By SpringNewsNG – March 3, 2025

The Nigerian equities market ended last week on a bearish note, as investors recorded a cumulative loss of ₦421 billion. The market capitalization dipped from ₦67.6 trillion to ₦67.1 trillion, while the All-Share Index (ASI) fell by 0.62%, closing at 107,821.39 points from the previous week’s 108,497.40 points.

Despite the downturn, some stocks stood out with impressive performances, positioning themselves as key stocks to watch this week. PZ Cussons Nigeria (PZ), Caverton Offshore Support Group (CAVERTON), Livestock Feeds (LIVESTOCK), and Austin Laz & Company (AUSTINLAZ) recorded significant gains, making them attractive prospects for investors.

PZ Cussons Nigeria (PZ) – ₦35.40 ▲ 9.09%

PZ closed the week at ₦35.40 per share, reflecting a 9.1% increase from its previous close of ₦32.45. The stock has been on an upward trajectory, gaining 45.7% year-to-date and 54% in the past month, making it the second-best performer on the NGX in that period.

With a three-month trading volume of 134 million shares, valued at ₦3.36 billion, PZ remains a highly traded stock, attracting investor confidence.

Livestock Feeds (LIVESTOCK) – ₦7.43 ▲ 7.68%

Livestock Feeds continued its bullish run, closing at ₦7.43 per share, up 7.7% from ₦6.90. The stock has gained 80.3% year-to-date, ranking fourth on the NGX. Over the past four weeks, it surged by 40%, placing sixth in performance.

Trading activity has been strong, with 276 million shares exchanged over three months, valued at ₦1.47 billion.

Caverton Offshore Support Group (CAVERTON) – ₦2.95 ▲ 9.67%

Caverton closed at ₦2.95 per share, marking a 9.7% gain from ₦2.69. The stock has risen by 27.2% year-to-date and 37% in the past month, ranking eighth-best on the NGX during this period.

The company saw an impressive trading volume of 166 million shares, valued at ₦390 million, over three months, signaling growing investor interest.

Austin Laz & Company (AUSTINLAZ) – ₦2.09 ▲ 10%

Austin Laz led the pack with a 10% increase, closing at ₦2.09 from ₦1.90. Though its 14.8% year-to-date growth ranks 46th on the NGX, its recent performance has drawn investor attention.

With 18.7 million shares traded in three months, valued at ₦33.1 million, Austin Laz shows potential for further gains.

Investor Outlook

While last week’s market downturn dampened sentiments, the performance of these stocks suggests opportunities for investors. However, caution is advised—market conditions remain volatile, and investment decisions should be based on thorough analysis and financial advice.

Disclaimer: This report is not a buy, sell, or hold recommendation. Investors should consult their financial advisors before making any decisions.