Stock to Buy for Week 23, May 2023

The Nigerian equity market closed trading activities last week on a positive note. The NGX All-Share Index and The Market Capitalization appreciated by 5.37% to close the week at 55,820.50 and N30.395 trillion respectively.

Sixty-six (66) equities appreciated in price during the week, twenty-three (23) equities depreciated in price while sixty-seven (67) equities remained unchanged, lower than seventy-five (75) equities recorded in the previous week.

The Uptrend was witnessed in some medium and large capitalized stocks, amongst which are; CONOIL PLC (+45.78%), ETERNAL PLC (+32.14%), JAIZ BANK PLC (+30.00%), MRS OIL NIGERIA PLC (+20.83%), NEIMETH INTERNATIONAL PHAMACEUTICALS PLC. (+20.14%), TRANSCORP HOTELS PLC (+19.07%), CWG PLC. (+17.65%), OKOMU OIL PALM PLC (+16.03%), ACADEMY PRESS PLC (+15.85%) and STERLING FINANCIAL HOLDINGS COMPANY PLC (+15.56%).

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