By Goddy Egene Â
 The aggregate value of the THISDAY Model Portfolio (TMP) witnessed a further decline last week as profit taking in the stocks that constitute the portfolio continued. Consequently, the TMP fell to 27.4 per cent from 28.2 per cent the previous week. Only one of the five  various portfolios that constituted the TMP  appreciated last week. Ironically, the only advancer was Portfolio E that had slipped into the negative territory the previous week.
TMP is an initiative of THISDAY Economic and Financial Intelligence Unit (TEFIU), 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.
 Each of the partner stock broking houses  constructed   a portfolio of 10 stocks selected according to their individual best judgement and using their best and well tested stock selection and investment  strategies. Each of them then deployed  an imaginary fund of N10 million to invest on the  10 stocks in whatever proportions they considered best.
By the close of last week, which is the 26th week of its introduction, the TMP had recorded a growth of 27. 4 per cent, down from the 28.2 per cent the previous week. This implies that despite the decline as at the week ended December 22, 2017, the N50 million imaginary deployed, remains positive at N63.706 million, showing an aggregate return of 27.4 per cent.
A further analysis of the individual portfolios showed that Portfolio C remained the highest gainer with 44 per cent, down from 45.8 per cent,  the previous week.  The   N10 million deployed by   Portfolio C has thus appreciated to N14.400 million as at last week.
In the same vein,  Portfolio D,  maintained the second position, standing at 40.8 per cent, compared with 44.6  per cent two weeks. This indicates that the N10 million deployed now stands at N14.057 million.
Portfolio B, which fell to  34.2 per cent the previous week, decline further to 31.1 per cent, bringing its value  to N13.148 million, from N13.420 million. In line with the sell pressure that reduced the value of other portfolios, Portfolio A fell to 20.3 per cent. However,    Portfolio E, which had that slipped into negative territory two weeks ago, recovered last week. It gained 0.72 per cent.
