VFD, Prudential Africa, Dicon Union, Livestock Feed emerged as the top stock to watch this week

Investors in the Nigerian equity market lost the N110 billion at the close of trading last week.

The market opened for three days of trading last week because the Federal government stated March 31 and April 1 as a public holiday to mark the celebration of Eid al -Fitr this year.

Market capitalization fell to N66.1 trillion from N66.2 trillion while the All-Share Index (ASI) depreciated 0.14% to close the week with 105,511.89 points from 104,962.96 points recorded the previous week.

In the midst of the bearish trend, shares such as VFD, African Prudential Insurance, Dicon Union, and Livestock Feed still recorded strong performance to position themselves as shares to be watched on new weeks.

Note that Nigeria’s ripple stock to watch is not a recommendation to buy, sell, or hold. So, it is best to consult your financial advisor before making an investment decision.

Animal Feed • 7.92 ▴ 0.72 (10%)

The current price of livestock (livestock) is NGN 7.92. Livestock closed its final trading day (Friday, April 4, 2025) at 7.92 NGN per share on the Nigeria Stock Exchange (NGX), recorded a 10% increase from the previous closing price of 7.20 NGN. Livestock feeds began in the year with a stock price of 4.12 NGN and since then rose 92.2% of the price assessment, the sixth ranking in NGX in terms of year-to-date performance. Shareholders can be optimistic about livestock, knowing that shares have produced 9% over the last four weeks of the best in NGX.

Also read: CBN Moves To Stabilize the Forex Market With $ 197.7 Million

The livestock feed is the 28th stock that is most traded in the Nigerian stock exchange over the past three months (6 Jan – 4 April 2025). Livestock have traded a total volume of 334 million shares – in 12,257 offers – assessed at NGN 2.33 billion during that period, with an average of 5.3 million shares traded per session. The highest volume of 16.8 million was achieved on January 15, and the lowest 829,987 on January 8, for the same period.

VFD Group • 57.00 ▴ 5.10 (9.83%)

The current stock price of the VFD Group (VFDGroup) is NGN 57.00. VFDGroup closed its final trading day (Friday, April 4, 2025) at 57.00 NGN per share on the Nigeria Stock Exchange (NGX), recorded an increase of 9.8% of the previous closing price of 51.90 NGN. VFD started the year with a stock price of 44.40 NGN and since then it rose 28.4% of the price assessment, its 23rd rating in NGX in terms of performance-to-date. Shareholders can be optimistic about VFDgroup, knowing that shares have produced 9% over the last four weeks of the best in NGX.

VFD Group is the 97th stock most traded on the Nigerian stock exchange over the past three months (6 Jan – 4 Apr, 2025). VFD Group has traded a total volume of 13.9 million shares – in 2,126 offers – assessed at NGN 670 million during that period, with an average of 220,140 shares traded per session. The highest volume of 1.06 million was achieved on April 4, and the lowest 1,427 on March 24, for the same period. The table below detailed the last 10 days of trading VFD activity on the Nigeria Stock Exchange.

Union Dicon • 5.80 ▴ 0.50 (9.43%)

The current stock price of Union Dicon Salt (Union Dicon) is NGN 5.80. Unidicon closed its final trading day (Friday, April 4, 2025) at 5.80 NGN per share on the Nigeria Stock Exchange (NGX), recorded an increase of 9.4% of the previous closing price of 5.30 NGN. Union Dicon Salt started the year with a stock price of 7.20 NGN but since then lost 19.4% of the price assessment, its 133rd rank in NGX in terms of performance-to-date. The fear of shareholders may be eliminated with an 18% increase in Uniondicon’s share price since March 5, which is the ninth best in NGX.

Union Dicon Salt is the 105th stock that is most traded in the Nigerian stock exchange over the past three months (6 Jan – 4 Apr, 2025). Unidicon has traded a total volume of 8.33 million shares – in 393 agreements – assessed in NGN 53.1 million during that period, with an average of 132,235 shares traded per session. The highest volume of 2.14 million was achieved on February 20 for the same period.

Prudential Africa • 15.10 ▾ 0.65 (4.13%)

The current stock price of Africa Prudential PLC (Afriprud) is NGN 15.10. Afriprud closed its final trading day (Friday, April 4, 2025) at 15.10 NGN per share on the Nigeria Stock Exchange (NGX), recorded a decline of 4.1% of the previous closing price of 15.75 NGN. Africa Prudential started this year with a stock price of 20.55 NGN but since then lost 26.5% of the price assessment, its 143rd rating in NGX in terms of performance-to-date. Shareholders’ concerns are exacerbated by the fact that Afriprud has lost 46% of the value of shares from March 5 to date.

Africa Prudential is the 36th stock most traded on the Nigerian stock exchange over the past three months (6 Jan – 4 April 2025). Afriprud has traded a total volume of 223 million shares – in 14,263 agreements – assessed at NGN 6.54 billion during that period, with an average of 3.54 million shares traded per session. The highest volume of 23.3 million was achieved on March 10, and the lowest 747,262 on January 30, for the same period.

By: Babajide Okeowo

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