Investors’ sentiments were dampened by some unimpressive earnings releases while the downturn in the market was spurred by losses on heavyweights like NESTLE and some banking stocks. Although we expect mixed sentiment to filter through the market this week, we envisage that positive sentiment will prevail, with the NSEASI recording a marginal gain this week. We do not rule out sell-offs occurring in the market owing to the pre-existing negative outlook for the bourse. However, we expect the positive triggers highlighted to stir the market to a positive close this week. Kindly find attached the full report.
Stock Recommendation- 04- 11- 2019
Investors’ sentiments were dampened by some unimpressive earnings releases while the downturn in the market was spurred by losses on heavyweights like NESTLE and some banking stocks. Although we expect mixed sentiment to filter through the market this week, we envisage that positive sentiment will prevail, with the NSEASI recording a marginal gain this week. We do not rule out sell-offs occurring in the market owing to the pre-existing negative outlook for the bourse. However, we expect the positive triggers highlighted to stir the market to a positive close this week. Kindly find attached the full report.