November 28, 2017/InvestmentOne Research 

The equities market reversed its previous loss as the NSE-ASI gained +0.68% in today’s trading session. 

ETERNA (+4.99%) was the top gainer, while PZ (-4.82%) had the worst performance.  

Market breadth index closed positive as 25 stocks gained against 11 stocks that declined.  

WAPIC was the most actively traded stock with c.655m units of shares worth c.N327m. 

Sector Performance  

·         NSE Banking Index: Gained +0.31% , largely driven by the gains in STANBIC (+4.63%), FIDELITYBNK (+4.02%) and ACCESS (+1.96%). 

·         NSE Consumer Goods Index: Up by +1.25% following the rise in NB (+4.90%) and HONYFLOUR (+1.00%). 

·         NSE Industrial Index: Closed positive +0.30% as a result of the advancement in CCNN (+4.79%) and DANGCEM (0.42%). 

·         NSE Oil and Gas Index: Declined -0.31% following a decline in  MOBIL (-3.22%). 

Earnings Release 

    NIL 

Market Insight 

The ASI surged today, gaining +0.68% , as the bullish sentiment across major sectors drove the market to a positive close. Going forward, we expect the market to be stable in the near term in the absence of any major positive catalyst. However, we remain optimistic on our recommended names and advise entry into them ahead of the release of 2017 audited full year number.

TOP PICKS: ACCESS, DANGCEM, GUARANTY, NB, NESTLE, UBA & ZENITHBANK