Stock to Buy for Week 42, October 2023

The Nigerian equities market closed trading activities last week on a positive note. The NGX All-Share Index and the Market Capitalization appreciated for the week by 1.12% to close the week at 67,200.69 and N36.919 trillion respectively.

Thirty-eight (38) equities appreciated in price during the week, thirty-three (33) equities depreciated in price while eighty-six (86) equities remained unchanged higher than eighty-one (81) equities recorded in the previous week. A total turnover of 1.47billion shares worth N24.43 billion in 29,683deals was traded this week by investors on the floor of the Exchange.

Top 5 Price Gainers

SecuritiesOpen (N)Closed (N)Gains(N)%Change
THOMASWY2.142.800.6630.84
ABCTRANS0.650.800.1523.08
CHIPLC1.021.150.1312.75
BUACEMENT94.00105.8011.8012.55
MCNICHOLS0.600.660.0610.00

Top 5 Price Decliners

SecuritiesOpen (N)Closed (N)Loss%Change
PRESTIGE0.500.45-0.05-10.00
ROYALEX0.520.47-0.05-9.62
PRESCO201.20182.00-19.20-9.54
FTNCOCOA1.801.64-0.16-8.89
DAARCOMM0.230.21-0.02-8.70

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