Stock to Buy for Week 41, October 2023

The Nigerian equities market closed trading activities last week on a positive note. The NGX All-Share Index and the Market Capitalization appreciated for the week by 0.11% and 0.49% respectively to close the week at 66,454.57 and N36.510 trillion respectively. The discrepancy between the ASI and the Market Capitalization was as a result of the listing of NIDF, a N200 billion public infrastructure investment and VFD Plc Group.

Forty (40) equities appreciated in price during the week, thirty-six (36) equities depreciated in price while eighty-one (81) equities remained unchanged lower than seventy (83) equities recorded in the previous week.

Top 5 Price Gainers

SecuritiesOpen (N)Closed (N)Gains(N)%Change
FTNCOCOA1.511.80.2919.21
RTBRISCOE0.490.570.0816.33
OANDO7.8591.1514.65
AFRIPRUD6.307.050.7511.90
THOMASWY1.922.140.2211.46

Top 5 Price Decliners

SecuritiesOpen (N)Closed (N)Loss%Change
CHIPLC1.261.02-0.24-19.05
ABCTRANS0.790.65-0.14-17.72
UPDCREIT3.903.5-0.40-10.26
CHAMPION3.753.38-0.37-9.87
CHELLARAM3.863.48-0.38-9.84

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