The Nigerian Equities market extended its losing streak last week, as the NSEASI dipped marginally by 0.003%, settling the All-Share Index at 27,918.59pts. Hence, the Ytd return came in at -11.17%. After the large cap stocks gained significantly on Tuesday, selloffs on these stocks took center stage in the market thereafter, as we saw profit taking activities on them, dragghing the performance of the market by the end of the week. On a balance of factors, we expect bullish sentiment to permeate the market, leading to a gain by the end of the week.
Stock Recommendation- 29th July, 2019.
The Nigerian Equities market extended its losing streak last week, as the NSEASI dipped marginally by 0.003%, settling the All-Share Index at 27,918.59pts. Hence, the Ytd return came in at -11.17%. After the large cap stocks gained significantly on Tuesday, selloffs on these stocks took center stage in the market thereafter, as we saw profit taking activities on them, dragghing the performance of the market by the end of the week. On a balance of factors, we expect bullish sentiment to permeate the market, leading to a gain by the end of the week. find attached for the full report.