For the first time in one month, the NSEASI closed above 30,000 points. The index settled at 30,881.29 points, driven by gains on market heavyweights; MTNN (+28.56%) and DANGCEM (+13.64%). The market thus gained an impressive 6.96%, moderating the YtD return to -1.75%. MTNN’s bull charge was trailed by strong positive sentiment on DANGCEM in the early part of the trading week. However, as MTNN became available for trading on the open market, gains tapered, with DANGCEM following suit. Summarily, a marginally negative close is expected in the market.
Stock Recommendation- 27th May, 2019.
For the first time in one month, the NSEASI closed above 30,000 points. The index settled at 30,881.29 points, driven by gains on market heavyweights; MTNN (+28.56%) and DANGCEM (+13.64%). The market thus gained an impressive 6.96%, moderating the YtD return to -1.75%. MTNN’s bull charge was trailed by strong positive sentiment on DANGCEM in the early part of the trading week. However, as MTNN became available for trading on the open market, gains tapered, with DANGCEM following suit. Summarily, a marginally negative close is expected in the market. find attached for the full report.