Presco, Total, Okomu Oil, Oando, others top list of stocks to watch this week

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It was a missed results in the Nigerian equities market in the first trading for August.
The bourse lost in three of the five trading sessions as the benchmark All-Share Index (ASI) decreased by -0.46% to close the week at 97,745.73 points from 98,201.49 points the previous week.
Similarly, investors lost N107.7 billion as market capitalisation fell to N55.5 trillion from N55.6 trillion the previous week.
However, amidst the poor performance of the bourse, stocks like Presco, Total Plc, Okomu Oil and Oando still performed well, making them stocks to watch in the new 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.
TOTAL • 427.70 ▴ 38.80 (9.98%)
The current share price of Total Nigeria (TOTAL) is NGN 427.70. TOTAL closed its last trading day (Friday, August 2, 2024) at 427.70 NGN per share on the Nigerian Stock Exchange (NGX), recording a 10% gain over its previous closing price of 388.90 NGN. Total began the year with a share price of 385.00 NGN and has since gained 11.1% on that price valuation, ranking it 60th on the NGX in terms of year-to-date performance. Shareholders can be optimistic about TOTAL knowing the stock has accrued 10% over the past four-week period—16th best on NGX.
Total Nigeria is the 106th most traded stock on the Nigerian Stock Exchange over the past three months (May 3 – Aug 2, 2024). TOTAL has traded a total volume of 2.88 million shares—in 2,666 deals—valued at NGN 1.11 billion over the period, with an average of 45,638 traded shares per session. A volume high of 463,079 was achieved on June 11th, and a low of 624 on June 6th, for the same period.
READ ALSO:Airtel Africa, Access Corp, UCAP, NAHCO others top list of stocks to watch this week
OANDO • 25.30 ▴ 2.30 (10%)
The current share price of Oando Plc (OANDO) is NGN 25.30. OANDO closed its last trading day (Friday, August 2, 2024) at 25.30 NGN per share on the Nigerian Stock Exchange (NGX), recording a 10% gain over its previous closing price of 23.00 NGN. Oando began the year with a share price of 10.50 NGN and has since gained 141% on that price valuation, ranking it fifth on the NGX in terms of year-to-date performance. Shareholders can be optimistic about OANDO knowing the stock has accrued 49% over the past four-week period alone—best on NGX.
Oando is the 12th most traded stock on the Nigerian Stock Exchange over the past three months (May 3 – Aug 2, 2024). OANDO has traded a total volume of 820 million shares—in 19,194 deals—valued at NGN 13.5 billion over the period, with an average of 13 million traded shares per session. A volume high of 73 million was achieved on July 26th, and a low of 1.43 million on May 24th, for the same period.
PRESCO • 441.00 ▴ 28.00 (6.78%)
The current share price of Presco Plc (PRESCO) is NGN 441.00. PRESCO closed its last trading day (Friday, August 2, 2024) at 441.00 NGN per share on the Nigerian Stock Exchange (NGX), recording a 6.8% gain over its previous closing price of 413.00 NGN. Presco began the year with a share price of 193.00 NGN and has since gained 129% on that price valuation, ranking it sixth on the NGX in terms of year-to-date performance. Shareholders can be optimistic about PRESCO knowing the stock has accrued 25% over the past four-week period alone—seventh best on NGX.
Presco is the 81st most traded stock on the Nigerian Stock Exchange over the past three months (May 3 – Aug 2, 2024). PRESCO has traded a total volume of 23.9 million shares—in 6,118 deals—valued at NGN 7.6 billion over the period, with an average of 380,033 traded shares per session. A volume high of 3.09 million was achieved on May 6th, and a low of 8,829 on May 17th, for the same period.
OKOMUOIL • 321.20 ▴ 29.20 (10%)
The current share price of Okomu Oil Palm (OKOMUOIL) is NGN 321.20. OKOMUOIL closed its last trading day (Friday, August 2, 2024) at 321.20 NGN per share on the Nigerian Stock Exchange (NGX), recording a 10% gain over its previous closing price of 292.00 NGN. Okomu Oil Palm began the year with a share price of 260.00 NGN and has since gained 23.5% on that price valuation, ranking it 36th on the NGX in terms of year-to-date performance. Shareholders can be optimistic about OKOMUOIL knowing the stock has accrued 10% over the past four-week period—15th best on NGX.
Okomu Oil Palm is the 95th most traded stock on the Nigerian Stock Exchange over the past three months (May 3 – Aug 2, 2024). OKOMUOIL has traded a total volume of 6.77 million shares—in 3,636 deals—valued at NGN 1.89 billion over the period, with an average of 107,426 traded shares per session. A volume high of 600,334 was achieved on July 19th, and a low of 1,929 on August 1st, for the same period.
By: Babajide Okeowo
The post Presco, Total, Okomu Oil, Oando, others top list of stocks to watch this week appeared first on Latest Nigeria News | Top Stories from TVN.

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