Stock to Buy for Week 4, January 2024

The Nigerian equities market closed trading activities last week of on a positive note. The NGX All-Share Index and the Market Capitalization appreciated for the week by 13.84% and 13.85% to close the week at 94,538.12 and N51.735 trillion respectively.
Eighty-one (81) equities appreciated in price during the week, sixteen (16) equities depreciated in price while fifty-eight (58) equities remained unchanged higher than fifty-seven (57) as recorded in the previous week. Meanwhile, a total turnover of 5.146 billion shares worth N77.329 billion in 78.128 deals was traded this week by investors on the floor of the Exchange.

Top 5 Price Gainers

SecuritiesOpen (N)Closed (N)Gains(N)%Change
TIP1.842.941.1059.78
DANGCEM350.00538.80188.8053.94
HONYFLOUR3.885.851.9750.77
MAYBAKER5.498.262.7750.46
MCNICHOLS1.231.800.5746.34

Top 5 Price Decliners

SecuritiesOpen (N)Closed (N)Loss%Change
ROYALEX0.980.76-0.22-22.45
IKEJAHOTEL8.617.70-0.91-10.57
LINKASSURE1.471.35-0.12-8.16
MULTIVERSE18.2017.00-1.20-6.59
UCAP25.5023.90-1.60-6.27

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