The Nigerian equities market sustained a bullish run in November, closing in the green for four consecutive weeks and recording a Monthly return of 2.44%. This week, the NSEASI gained 0.04% to settle at 27,002.15pts, trimming the YtD losses to -14.09%. The market’s gain last week flowed from the bullish sentiments on stocks in the consumer goods sector. The NSEFBT10 recorded the most gain of 4.69%, as NESTLE, CADBURY and DANGSUGAR stood among the top gainers in the segment. Thus, we expect investor participation in the Equities market to continue to increase as more investors continue to take advantage of current price levels which should spur a positive close this week. Kindly find attached the full report.
Daily Stock Recommendation- 02 December 2019.
The Nigerian equities market sustained a bullish run in November, closing in the green for four consecutive weeks and recording a Monthly return of 2.44%. This week, the NSEASI gained 0.04% to settle at 27,002.15pts, trimming the YtD losses to -14.09%. The market’s gain last week flowed from the bullish sentiments on stocks in the consumer goods sector. The NSEFBT10 recorded the most gain of 4.69%, as NESTLE, CADBURY and DANGSUGAR stood among the top gainers in the segment. Thus, we expect investor participation in the Equities market to continue to increase as more investors continue to take advantage of current price levels which should spur a positive close this week. Kindly find attached the full report.