The Nigerian equities market closed down marginally (-0.09%) last week, despite gains on some large cap stocks such as SEPLAT, NESTLE among others. As a result, the YtD return was pegged at -11.95%. The bearish sentiment in the market last week was spurred by the selloffs on stocks across the banking and industrial goods sector. We expect these factors to stir activities in the market this week and push the All Share Index higher.
Stock Recommendation – 30th September, 2019.
The Nigerian equities market closed down marginally (-0.09%) last week, despite gains on some large cap stocks such as SEPLAT, NESTLE among others. As a result, the YtD return was pegged at -11.95%. The bearish sentiment in the market last week was spurred by the selloffs on stocks across the banking and industrial goods sector. We expect these factors to stir activities in the market this week and push the All Share Index higher. find attached for the full report.