GTI Top-5 Weekly Stock Picks for 27th January, 2020

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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%).

 

Proshare Nigeria Pvt. Ltd.

 

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

 

Proshare Nigeria Pvt. Ltd.

 

Proshare Nigeria Pvt. Ltd.


Proshare Nigeria Pvt. Ltd.


Proshare Nigeria Pvt. Ltd.

 

Proshare Nigeria Pvt. Ltd.

 

Proshare Nigeria Pvt. Ltd.


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Proshare Nigeria Pvt. Ltd.


Proshare Nigeria Pvt. Ltd.

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