Stock to Buy for Week 20, May 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 1.36% and 1.35% to close the week at 98,233.76 and N55.562 trillion respectively.
Forty (40) equities appreciated in price during the week, thirty-seven (37) equities depreciated in price while seventy-seven (77) equities remained unchanged higher than seventy-six (76) as recorded in the previous week. Meanwhile, a total turnover of 2.187 billion shares worth N50.667 billion in 45,277 deals was traded this week by investors on the floor of the exchange.

Top 5 Price Gainers

SecurityOpen PriceClose PriceGains% Change
TANTALIZER0.40.50.127.8
FTNCOCOA1.41.60.320.0
PRESCO252.8291.538.715.3
MAYBAKER6.06.90.915.0
TIP2.02.30.315.0

Top 5 Price Decliners

SecurityOpen PriceClose PriceLoss% Change
PZ3827.75-10.25-26.97
MCNICHOLS1.140.91-0.23-20.18
NSLTECH0.590.49-0.1-16.95
INTBREW4.784.05-0.73-15.27
MANSARD5.895.13-0.76-12.9

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