GTI Top-5 Stock Picks- Monday, November 27, 2017


Market Review for week ended November 24th, 2017


Equity market transactions on the floor of the Nigerian Stock Exchange (NSE) in the week under review traded on a stronger than expected positive note as investors and traders reacted to positive economic data within the investment space. The market opened the week on Monday with a marginal growth of 0.24% as the news of Q3 GDP data filtered in. There was marginal correction on Tuesday in reaction to MPC decision to hold status quo on all basic considerations in its November’s meeting. The positive sentiments on earlier inflation data, GDP and success recorded on Eurobond roadshow in London and New York dominated the market from Wednesday through Friday.


Week-on-week (wow), the All-Share Index gained 662.33 absolute points, representing a growth of 1.80% to close of 37,365.91, thereby clearing the prior week decline of 1.12%. The Market Capitalisation grew by 1.84% to close at N13.01 trillion from the opening value of N12.77 trillion. The Year-to-date (Ytd) returns now stands at 39.04%.


A total turnover of 2.18 billion shares worth N22.80 billion in 17,019 deals were traded in the week by investors in contrast to a total of 2.80 billion shares valued at N54.776 billion that exchanged hands previous week in 17,792 deals.


The Financial Services Industry led the activity chart with 1.76 billion shares valued at N11.57 billion traded in 8,730 deals; thus contributing 80.44% and 50.76% to the total equity turnover volume and value respectively. The Consumer Goods Industry followed with 178.15 million shares worth N8.66 billion in 4,457 deals.


Thirty-six (36) equities appreciated in price during the week, higher than twenty (20) recorded in the previous week. Twenty-four (24) equities depreciated in price, lower than forty-three (43) in the previous week, while one hundred and eleven (111) equities remained unchanged higher than one hundred and eight (108) equities recorded in the preceding week.


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