Stock to Buy for Week 7, February 2024

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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 2.45% and 2.49% to close the week at 101,858.37 and N55.735 trillion respectively.
Twenty (20) equities appreciated in price during the week, sixty-nine (69) equities depreciated in price while sixty-six (66) equities remained unchanged higher than sixty-four (64) as recorded in the previous week. Meanwhile, a total turnover of 2.47 billion shares worth N47.69 billion in 54,791 deals was traded this week by investors on the floor of the exchange.

Top 5 Price Gainers

SecuritiesOpen (N)Closed (N)Gains(N)%Change
MEYER4.306.912.6160.70
JULI0.701.010.3144.29
GEREGU568.00675.90107.9019.00
CORNERST1.902.230.3317.37
MAYBAKER6.307.040.7411.75

Top 5 Price Decliners

SecuritiesOpen (N)Closed (N)Loss%Change
ETERNA22.1017.95-4.15-18.78
ABBEYBDS2.992.44-0.55-18.39
UNITYBNK2.812.31-0.50-17.79
MBENEFIT0.740.61-0.13-17.57
STERLINGNG6.605.58-1.02-15.45

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