Stock to Buy for Week 52, December 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 2.26% to close the week at 74,023.27 and N40,506.77 trillion respectively.

Fifty-five (55) equities appreciated in price during the week, thirty-five (35) equities depreciated in price while sixty-five (65) equities remained unchanged lower than seventy (70) as recorded in the previous week. A total turnover of 2.47 billion shares worth N53.786 billion in 35,848 deals was traded this week by investors on the floor of the Exchange.

Top 5 Price Gainers

SecuritiesOpen (N)Closed (N)Gains(N)%Change
INFINITY2.824.531.7160.64
DAARCOMM0.460.690.2350.00
MULTIVERSE9.8913.974.0841.25
TRANSCOHOT46.9063.8016.9036.03
TRANSCORP6.968.801.8426.44

Top 5 Price Decliners

SecuritiesOpen (N)Closed (N)Loss%Change
ABCTRANS0.910.76-0.15-16.48
OMATEK0.730.64-0.09-12.33
ETRANZACT6.906.05-0.85-12.32
SOVRENINS0.390.35-0.04-10.26
THOMASWY2.952.65-0.30-10.17

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