Stock to Buy for Week 19, May 2024

The Nigerian equities opened for four trading days this week as the Federal Government of Nigeria declared Wednesday 1st May, 2024 as Public Holiday to commemorate Workers’ Day celebration. Trading activities however closed on a positive note.
The NGX All-Share Index and the Market Capitalization appreciated for the week by 1.46% to close the week at 99,587.25 and N56.323 trillion respectively.
Forty-two (42) equities appreciated in price during the week, thirty-six (36) equities depreciated in price while seventy-six (76) equities remained unchanged lower than eighty-four (84) as recorded in the previous week. Meanwhile, a total turnover of 1.941 billion shares worth N32.644 billion in 35,807 deals was traded this week by investors on the floor of the exchange.

Top 5 Price Gainers

SecurityPrevious PriceClose PriceGains%Change
FBNH20.3527.006.6532.68
STERLINGNG3.824.881.0627.75
UACN12.4015.453.0524.60
JBERGER58.5072.4013.9023.76
FLOURMILL30.5036.806.3020.66

Top 5 Price Decliners

SecurityPrevious PriceClose PriceGains%Change
NASCON52.5543.60-8.95-17.03
UPL2.462.05-0.41-16.67
NEIMETH1.981.70-0.28-14.14
BERGER15.2013.70-1.50-9.87
VITAFOAM18.8517.00-1.85-9.81

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