December 13, 2017/InvestmentOne Report 

The NSE-ASI reversed its marginal gain in the previous session, losing -1.00% in today’s trading session. 

Similar to yesterday, market breadth index ended negative as 26 stocks declined against 19 stocks that gained. 

The market’s best performer was BERGER (+4.93%) while PRESCO (-4.98%) topped the losers’ chart. 

STERLNBANK (-3.85%) was the most actively traded stock with c.43million units of shares worth c.N43m. 

Sector Performance  

·        NSE Banking Index: Shed (-2.24%), largely driven by the sell-off in GUARANTY (-4.77%), STERLNBANK (-3.85%), ZENITHBANK (-3.85%), and FBNH (-2.26%) which more than outweighed the gains in FCMB (+4.92%) and FIDELITYBK (+4.42%). 

·         NSE Industrial Index: Declined by (-1.74%), due to the decline in WAPCO (-4.26%) and DANGCEM (-0.46%). 

·        NSE Consumer Goods Index: Lost (-0.48%), due to sell off in CADBURY (-4.95%) and CHAMPION (-3.85%). 

·         NSE Oil and Gas Index: Closed positive (+0.09%), following the gain in MOBIL (+0.89%). 

Earnings Release 

NIL 

Market Insight

The equities market was bearish today, shedding -1.00%. The market lost today due to sell-off across major stocks especially those in the Banking and Industrial sectors. However, we see the recent sell-off in the market as an opportunity for investors to take position in some of the recommended top picks.  

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