The NSEASI closed the week on a positive note, advancing 0.61%, to close at 31,069.37 points. gains. Thus the market ended the month on an impressive note, gaining 6.55%, moderating the YtD return to -1.15%. Rallies on stocks in the banking and oil & gas sector for the early part of the week were largely responsible for the positive performance with DANGCEM and NESTLE also pulling their weight. Consequently, we expect a positive close to the market this week.
Stock Recommendation- 3rd May, 2019.
The NSEASI closed the week on a positive note, advancing 0.61%, to close at 31,069.37 points. gains. Thus the market ended the month on an impressive note, gaining 6.55%, moderating the YtD return to -1.15%. Rallies on stocks in the banking and oil & gas sector for the early part of the week were largely responsible for the positive performance with DANGCEM and NESTLE also pulling their weight. Consequently, we expect a positive close to the market this week. find attache for the full report.