RESEARCH REPORT FOR THE WEEK ENDED DECEMBER 14, 2018                                                                                                                                                                                                                                                                                                                                                        The bourse dipped by 0.63% compared to the previous week ended 7 December 2018 as All Share Index and Market Capitalization closed at 30,672.79 and 11.2trillion respectively, this is as a result of investors taking their profit. The contributors to this plunge are the Consumer good and Oil & Gas stocks both of which declined by 2.79 per cent and 0.84 per cent, respectively. 1.17billion shares were traded at a value of N14.8billion in 14,759 deals. On the activity log, the three top trading stocks measured by volume are Zenith Bank Plc, FBN Holdings Plc, and United Bank for Africa Plc.

We expect lower prices to persist this coming week due uncertainties about the forthcoming general elections and the perennial festive spending reaching its peak. There is however hope of an overturn as investors can find solace in the steady increase in the price of crude oil, one of the primary drivers of the economy, owing to the recently agreed quota between OPEC and Non-OPEC member-nations and the recently released Q3 GDP report, which show that the Nigerian economy grew by 1.81%, thus helping to grow confidence about the economy.