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Market Review for week ended February 16th, 2018

 

The Nigerian equity market in the week under review closed lower to extend the correction wave and panic sell-offs to the second week in a row. This recent bearish run in the market space is an aftermath of…

This triggered concerns among emerging and frontier markets investors, leading to sell-down of their holdings in some of the markets, especially…  

  
Week-on-week (w/w), the All-Share Index (ASI) shed a total of 489.09 absolute points, representing a decline of 1.13% to close at 42,638.83 points. The year-to-date’s (Ytd) return

Outlook for the new week ending February 16th, 2018

We expect activity in market this week to be driven by corporate earnings, especially, from the consumer goods. We have witnessed that of Nigerian Breweries Plc last week. The earnings was moderate. Given that a number of results this week replicate earnings in this magnitude

At this point, we strongly advise investors to take a keen interest on firms’ fundamentals before taking investment position on such firms…

GTI TOP-5 STOCK PICKS

1) UBA Plc: UBA remains one of the most reputable banks in Nigeria business landscape. Its improved branch networks within the country and developed presence in prominent Africa Countries has positioned the Pan African bank with improved income sources…

2) Dangote Sugar Plc Dangote Sugar is a subsidiary of Dangote group. It refines raw sugar into edible sugar and controls over 60% of the sugar market in Nigeria. Its backward integration strategy has helped to bring down its input cost considerably in recent years…
3) Lafarge Africa (WAPCO) Plc: Lafarge Africa has an installed cement capacity of 12 million metric tonnes (mmt) across its major installations in Nigeria and has in the pipeline plans to ramp up this capacity to 18mmt by 2020…
Kindly click on this  link to see full details on GTI Top-5 Stock Picks this week.

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