January 5, 2017/InvestmentOne Research

The Nigeria equities market continued its bullish trend to post a gain of +0.64% in today’s trading session, bringing WTD performance to +1.78%. 

Also, Market breadth index ended positive as 40 stocks gained against 9 stocks that declined. 

STERLNBANK (+9.30%) led the gainers’ chart while NASCON (-2.93%) had the worst performance. 

TRANSCORP was the most actively traded stock with c.172million units of shares worth c.N315m. 

Sector Performance  

·         NSE Banking Index: Advanced by +1.19%, on the back of the gains in STERLNBANK (+9.30%), STANBIC (+2.44%), ZENITHBANK (+2.12%), UBN (+1.72%) and GUARANTY (+1.56%). 

·         NSE Industrial Index: Rose by +0.83%, largely driven by advancement in CUTIX (+5.00%), BERGER (+4.95%) and WAPCO (+1.83%). 

·         NSE Oil and Gas Index: Increased by +0.63% on account of the buy interest in ETERNA (+4.90%), FO (+4.31%) and TOTAL (+0.02%). 

·         NSE Consumer Goods Index: Closed in the green (+0.85%) following the gains in  HONYFLOUR (+5.00%), UNILEVER (+4.99%) and FLOURMILL (+4.70%). 

Earnings Release 

NIL.

Market Insight 

NSE-ASI printed in the green following positive investor sentiment across all sectors in today’s trading session. Going forward, we expect investors to take position in anticipation of the release of full year results in Q1 2018 and advise entry into our recommended names ahead of the earnings season. 

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