th, and a low of 348,895 on November 20th, for the same period.
By: Babajide Okeowo
