THISDAY Model Portfolios Remain Bullish, Gain 24.7%


Goddy Egene

THISDAY Model Portfolio (TMPs) recorded another bullish performance last week, rising further. The TMP, which rebounded from 17.5 per cent three weeks ago to hit 22.4 per cent previous week, appreciated further to 24.7 per cent last week.

All the five various portfolios that constituted the TMP posted positive performance last week. TMP, an initiative of THISDAY Economic and Financial Intelligence Unit (TEFIU), is designed to enable leading stockbrokers and investment houses in the country share their trading skills and methodologies with ordinary investors. The investment houses involved in the project are Afrinvest Limited, FSDH Securities Limited, Capital Assets Limited, Meristem Limited and Lead Advisory Limited .

TMP consists of five different portfolio types constructed individually in conjunction with five leading stockbroking firms in the country with different investment objectives.

The project was executed by asking each of the partner stock broking houses in the country to construct a portfolio of 10 stocks selected according to their individual best judgement and using their best and well tested stock selection and investment strategies. They were then asked to each deploy an imaginary fund of N10 million to invest on the 10 stocks in whatever proportions they considered best.

It has been 23 weeks since the introduction of the portfolios and a look at its performance showed that as at weekend November 30, it has generated an aggregate return of N12.334 million on the N50 million imaginary fund deployed.

However, Portfolio C maintained the highest return, which rose from 35.6 per cent two weeks ago to 38.4 per cent. The N10 million deployed by Portfolio C has thus appreciated to N13.845 million as at last week.

Similarly, Portfolio D retained its second position as, rising from 31.6 per cent to 34.5 per cent. This indicates that the N10 million deployed has grown to N13.453 million.

In the same vein, Portfolio B, which rose to 27.9 per cent two weeks ago, appreciated further last week to hit 30.1 per cent. Its worth has improved from N10 million to N13.013 million as at last week.

Portfolio A has climbed to 17.5 per cent last week, up from 15 per cent previous week, just as Portfolio E improved from 1.5 per cent the previous week to 2.7 per cent last week.

Meanwhile, two stocks in Portfolio C have fetched returns of 107 per cent and 104 per cent, up from 95 per cent and 85.7 per cent respectively in the previous week.

This was followed by 45.9 per cent, 43.5 per cent; 24.9 per cent; 21.6 per cent; 21.3 per cent; and 13.3 per cent in that order. The two stocks that have recorded negative returns are 17 per cent and 0.4 per cent.
Also, the two stocks in Portfolio D that have so recorded negative growth are 9.4 per cent and 2.8 per cent. The highest gainer in the Portfolio D appreciated to 104.2 per cent last week, while another has grown by 71.5 per cent. Others are: 45.9 per cent; 24.8 per cent; 21.5 per cent; 21.2 per cent; 11.7 per cent; and 7.2 per cent.