Stock to Buy for Week 9, February 2024

The Nigerian equities market closed trading activities last week of on a negative note. The NGX All-Share Index and the Market Capitalization depreciated for the week by 3.44% to close the week at 102,088.07 and N55.861trillion respectively.
Fourteen (14) equities appreciated in price during the week, sixty-six (66) equities depreciated in price while seventy-four (74) equities remained unchanged higher than sixty-eight (68) as recorded in the previous week. Meanwhile, a total turnover of 1.369 billion shares worth N31.37 billion in 41,864 deals was traded this week by investors on the floor of the exchange.

Top 5 Price Gainers

SecuritiesOpen (N)Closed (N)Gains(N)%Change
JULI1.472.340.8759.18
SUNUASSUR1.782.090.3117.42
FBNH28.0031.003.0010.71
GEREGU901.00985.0084.009.32
PRESTIGE0.570.620.058.77

Top 5 Price Decliners

SecuritiesOpen (N)Closed (N)Loss%Change
MORISON2.481.67-0.81-32.66
CONHALLPLC1.551.25-0.30-19.35
STERLINGNG5.354.35-1.00-18.69
ABCTRANS0.900.75-0.15-16.67
GUINEAINS0.480.40-0.08-16.67

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