Stock to Buy for Week 30, July 2023

The Nigerian equities market closed trading activities last week on a positive note. The NGX All-Share Index and the Market Capitalization appreciated by 3.89% to close the week at 65,003.39and N35.395 trillion respectively.

Seventy-three (73) equities appreciated in price during the week, nineteen (19) equities depreciated in price while sixty-four (64) equities remained unchanged, higher than fifty (50) equities recorded in the previous week.

The Uptrend was witnessed in some small and medium capitalized stocks, amongst which are; JOHN HOLT PLC (+58.01%), CHELLARAMS PLC (+32.39%), STERLING FINANCIAL HOLDINGS COMPANY PLC (+27.33%), ECOBANK TRANSNATIONAL INCORPORATED (+27.17%), CWG PLC (+26.38%), SOVEREIGN TRUST INSURANCE PLC (+26.09%), FBN HOLDINGS PLC (+25.63%), LIVESTOCK FEEDS PLC (+25.32%), FCMB GROUP PLC. (+23.64%) and ACCESS HOLDINGS PLC (+22.74%).

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