Capital Market

The Good and the Bad: Top 10 Stocks of the Week

Published

2 years ago

Jan 19, 2025

Capital Gains Tax NGX: Equities Investors Lose N1.5trn to Panic Selloffs

The general performance of the Nigerian stock market last week was bearish with equity index plunging by 2.94% week on week to close at 102,353.68 basis points.

The monetary value of listed equities at the market also suffered the fate as the market capitalisation recorded a 2.26% decrease, amounting to a loss of N1.45 trillion for investors, bringing the total market value down to N62.851 trillion.

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While the trading record obtained by Business Metrics showed that a total of 33 equities appreciated in price during the week, 57 equities depreciated in price while 62 others closed on flat prices at the end of the week.

According to investment experts, the performance of the local bourse during the week reflected sell pressure emanating from profit-taking.

Similarly, investors were cautious as they realigned portfolios, scouted for new entry opportunities and awaited the FY financial reports of listed companies amid the ongoing economic reforms in the country.

Despite closing the week in the red region, many stocks rewarded investors with impressive returns with highest price gain reading 31.2%.

Below are the top 10 best-performing and worst-performing stocks during the week.

Top 10 Price Gainers

Company	Open	Close	Gain (N)	% Change
NEIMETH INTERNATIONAL PHARMACEUTICALS PLC	2.61	3.43	0.82	31.42
S C O A NIG. PLC.	2.06	2.48	0.42	20.39
N NIG. FLOUR MILLS PLC.	45.55	54.45	8.90	19.54
LIVESTOCK FEEDS PLC.	5.05	5.94	0.89	17.62
DANGOTE SUGAR REFINERY PLC	33.00	38.50	5.50	16.67
NASCON ALLIED INDUSTRIES PLC	32.50	37.65	5.15	15.85
CAP PLC	38.00	44.00	6.00	15.79
OANDO PLC	62.50	71.80	9.30	14.88
UNIVERSITY PRESS PLC.	4.45	5.05	0.60	13.48
U A C N PLC.	32.00	36.00	4.00	12.50

Top 10 Price Decliners

Company	Open	Close	Loss (N)	% Change
UNIVERSAL INSURANCE PLC	0.78	0.63	-0.15	-19.23
ROYAL EXCHANGE PLC.	1.09	0.89	-0.20	-18.35
REGENCY ASSURANCE PLC	0.90	0.74	-0.16	-17.78
SOVEREIGN TRUST INSURANCE PLC	1.32	1.10	-0.22	-16.67
DANGOTE CEMENT PLC	478.80	400.00	-78.80	-16.46
DAAR COMMUNICATIONS PLC	0.88	0.74	-0.14	-15.91
CORONATION INSURANCE PLC	2.64	2.22	-0.42	-15.91
LEARN AFRICA PLC	5.79	4.99	-0.80	-13.82
ASSOCIATED BUS COMPANY PLC	1.23	1.07	-0.16	-13.01
TANTALIZERS PLC	2.60	2.27	-0.33	-12.69