GTCO, Transcorp, Guinness, Presco list the top stocks to watch this week

GTCO, Transcorp, Guinness, Presco top the list of stocks to watch in the new week as investors look to recover from N103 billion losses recorded during last week’s Eid holiday.

The benchmark All-Share Index (ASI) fell -0.18% to close at 99,743.05 points from 99,925.29 points in the previous week.

Likewise, investors in the equity market lost N103.3 billion as market capitalization fell to N56.42 trillion from N56.53 trillion in the previous week as the stock exchange strengthened in one of the three trading sessions this week but closed the week negative.

Please note that Nigerian Ripples Stocks to watch is not a buy, sell or hold recommendation. It is recommended to consult your financial advisor before making any investment decisions.

PRESCO • 359.00 0.00

The current share price of Presco Plc (PRESCO) is NGN 359.00. PRESCO closed its last trading day (Friday, 21 June 2024) at 359.00 NGN per share on the Nigerian Stock Exchange (NGX). Presco started the year with a share price of 193.00 NGN and has since gained 86% based on that price assessment, ranking it eighth on NGX in terms of year-to-date performance. Shareholders can be optimistic about PRESCO knowing that the stock has gained 34% over the last four-week period alone—fifth best on NGX.

Presco was the 80th most traded stock on the Nigerian Stock Exchange over the last three months (14 March – 21 June 2024). PRESCO has traded a total volume of 20 million shares—in 4,464 transactions—worth NGN 5.48 billion during the period, with an average of 317,040 shares traded per session. The highest volume of 3.09 million was reached on May 6, and the lowest volume was 574 on April 19, for the same period.

GUINNESS • 70.00 0.00

The current share price of Guinness Nigeria (GUINNESS) is NGN 70.00. GUINNESS closed its last trading day (Friday, 21 June 2024) at 70.00 NGN per share on the Nigerian Stock Exchange (NGX). Guinness started the year with a share price of 66.00 NGN and has since gained 6.06% based on that price assessment, ranking it 63rd on NGX in terms of year-to-date performance. Shareholders can feel optimistic about GUINNESS as its shares have risen 32% over the last four-week period alone—sixth best on NGX.

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Guinness Nigeria was the 40th most traded stock on the Nigerian Stock Exchange over the past three months (14 March – 21 June 2024). GUINNESS has traded a total volume of 92.9 million shares—across 4,246 transactions—worth NGN 4.73 billion during the period, with an average of 1.47 million shares traded per session. The highest volume of 19.6 million was reached on June 6, and the lowest volume was 43,330 on May 9, for the same period.

GTCO • 44.00 ▾ 0.90 (2%)

The current share price of Guaranty Trust Holding (GTCO) is NGN 44.00. GTCO closed its last trading day (Friday, 21 June 2024) at 44.00 NGN per share on the Nigerian Stock Exchange (NGX), recording a 2% decline from the previous closing price of 44.90 NGN. Guaranty Trust Holding started the year with a share price of 40.50 NGN and has since gained 8.64% based on that price assessment, ranking it 57th on NGX in terms of year-to-date performance. Shareholders can be optimistic about GTCO knowing that the stock has risen 12% over the last four-week period—28th best on NGX.

Guaranty Trust Holding was the fifth most traded stock on the Nigerian Stock Exchange over the last three months (14 March – 21 June 2024). GTCO has traded a total volume of 2.07 billion shares—in 28,449 transactions—worth NGN 86.3 billion during the period, with an average of 32.9 million shares traded per session. The highest volume of 245 million was reached on April 30, and the lowest volume was 3.57 million on May 20, for the same period.

TRANSPORT • 12.00 0.00

The current share price of Transcorp Nigeria (TRANSCORP) is NGN 12.00. TRANSCORP closed its last trading day (Friday, 21 June 2024) at 12.00 NGN per share on the Nigerian Stock Exchange (NGX). Transcorp started the year with a share price of 8.66 NGN and has since gained 38.6% based on that price assessment, ranking it 19th on the NGX in terms of year-to-date performance. Shareholders can be optimistic about TRANSCORP knowing that the stock has gained 8% over the last four-week period—43rd best on the NGX.

Transcorp Nigeria was the eighth most traded stock on the Nigerian Stock Exchange over the past three months (14 March – 21 June 2024). TRANSCORP has traded a total volume of 1.34 billion shares—in 26,496 transactions—worth NGN 17.9 billion during the period, with an average of 21.3 million shares traded per session. The highest volume of 126 million was reached on April 23, and the lowest was 3.28 million on May 31, for the same period.

By: Babajide Okeowo

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