Experts to investors: Buy Forte Oil, Cadbury, IB

Experts to investors: Buy Forte Oil, Cadbury, IB

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Investors in the Nigerian capital market have been advised to spread their investments across oil and gas, food beverage and brewery sub-sectors.
They are especially urged to invest in the stocks of Forte Oil, Cadbury Nigeria and International Breweries.
Based on the stocks’ performance last week ended November 10, 2017, the analysts are optimistic that the shares will deliver about 25 per cent returns on investment to the shareholders.
A financial analyst, Mr. David Olubunmi, explained that any discerning investor that injected funds in the shares would reap beyond his expectations by the end of this week.
According to him, the gains garnered by the stocks in different sectors last week have shown that investors are taking advantage of the capital market for long-term investment.
He said, “This has also shown that the financial service sector is no longer dominating the bullish performance in the market, as other stocks are equally competing favourably. So investors can take advantage and spread their investments for good return on investment.”
Meanwhile, analysis of the trading showed that Forte Oil recorded the highest price gain to lead the price gainers’ table with N2.10 to close at N44.10 per share. Cadbury followed with a gain of N1.14 to close at N12.34, while IB inched up by N1.01 to close at N50 per share.
Also, a total turnover of 1.316 billion shares, worth N13.784 billion in 19,169 deals were traded last week by investors on the floor of the Exchange, in contrast to a total of 1.363 billion shares, valued at N17.714 billion that exchanged hands the previous week in 21,891 transactions.
The Financial Services Industry (measured by volume) led the activity chart with 1.035 billion shares, valued at N6.727 billion traded in 10,471 deals; thus contributing 78.63 per cent and 48.80 per cent to the total equity turnover volume and value, respectively.
The Consumer Goods Industry followed with 130.516 million shares, worth N4.959 billion in 4,490 deals. The Conglomerates Industry occupied the third place with a turnover of 58.924million shares, worth N179.816 million in 890 deals.
Trading in the Top Three Equities namely: Jaiz Bank Plc, Diamond Bank Plc and FBN Holdings Plc (measured by volume) accounted for 551.561 million shares, worth N1.438 billion in 3,003 deals, contributing 41.91 per cent and 10.43 per cent to the total equity turnover volume and value, respectively.
Also traded during the week were a total of 1,210 units of Exchange Traded Products, valued at N13, 467.70 executed in two deals, compared with a total of 1,156,439 units valued at N6.404 million, transacted last week in
13 deals.
A total of 2,806 units of Federal Government Bonds, valued at N2.623 million, were also traded this week in 16 deals, compared with a total of 2,775 units, valued at N2.770 million, transacted last week in four deals.
The NSE’s All Share Index and Market Capitalisation appreciated by 0.49 per cent to close the week at 37,120.28 and N12.847 trillion respectively. Similarly, all other indices finished higher during the week with the exception of the NSE Insurance and NSE Consumer Goods Indices that depreciated by 1.09 per cent and 0.07 per cent respectively.

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