SOVRENINS, Julius Berger , Oando UACN, others top list of stocks to watch this week

As July inches closer to an end, investors endured a torrid time last week in the equities market.
The Nigerian equities market lost in four of the five trading sessions as the benchmark All-Share Index (ASI) dipped by fell -2.33% to close at 98,201.49 from 100,539.40 points the previous week.
Similarly, investors lost N1.32 trillion as market capitalisation fell to N55.61 trillion from N56.93 trillion the previous week.
However, amidst the poor performance of the bourse, stocks like SOVRENINS, Julius Berger, Oando and UACN 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.
SOVRENINS • 0.56 ▴ 0.01 (1.82%)
The current share price of Sovereign Trust Insurance (SOVRENINS) is NGN 0.56. SOVRENINS closed its last trading day (Friday, July 26, 2024) at 0.56 NGN per share on the Nigerian Stock Exchange (NGX), recording a 1.8% gain over its previous closing price of 0.55 NGN. Sovereign Trust began the year with a share price of 0.42 NGN and has since gained 33.3% on that price valuation, ranking it 25th on the NGX in terms of year-to-date performance. Shareholders can be optimistic about SOVRENINS knowing the stock has accrued 24% over the past four-week period alone—sixth best on NGX.
Sovereign Trust Insurance is the 48th most traded stock on the Nigerian Stock Exchange over the past three months (Apr 25 – Jul 26, 2024). SOVRENINS has traded a total volume of 83.6 million shares—in 1,163 deals—valued at NGN 37.8 million over the period, with an average of 1.33 million traded shares per session. A volume high of 7.57 million was achieved on June 11th, and a low of 17,113 on May 27th, for the same period.
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JBERGER • 97.00 ▴ 4.50 (4.86%)
The current share price of Julius Berger Nigeria Plc (JBERGER) is NGN 97.00. JBERGER closed its last trading day (Friday, July 26, 2024) at 97.00 NGN per share on the Nigerian Stock Exchange (NGX), recording a 4.9% gain over its previous closing price of 92.50 NGN. Julius Berger began the year with a share price of 43.00 NGN and has since gained 126% on that price valuation, ranking it fourth on the NGX in terms of year-to-date performance.
Julius Berger Nigeria is the 60th most traded stock on the Nigerian Stock Exchange over the past three months (Apr 25 – Jul 26, 2024). JBERGER has traded a total volume of 48.5 million shares—in 4,537 deals—valued at NGN 4.06 billion over the period, with an average of 769,251 traded shares per session. A volume high of 17.6 million was achieved on May 23rd, and a low of 12,252 on July 11th, for the same period.
OANDO • 20.35 ▴ 1.85 (10%)
The current share price of Oando Plc (OANDO) is NGN 20.35. OANDO closed its last trading day (Friday, July 26, 2024) at 20.35 NGN per share on the Nigerian Stock Exchange (NGX), recording a 10% gain over its previous closing price of 18.50 NGN. Oando began the year with a share price of 10.50 NGN and has since gained 93.8% on that price valuation, ranking it eighth on the NGX in terms of year-to-date performance. Shareholders can be optimistic about OANDO knowing the stock has accrued 36% over the past four-week period alone—second best on NGX.
Oando is the 15th most traded stock on the Nigerian Stock Exchange over the past three months (Apr 25 – Jul 26, 2024). OANDO has traded a total volume of 747 million shares—in 17,180 deals—valued at NGN 11.3 billion over the period, with an average of 11.9 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.
UACN • 15.80 ▾ 0.15 (0.94%)
The current share price of UAC of Nigeria (UACN) is NGN 15.80. UACN closed its last trading day (Friday, July 26, 2024) at 15.80 NGN per share on the Nigerian Stock Exchange (NGX), recording a 0.9% drop from its previous closing price of 15.95 NGN. UAC began the year with a share price of 12.85 NGN and has since gained 23% on that price valuation, ranking it 35th on the NGX in terms of year-to-date performance.
UAC of Nigeria is the 27th most traded stock on the Nigerian Stock Exchange over the past three months (Apr 25 – Jul 26, 2024). UACN has traded a total volume of 167 million shares—in 3,418 deals—valued at NGN 2.45 billion over the period, with an average of 2.65 million traded shares per session. A volume high of 46.4 million was achieved on June 27th, and a low of 34,930 on May 31st, for the same period.
By: Babajide Okeowo
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