Market Review for the week ended January 24th, 2020
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 at 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