Stock to Buy for Week 44, October 2023

The Nigerian equities market closed trading activities last week on a positive note. The NGX All-Share Index and the Market Capitalization depreciated for the week by 0.33% to close the week at 67,136.58 and N38,885 trillion respectively.

Thirty-nine (39) equities appreciated in price during the week, forty-two (42) equities depreciated in price while seventy-six (76) equities remained unchanged lower than eighty-three (83) equities recorded in the previous week. A total turnover of 1.45 billion shares worth N25.42 billion in 28,933 deals was traded this week by investors on the floor of the Exchange.

Top 5 Price Gainers

SecuritiesOpen (N)Closed (N)Gains(N)%Change
CHAMS1.491.900.4127.52
GEREGU315.00380.0065.0020.63
MULTIVERSE2.673.200.5319.85
UACN11.0013.102.1019.09
TANTALIZER0.290.340.0517.24

Top 5 Price Decliners

SecuritiesOpen (N)Closed (N)Loss%Change
VFDGROUP269.30218.20-51.10-18.98
CHIPLC1.151.03-0.12-10.43
SUNUASSUR1.100.99-0.11-10.00
NSLTECH0.300.27-0.03-10.00
MCNICHOLS0.620.56-0.06-9.68

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