Stock to Buy for Week 2, January 2024

The Nigerian equities market closed trading activities in the first week of January 2024 on a positive note. The NGX All-Share Index and the Market Capitalization appreciated for the week by 6.54% to close the week at 79,664.66 and N43.593 trillion respectively.
Eighty-eight (88) equities appreciated in price during the week, seventeen (17) equities depreciated in price while fifty (50) equities remained unchanged lower than sixty-six (66) as recorded in the previous week.
The market opened for four trading days this week as Monday, January 1st was declared as public holiday. Meanwhile, a total turnover of 3.32 billion shares worth N41.754 billion in 46,994 deals was traded this week by investors on the floor of the Exchange.

Top 5 Price Gainers

SecuritiesOpen (N)Closed (N)Gains(N)%Change
TRANSCORP8.6612.664.0046.19
IKEJAHOTEL6.008.772.7746.17
UNITYBNK1.622.350.7345.06
AIICO0.801.150.3543.75
LINKASSURE0.801.150.3543.75

Top 5 Price Decliners

SecuritiesOpen (N)Closed (N)Loss%Change
CILEASING5.603.38-2.22-39.64
SCOA1.981.63-0.35-17.68
CHAMPION4.153.66-0.49-11.81
CADBURY19.0016.90-2.10-11.05
MECURE12.0010.80-1.20-10.00

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