RESEARCH REPORT FOR THE WEEK ENDED OCTOBER 5, 2018
The market opened for four trading days this week as the Federal Government of Nigeria
declared Monday 1st October 2018 as Public Holiday to mark the 58th Independence
The value of listed Nigerian equities depreciated by 1.17% as a result of investors taking profit
from bargain hunting (i.e. 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 32,383.15. The
Three (3) top trading stocks (measured by volume) for the week are FCMB Plc, Fidelity Bank Plc
and GTBank Plc. We expect more bargain hunting activities.
We also expect quoted companies to continue releasing their half year results for 2018.