Stock PICKS | |
Stock PICKS | |
1393 VIEWS | |
![]() | |
PROSHARE | |
PROSHARE |
Monday, January 27,
2020 / 1o:30 AM / By GTI Research
Market review for the week ended January 24th, 2020
The
Nigeria equity market last week advanced positively in three of the five
trading sessions with most buy interest noticed on the Industrial goods sectors
amid profit-taking on Consumer goods and Banking sectors.
In
summary, the All Share Index (ASI) gained 10.32 absolute points, representing a
0.03% growth to close at 29,628.84 points.
Similarly,
the Market Capitalization gained N5.32 billion, representing a 0.03% increase
to close at N15.26 trillion.
The
uptrend was impacted by gains recorded in medium and large capitalized stocks,
amongst which are; LAWUNION (+38.00%), HONYFLOUR (+14.56%), NEM (+12.23%),
WAPCO (+10.76%), TOTAL (+9.35%), BUACEMENT (+5.00%), TRANSCORP (+3.88%), SEPLAT
(+2.89%), DNAGCEM (+2.80%) and VITAFOAM (+0.81%).
Outlook for the week ending January 31, 2020
As
investor's choice stocks continued to appreciate in price, we expect to see a
mixed reaction by active investors in this trading week.
However,
we do not rule out the possibility of seeing further staking by investors in
expectation of the Full-Year 2019 earning's results as well as declining yields
in the alternate market.
GTI Top-5 Weekly Stock Picks For The Period 27/01/2020 - 31/01/2020
Related News
1.
Afrinvest
Stock Recommendations For The Week 130120
2. Afrinvest
Stock Recommendations For The Week 060120
3. Afrinvest
Stock Recommendations For The Week 301219
4. Afrinvest
Stock Recommendations For The Week 231219
5. Afrinvest
Stock Recommendation For The Week 161219
6. Afrinvest
Stock Recommendation For The Week 091219
7. Afrinvest
Stock Recommendation For The Week 251119
8. Afrinvest
Stock Recommendation For The Week 041119
9. Afrinvest
Stock Recommendation For The Week 211019
10. Afrinvest
Stock Recommendation For The Week 141019
11. Afrinvest
Stock Recommendation For The Week 071019
12. Afrinvest
Stock Recommendation For The Week 300919
13. Afrinvest
Stock Recommendation For The Week 230919
14. Afrinvest
Stock Recommendation For The Week 160919
15. Afrinvest
Stock Recommendation For The Week 090919
16. Afrinvest
Stock Recommendation For The Week 020919
17. Afrinvest
Stock Recommendation For The Week 260819
18. Afrinvest
Stock Recommendation For The Week 190819
19. Afrinvest
Stock Recommendation For The Week 050819
20. Afrinvest Stock Recommendation
For The Week 290719