Bearish sentiment returned to the equities market last week, as the NSEASI declined by 2.32%, dragging the All-Share Index to 29270.95pts and the YtD return to -6.87%. The dip in prices of large-cap stocks coupled with the concerns over the policy direction of the Federal Government regarding the formation of its cabinet continues to repress positive sentiment in the market. On a balance of factors, we expect the bearish sentiments to continue this week.
Stock Recommendation- 8th July, 2019.
Bearish sentiment returned to the equities market last week, as the NSEASI declined by 2.32%, dragging the All-Share Index to 29270.95pts and the YtD return to -6.87%. The dip in prices of large-cap stocks coupled with the concerns over the policy direction of the Federal Government regarding the formation of its cabinet continues to repress positive sentiment in the market. On a balance of factors, we expect the bearish sentiments to continue this week. find attached for the full report.