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STOCK RECOMMENDATION| BUY ACCESS AND ACCUMULATE PRESCO PLC | InfoWARE Finance

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  • STOCK RECOMMENDATION| BUY ACCESS AND ACCUMULATE PRESCO PLC | InfoWARE Finance
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₦3,633.28
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STOCK RECOMMENDATION| BUY ACCESS AND ACCUMULATE PRESCO PLC
(Source: Securities Africa Nigeria Research, Date: 06-May-2024)

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Dear Esteemed Investor,

 

Market activities for the week ended Friday, May 6, 2024 closed bullish. The bulls closed the week with a positive sentiment as gains in MTNN (+6.44%), FBNH (+32.68%) and ZENITH (+6.13%) buoyed the market. The NGX ASI thus gained 1.46% w/w to close at 99,587.25. The positive sentiment for the week was driven by the upturn in the banking index (+9.42%) and the insurance Index (+0.98%) closed positive. Conversely, the oil and gas Index (-0.68%), the industrial index (-0.36%) and consumer goods Index (-0.26%) closed bearish.

 

Kindly click here for the stock recommendation report.

 

Rating Definitions

BUY/ACCUMULATE "" Expected return of 8% and higher

HOLD "" Expected return of between 0% and 7%

SELL "" Expected return of 1% and below

 

For more information and guidance, please contact the under listed:

 

Olanike-  08037164599 - otunde-ayinuola@securitiesafrica.com

Olalekan- 08065010929 - oolagunju@securitiesafrica.com

Kayode -  08023113506 "" kadebisi@securitiesafrica.com

 

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Securities Africa Financial Limited

Securities Africa Financial Limited | 5th Floor Skye Bank Building | 30 Marina | Lagos | Nigeria

Main: +234 (909) 440 4638

Email: researchng@securitiesafrica.com | Web: www.securitiesafricang.com

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