RESEARCH REPORT FOR THE WEEK ENDED SEPTEMBER 28, 2018

The value of listed Nigerian equities appreciated by 0.72% as a result of bargain hunting by
investors taking advantage of the attractive prices of stocks in the market. As a result, the
Nigerian Stock Exchange (NSE) All Share Index (ASI) closed at 32,766.37. The Three (3) top
trading stocks (measured by volume) for the week are GT Bank Plc, UBA Plc and Fidelity Bank
Plc. We expect more bargain hunting activities.

We also expect quoted companies to continue releasing their half year results for 2018.

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