December 29, 2017/InvestmentOne Research

The NSE-ASI closed today’s trading session in the green, gaining +0.66%, bringing WTD and YTD performance to -0.72% and +42.30% respectively. 

Market breadth index ended positive as 21 stocks gained against 19 stocks that declined. 

SEPLAT (+5.00%) was the market best performer while ETERNA (-9.58%) topped the laggards’ chart. 

AIICO (-1.89%) was the most actively traded stock with c.211million units of shares worth c.N110m. 

Sector Performance  

·           NSE Banking Index: Rose by +0.56% following the gains in UBN (+4.14%), GUARANTY (+0.54%) and ZENITHBANK (+0.55%). 

·           NSE Consumer Goods Index: Gains in FLOURMILL (+1.65%), UNILEVER (+1.94%), INTBREW (+0.93%) and DANGFLOUR (+2.45%) drove the sector up by +1.56% 

·           NSE Oil and Gas Index: Closed positive +3.06%, largely driven by the advancement in SEPLAT (+5.00%) and MOBIL (+4.09%). 

·           NSE Industrial Index: Shed -0.10%, on the back of the loss in  WAPCO (-0.24%). 

Earnings Release 

NIL.

Market Insight 

The bullish run across most sectors in today’s trading session drove the equities market to end in positive territories. In the near term, we expect investors to take positions in anticipation of the release of full year results in Q1 2018. Similarly, we maintain our stance on our recommended names and advise entry ahead of the earnings season. 

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