Exciting Stocks to Watch Out for This Week on the NGX
This week, the Nigerian Xchange (NGX) has presented an intriguing array of stocks worthy of attention, with MeCure, Multiverse, UnityBank, Nsltech, and Deapcap emerging as frontrunners. These stocks have played a pivotal role in steering the performance of the equities market, which has witnessed an impressive nine consecutive gains in the last fortnight, with only a solitary decline. Ripples Nigeria’s stocks watchlist is a meticulously curated compilation of stocks that are vigilantly monitored for prospective trading or investment opportunities. It is imperative to note that this watchlist does not constitute a buy, sell, or hold recommendation. It is prudent to solicit guidance from a financial advisor before making any investment decisions.
MeCure Industries (MECURE) is presently valued at NGN 9.21, reflecting a 9.9% gain over its prior closing price. It has exhibited notable success since its IPO day, boasting a remarkable 211% gain in its year-to-date performance.
Multiverse Mining & Exploration (MULTIVERSE) has also demonstrated substantial growth, concluding at NGN 5.81 with a 9.8% gain. The stock has proven to be a robust performer, achieving a 46% increase from its initial share price and an impressive 82% gain over the past four weeks.
Unity Bank (UNITYBNK) has encountered significant expansion, finishing at NGN 1.84 with an 8.9% gain. It has witnessed a remarkable 235% increase from its initial share price, positioning it as a promising stock for shareholders.
Secure Electronic Technology (NSLTECH) concluded at NGN 0.55 with a 10% gain, representing a 150% increase from its initial share price. The stock has also demonstrated exceptional growth, with a 104% gain over the past four weeks.
Deap Capital Management & Trust (DEAPCAP) completed at NGN 0.73 with a 9% gain, recording an impressive 265% increase from its initial share price and an outstanding 192% gain over the past four weeks.
Overall, these stocks have not only showcased substantial growth but have also influenced the performance of the equities market. Investors are advised to contemplate the potential opportunities presented by these stocks while procuring professional financial advice for informed decision-making.
