The Nigerian bourse recorded its worst weekly performance this year, shedding 4.59% to close at 29,616.38pts. This implies a year to date return of -5.77%. The bearish mood in the market was worsened by the release of mostly unimpressive financial scorecards. As a result, there were selloffs across all the sectors of the market. We therefore expect the market to snap its losing streak and settle higher this week.
Stock Recommendation- 8th April, 2019.
The Nigerian bourse recorded its worst weekly performance this year, shedding 4.59% to close at 29,616.38pts. This implies a year to date return of -5.77%. The bearish mood in the market was worsened by the release of mostly unimpressive financial scorecards. As a result, there were selloffs across all the sectors of the market. We therefore expect the market to snap its losing streak and settle higher this week. find attached fo the full report.