Market Review for week ended and Month December 29th, 2017

The Nigerian equity market undulated in the period under review and was essentially driven by festive season’s activities. The first trading day (Wednesday) closed with a significant dip (-1.69%) as investors made frantic effort to raise cash in order to cover for Monday which was declared a Public Holiday for New Year celebration…


Week-on-week (WoW), the All-Share Index (ASI) shed a total of 278.95 absolute points, representing a decline of 0.72% to close at 38,243.19 points. This reversed the prior week growth and significantly reduced month-on-month (MoM) return to 0.79%...


A total turnover of 1.31 billion shares worth N12.64 billion in 9,016 deals were traded in the week in contrast to a total of 2.24 billion shares valued at N139.79 billion that exchanged hands in the previous week in 18,466 deals.


Thirty-two (32) equities appreciated in price during the period under review, lower than thirty-five (35) of the previous week. Twenty-five (25) equities depreciated in price, same as twenty-five (25) recorded in the previous week, while one hundred and fifteen (115) equities remained unchanged higher than one hundred and twelve (112) equities recorded in the preceding week.


Outlook for the Week Ending January 5th, 2018

This week, we expect a moderate pull back in the market as investors make effort to raise cash to cover for shortfalls after the Yuletide and New Year celebrations. The up-coming school resumption is equally a factor to our considerations here.


It would be recalled that in the last meeting of the US Fed held in December, the policy maker reviewed upward her benchmark interest rate by a quarter point from 1.0%-1.25% to 1.25-1.50%. This in our consideration will most likely reduce the attention of emerging market investors to Africa investment space which Nigeria benefited significantly in recent past…



Kindly note that GTI Top-5 Stock Picks have cumulatively achieved about 95% of indicated targets in recent past. Due to this premise, we are currently reviewing recent results of companies under our radar in order to come up with investment position(s) going forward. Hopefully, it will return back as soon as we are done.


In the meantime, the following stocks listed below falls into our watch list this week


Kindly click on this link to download the full report.

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