Afrinvest Stock Recommendation for the Week 250121

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Monday, January 25, 2021  / 12:15 PM / By Afrinvest Research / Header Image Credit: Titan FX


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Market Last Week (Our Observations)

  • The equities market closed in the negative territory following losses on 4 of 5 trading sessions. Accordingly, the benchmark index lost 0.4% w/w to 41,001.99 points. Investors' value also declined N81.6bn as market capitalisation fell to N21.4tn while YTD return settled at 1.8%. 
  • Performance across sectors was lacklustre w/w as all indices under our coverage lost save the AFR-ICT index which closed flat. The Banking index led the pack, down 1.3%. Trailing, the Insurance and Industrial Goods indices fell 0.8% and 0.5% respectively. Similarly, the Consumer Goods and Oil & Gas indices lost 0.1% apiece.  
  • CHAMPION (+44.4%), TRANSEXP (+37.5%) and NCR (+32.2%) led the top gainers while MANSARD (-20.0%), MRSOIL (-18.5%) and FTNCOCOA (-13.0%) led the decliners.


Market This Week (Our Expectations) 

  • The Afrinvest Weekly Sentiment Indicator weakened to 1.7x from the 1.9x recorded last week.
  • In the coming week, we anticipate a positive performance as investors seek bargain hunting opportunities.


Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.


NB: Rate on N100M and above are negotiable and all rates are valid ONLY for fund received on/before 25th January 2021.


Proshare Nigeria Pvt. Ltd.


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Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

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