Zenith Bank, UBA, AccessCorp, Total list of top stocks to watch this week

Zenith Bank, United Bank for Africa (UBA), AccessCorp and Total Plc top the list of stocks to watch when markets open after Eid on Wednesday.

This follows their impressive performance last week with the Nigerian stock market closing the week on a positive note, recording three gains in four trading sessions.

During the period, investors earned N398.4 billion as market capitalization rose to N56.5 trillion from N56.4 trillion recorded in the previous week as YTD returns reached +33.64%.

Likewise, the benchmark All-Share Index (ASI) rose +0.71% to close at 99,925.29 points from 99,221.14 points in the previous week.

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

ZENITH BANK • 36.00 0.00

The current share price of Zenith Bank is N36.00.

ZENITH BANK closed its last trading day (Friday, 14 June 2024) at 36.00 NGN per share on the Nigerian Stock Exchange (NGX). Zenith started the year with a share price of 38.65 NGN but has since lost 6.86% of that price valuation, ranking it 118th on NGX in terms of year-to-date performance. Shareholder concerns may be allayed by ZENITH BANK’s 11% share price increase since May 16, which is the 25th best on the NGX.

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Zenith Bank was the fifth most traded stock on the Nigerian Stock Exchange over the last three months (11 March – 14 June 2024). ZENITHBANK has traded a total volume of 2 billion shares—in 36,848 transactions—worth NGN 75.1 billion during the period, with an average of 31.7 million shares traded per session. The highest volume of 162 million was reached on April 4, and the lowest volume was 4.86 million on May 17, for the same period.

ACCESS CORP • 18.65 ▾ 0.35 (1.84%)

The current share price of Access Holdings Plc (ACCESSCORP) is NGN 18.65. ACCESS CORP closed its last trading day (Friday, 14 June 2024) at 18.65 NGN per share on the Nigerian Stock Exchange (NGX), recording a 1.8% decline from the previous closing price of 19.00 NGN. Access started the year with a share price of 23.15 NGN but has since lost 19.4% of that price valuation, ranking it 139th on NGX in terms of year-to-date performance. Shareholder concerns may have been alleviated by ACCESSCORP’s 10% share price increase since May 16, which is the 26th best ranking on NGX.

Access Holdings was the #1 most traded stock on the Nigerian Stock Exchange over the last three months (11 March – 14 June 2024). ACCESSCORP has traded a total volume of 3.01 billion shares—in 47,201 transactions—worth NGN 56.9 billion during the period, with an average of 47.7 million shares traded per session. The highest volume of 201 million was reached on May 20, and the lowest was 8.27 million on June 5, for the same period.

UBA • 22.35 ▾ 0.65 (2.83%)

The current share price of United Bank for Africa (UBA) is NGN 22.35. UBA closed its last trading day (Friday, 14 June 2024) at 22.35 NGN per share on the Nigerian Stock Exchange (NGX), recording a 2.8% decline from the previous closing price of 23.00 NGN. United Bank for Africa started the year with a share price of 25.65 NGN but has since lost 12.9% of that valuation, ranking it 127th on NGX in terms of year-to-date performance. Shareholder concerns may be allayed by UBA’s share price rise of 7% since May 16, which is the 37th best ranking on NGX.

United Bank for Africa was the third most traded stock on the Nigerian Stock Exchange over the last three months (11 March – 14 June 2024). UBA has traded a total volume of 2.37 billion shares—in 39,874 transactions—worth NGN 58.6 billion during the period, with an average of 37.6 million shares traded per session. The highest volume of 149 million was reached on April 12, and the lowest was 5.63 million on May 17, for the same period.

TOTAL • 388.90 0.00

The current share price of Total Nigeria (TOTAL) is NGN 388.90. TOTAL closed its last trading day (Friday, 14 June 2024) at 388.90 NGN per share on the Nigerian Stock Exchange (NGX). Total started the year with a share price of 385.00 NGN and has since risen 1.01% based on that price assessment, ranking it 66th on NGX in terms of year-to-date performance. Shareholders can feel optimistic about TOTAL knowing that the stock has risen 21% over the last four-week period alone—10th best on NGX.

Total Nigeria was the 104th most traded stock on the Nigerian Stock Exchange over the last three months (11 March – 14 June 2024). TOTAL has traded a total volume of 3.13 million shares—across 2,580 transactions—worth NGN 1.09 billion during the period, with an average of 49,725 shares traded per session. The highest volume of 463,079 was reached on June 11, and the lowest was 624 on June 6, for the same period.

By: Babajide Okeowo

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