In line with our expectation, the Nigerian equities market closed in the negative region, as the NSEASI shed 1.27% last week to settle at 30,046.70pts. Consequently, the Year to Date (YtD) return closed at -4.40%. The loss recorded in the market, last week, was driven by the sell-offs on large-cap stocks like DANGCEM(-2.65%), NESTLE (-1.38), ZENITH (-1.72) and MTNN (-0.66%) amongst others. Consequently, we expect the All Share Index to settle lower, at the close of trading this week.
Stock Recommendation- 17th June, 2019.
In line with our expectation, the Nigerian equities market closed in the negative region, as the NSEASI shed 1.27% last week to settle at 30,046.70pts. Consequently, the Year to Date (YtD) return closed at -4.40%. The loss recorded in the market, last week, was driven by the sell-offs on large-cap stocks like DANGCEM(-2.65%), NESTLE (-1.38), ZENITH (-1.72) and MTNN (-0.66%) amongst others. Consequently, we expect the All Share Index to settle lower, at the close of trading this week. find attached for the full report.