At the end of trading last week, the NSEASI settled lower ar 26,925.59pts as bearish investor sentiment reigned through the week. The index shed 1.40% in the week, worsening the YtD return to -14.33%. Despite the dividend announcement by GUARANTY and a moderation in the inflation rate to 11.08% from 11.22%, investor confidence in the market remained subdued, leading to a negative close at the end of the week. On a balance of factors, we expect the market to close down at the end of the week.
Stock Recommendation- 19th August, 2019.
At the end of trading last week, the NSEASI settled lower ar 26,925.59pts as bearish investor sentiment reigned through the week. The index shed 1.40% in the week, worsening the YtD return to -14.33%. Despite the dividend announcement by GUARANTY and a moderation in the inflation rate to 11.08% from 11.22%, investor confidence in the market remained subdued, leading to a negative close at the end of the week. On a balance of factors, we expect the market to close down at the end of the week. find attached for the full report.