In line with our expectation, the Nigerian equities market closed in the negative region, as the NSEASI shed 0.65% last week to settle at 29,851.29pts. Consequently, the Year to Date (YtD) return closed at -5.02%. The decline observed in the market performance was precipitated from the sell-offs witnessed during the first four trading days of the week. On a balance of factors, we expect the All Share Index to settle lower at the close of trades this week, as we expect bearish sentiments to cancel out gains possible from bargain hunting on some stocks in the market.
Stock Recommendation- 24th June, 2019.
In line with our expectation, the Nigerian equities market closed in the negative region, as the NSEASI shed 0.65% last week to settle at 29,851.29pts. Consequently, the Year to Date (YtD) return closed at -5.02%. The decline observed in the market performance was precipitated from the sell-offs witnessed during the first four trading days of the week. On a balance of factors, we expect the All Share Index to settle lower at the close of trades this week, as we expect bearish sentiments to cancel out gains possible from bargain hunting on some stocks in the market. find attached for the full report.