Stock to Buy for Week 8, February 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 3.79% to close the week at 105,722.78 and N57.850 trillion respectively.
Thirty-five (35) equities appreciated in price during the week, fifty-one (51) equities depreciated in price while sixty-eight (68) equities remained unchanged higher than sixty-six (66) as recorded in the previous week. Meanwhile, a total turnover of 1.559 billion shares worth N36.50 billion in 42,546 deals was traded this week by investors on the floor of the exchange.

Top 5 Price Gainers

SecuritiesOpen (N)Closed (N)Gains(N)%Change
JULI1.011.470.4645.54
GEREGU675.90901.00225.1033.30
BUAFOODS295.90357.5061.6020.82
ROYALEX0.700.840.1420.00
DAARCOMM0.690.810.1217.39

Top 5 Price Decliners

SecuritiesOpen (N)Closed (N)Loss%Change
MEYER6.915.60-1.31-18.96
MORISON3.052.48-0.57-18.69
DEAPCAP0.700.60-0.10-14.29
FLOURMILL40.0035.10-4.90-12.25
UNILEVER18.5016.50-2.00-10.81

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