RESEARCH REPORT FOR THE WEEK ENDED APRIL 12, 2019

The NSE All-Share Index and Market Capitalization depreciated by 0.19% to close the week at 29,560.47 and
N11.103 trillion respectively. A total turnover of 1.770 billion shares worth N15.264 billion in 17,015 deals were
traded this week by investors on the floor of the Exchange in contrast to a total of 3.544 billion shares valued at
N20.264 billion that exchanged hands last week in 19,130 deals.
All sector indices declined with the exception of the Oil and Gas index which advanced by 0.34%. The Top Three
Trading in Equities are, Sterling Bank Plc, Transnational Corporation of Nigeria and Guaranty Trust Plc (measured
by volume) accounted for 648.906 million shares worth N5.831 billion in 2,293 deals, contributing 36.65% and
38.20% to the total equity turnover volume and value respectively.
We expect bargain hunting and buying interests to become quite visible this week, as stocks with huge dividend
potential are underpriced and qualification date gets nearer.

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