The Nigerian equities market enjoyed a massive profit-making trading week last week, raking in a massive N1.711 trillion profit for investors in five days.
The market recorded gains in three trading sessions, losses in two trading sessions as the market capitalisation increased to N70.463 trillion from the N68.752 trillion recorded the previous week while the All-Share Index (ASI) appreciated by 2.49% to close the week at 111,742.01 points from the 109,028.62 points recorded the previous week.
The bullish run was propelled by strong showing from stocks like University Press Plc (UPL), Red Star Express Plc (REDSTAREX) and Omatek Ventures Plc (OMATEK) to secure their places amongst the top ten best-performing stocks last week, positioning themselves as stocks to watch in the new week.
Kindly note that Ripples Nigeria Stocks To Watch is not a buy, sell or hold recommendation. It is advisable to consult your financial advisor before making any investment decision.
OMATEK • 0.78 ▴ 0.07 (9.86%)
The current share price of Omatek Ventures (OMATEK) is N0.78. OMATEK closed its last trading day (Friday, May 30, 2025) at N0.78 per share on the Nigerian Stock Exchange (NGX), recording a 9.9% gain over its previous closing price of N0.71. Omatek Ventures began the year with a share price of 0.73 NGN and has since gained 6.85% on that price valuation, ranking it 69th on the NGX in terms of year-to-date performance. Shareholders can be optimistic about OMATEK knowing the stock has accrued 22% over the past four-week period alone—23rd best on NGX.
Omatek Ventures is the 55th most traded stock on the Nigerian Stock Exchange over the past three months (Feb 26 – May 30, 2025). OMATEK has traded a total volume of 97.2 million shares—in 2,174 deals—valued at N64.2 million over the period, with an average of 1.54 million traded shares per session. A volume high of 6.42 million was achieved on April 10th, and a low of 122,707 on May 7th, for the same period.
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REDSTAREX • 8.32 ▴ 0.73 (9.62%)
The current share price of Red Star Express Plc (REDSTAREX) is N8.32. REDSTAREX closed its last trading day (Friday, May 30, 2025) at N8.32 per share on the Nigerian Stock Exchange (NGX), recording a 9.6% gain over its previous closing price of N7.59. Red Star Express began the year with a share price of N4.41 and has since gained 88.7% on that price valuation, ranking it 14th on the NGX in terms of year-to-date performance. Shareholders can be optimistic about REDSTAREX knowing the stock has accrued an outstanding 65% over the past four-week period alone—fourth best on NGX.
Red Star Express is the 95th most traded stock on the Nigerian Stock Exchange over the past three months (Feb 26 – May 30, 2025). REDSTAREX has traded a total volume of 14.7 million shares—in 1,137 deals—valued at N85.2 million over the period, with an average of 233,908 traded shares per session. A volume high of 1.48 million was achieved on March 21st for the same period.
UPL • 5.90 ▾ 0.27 (4.38%)
The current share price of University Press (UPL) is N5.90. UPL closed its last trading day (Friday, May 30, 2025) at N5.90 per share on the Nigerian Stock Exchange (NGX), recording a 4.4% drop from its previous closing price of N6.17. University Press began the year with a share price of N3.85 and has since gained 53.3% on that price valuation, ranking it 30th on the NGX in terms of year-to-date performance. Shareholders can be optimistic about UPL knowing the stock has accrued 44% over the past four-week period alone—10th best on NGX.
University Press is the 76th most traded stock on the Nigerian Stock Exchange over the past three months (Feb 26 – May 30, 2025). UPL has traded a total volume of 47.1 million shares—in 1,557 deals—valued at N205 million over the period, with an average of 747,867 traded shares per session. A volume high of 5.88 million was achieved on May 14th, and a low of 9,654 on March 3rd, for the same period.
By: Babajide Okeowo
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