Airtel Africa, Access Corp, UCAP, NAHCO others top list of stocks to watch this week

Investors enjoyed a positive run last week following strong performances from stocks like Airtel Africa Access Corp UCAP, and NAHCO amongst others.
The Nigerian equities market gained in four of the five trading sessions as the benchmark All-Share Index (ASI) increased by +0.87% to close at 100,539.40 points from 99,671.28 points the previous week.
Investors gained N320.84 billion as market capitalisation rose to N56.9 trillion from N56.4 trillion in the previous week.
Kindly note that TVN Stocks To Watch is not a buy, sell or hold recommendation. It is advisable to consult your financial advisor before making any investment decision.
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 19.40 NGN per share on the Nigerian Stock Exchange (NGX). Access began the year with a share price of 23.15 NGN but has since lost 16.2% off that price valuation, ranking it 131st on the NGX in terms of year-to-date performance.
Access Holdings is the second most traded stock on the Nigerian Stock Exchange over the past three months (Apr 18 – Jul 19, 2024). ACCESSCORP has traded a total volume of 2.57 billion shares—in 43,925 deals—valued at NGN 45.5 billion over the period, with an average of 40.8 million traded shares per session. A volume high of 201 million was achieved on May 20th, and a low of 5.82 million on June 21st, 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 2,200.00 NGN per share on the Nigerian Stock Exchange (NGX). Airtel Africa began the year with a share price of 1,887.00 NGN and has since gained 16.6% on that price valuation, ranking it 46th on the NGX in terms of year-to-date performance.
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Airtel Africa is the 99th most traded stock on the Nigerian Stock Exchange over the past three months (Apr 18 – Jul 19, 2024). AIRTELAFRI has traded a total volume of 6.43 million shares—in 1,560 deals—valued at NGN 13.7 billion over the period, with an average of 102,069 traded shares per session. A volume high of 1.98 million was achieved on May 17th, and a low of 65 on June 28th, 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 39.40 NGN per share on the Nigerian Stock Exchange (NGX), recording a 3.4% gain over its previous closing price of 38.10 NGN. Nigerian Aviation Handling began the year with a share price of 25.40 NGN and has since gained 55.1% on that price valuation, ranking it 17th on the NGX in terms of year-to-date performance. Shareholders can be optimistic about NAHCO knowing the stock has accrued 19% over the past four-week period—11th best on NGX.
Nigerian Aviation Handling Co. is the 56th most traded stock on the Nigerian Stock Exchange over the past three months (Apr 18 – Jul 19, 2024). NAHCO has traded a total volume of 64.9 million shares—in 4,729 deals—valued at NGN 2.15 billion over the period, with an average of 1.03 million traded shares per session. A volume high of 5.55 million was achieved on April 24th, and a low of 118,783 on June 4th, 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 40.55 NGN per share on the Nigerian Stock Exchange (NGX), recording a 1.6% gain over its previous closing price of 39.90 NGN. United Capital began the year with a share price of 23.00 NGN and has since gained 76.3% on that price valuation, ranking it 11th on the NGX in terms of year-to-date performance. Shareholders can be optimistic about UCAP knowing the stock has accrued an outstanding 86% over the past four-week period alone—best on NGX.
United Capital is the 18th most traded stock on the Nigerian Stock Exchange over the past three months (Apr 18 – Jul 19, 2024). UCAP has traded a total volume of 424 million shares—in 13,704 deals—valued at NGN 11.3 billion over the period, with an average of 6.72 million traded shares per session. A volume high of 56.8 million was achieved on July 19th, and a low of 633,741 on May 20th, for the same period.
By: Babajide Okeowo
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