Spurred by strong appetite for the newly listed MTNN, the equities market halted its four-week losing streak as the ASI inched up marginally by 0.08% last week, settling the YtD return at -8.14%. The much anticipated listing of MTN shares was concluded during the week and this drove bullish sentiment in the market. Strong appetite for the stock settled the market in positive territory. Consequently, we expect improved market performance this week, largely due to the expected bullish sentiment on MTNN.
Stock Recommendation- 20th May, 2019.
Spurred by strong appetite for the newly listed MTNN, the equities market halted its four-week losing streak as the ASI inched up marginally by 0.08% last week, settling the YtD return at -8.14%. The much anticipated listing of MTN shares was concluded during the week and this drove bullish sentiment in the market. Strong appetite for the stock settled the market in positive territory. Consequently, we expect improved market performance this week, largely due to the expected bullish sentiment on MTNN. find attached for the full report.