Airtel Africa, Access Corp, UCAP, NAHCO and others are among the top stocks to watch this week

Investors enjoyed positive moves last week following strong performances from stocks such as Airtel Africa Access Corp UCAP, and NAHCO among others.

Nigerian equity markets rallied in four out of five trading sessions as the benchmark All Share Index (ASI) rose +0.87% to close at 100,539.40 points from 99,671.28 points in the previous week.

Investors gained N320.84 billion as market capitalization rose to N56.9 trillion from N56.4 trillion in the previous week.

Please note that Ripples Nigeria Stocks To Watch is not a buy, sell or hold recommendation. You should consult your financial advisor before making any investment decisions.

ACCESSCORP • 19.40 0.00

The current share price of Access Holdings Plc (ACCESSCORP) is NGN 19.40. ACCESSCORP closed its last trading day (Friday, July 19, 2024) at NGN 19.40 per share on the Nigerian Stock Exchange (NGX). Access started the year at NGN 23.15 but has since fallen 16.2% from that price valuation, ranking it 131st on the NGX in terms of year-to-date performance.

Access Holdings was the second most traded stock on the Nigerian Stock Exchange over the past three months (April 18 – July 19, 2024). ACCESSCORP traded a total volume of 2.57 billion shares—in 43,925 deals—valued at NGN 45.5 billion during the period, with an average of 40.8 million shares traded per session. The highest volume of 201 million was reached on May 20, and the lowest was 5.82 million on June 21, for the same period.

AIRTELAFRI • 2,200.00 0.00

The current share price of Airtel Africa Plc (AIRTELAFRI) is NGN 2,200.00. AIRTELAFRI closed its last trading day (Friday, July 19, 2024) at NGN 2,200.00 per share on the Nigerian Stock Exchange (NGX). Airtel Africa started the year at NGN 1,887.00 and has since risen 16.6% from that price valuation, ranking it 46th on the NGX in terms of year-to-date performance.

ALSO READ: Airtel Africa, WAPCO, Dangote Sugar top the list of stocks to watch this week

Airtel Africa was the 99th most traded stock on the Nigerian Stock Exchange for the past three months (April 18 – July 19, 2024). AIRTELAFRI traded a total volume of 6.43 million shares—in 1,560 deals—valued at NGN 13.7 billion during the period, with an average of 102,069 shares traded per session. The highest volume of 1.98 million was reached on May 17, and the lowest was 65 on June 28, for the same period.

NAHCO • 39.40 ▴ 1.30 (3.41%)

The current share price of Nigerian Aviation Handling Co. (NAHCO) is NGN 39.40. NAHCO closed its last trading day (Friday, July 19, 2024) at NGN 39.40 per share on the Nigerian Stock Exchange (NGX), registering a 3.4% increase from its previous closing price of NGN 38.10. Nigerian Aviation Handling started the year at NGN 25.40 and has since gained 55.1% from that price valuation, ranking it 17th on the NGX in terms of year-to-date performance. Shareholders can be optimistic about NAHCO as the stock has risen 19% over the past four-week period—the 11th best performer on the NGX.

Nigerian Aviation Handling Co. was the 56th most traded stock on the Nigerian Stock Exchange over the past three months (April 18 – July 19, 2024). NAHCO traded a total volume of 64.9 million shares—in 4,729 trades—valued at NGN 2.15 billion during the period, with an average of 1.03 million shares traded per session. The highest volume of 5.55 million was reached on April 24, and the lowest volume of 118,783 was reached on June 4, for the same period.

UCAP • 40.55 ▴ 0.65

The current share price of United Capital Plc (UCAP) is NGN 40.55. UCAP closed its last trading day (Friday, July 19, 2024) at NGN 40.55 per share on the Nigerian Stock Exchange (NGX), up 1.6% from its previous closing price of NGN 39.90. United Capital started the year at NGN 23.00 and has since gained 76.3% from that valuation, ranking it 11th on the NGX in terms of year-to-date performance. Shareholders can be optimistic about UCAP knowing that the stock has gained a whopping 86% in the last four weeks alone—the best on the NGX.

United Capital was the 18th most traded stock on the Nigerian Stock Exchange for the past three months (April 18 – July 19, 2024). UCAP traded a total volume of 424 million shares—in 13,704 deals—valued at NGN 11.3 billion during the period, with an average of 6.72 million shares traded per session. The highest volume of 56.8 million was reached on July 19, and the lowest was 633,741 on May 20, for the same period.

By: Babajide Okeowo

The post Airtel Africa, Access Corp, UCAP, NAHCO others top the list of stocks to watch this week appeared first on Latest Nigeria News | Headlines from Ripples Nigeria.