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Stock Recommendation for the Week January 25th, 2021
(Source: Afrinvest Research , Date: 25-Jan-2021)

 Dear Afrinvestor,

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 ₦81.6bn as market capitalisation fell to ₦21.4tn 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.



Note: For more inquiry and to open a stockbroking account, see contact details below:

Adedoyin Allen     aallen@afrinvest.com           08097783100

Bolaji Fajenyo      bfajenyo@afrinvest.com       08121759032

  • NB: Rate on ₦100M and above are negotiable and all rates are valid ONLY for fund received on/before 25th January 2021.

For more details, kindly contact:
Christopher Omoh Mobile: +234 808 591 9106, Email: comoh@afrinvest.com
Eredappa "" 08097134729 or send e-mail to aaml@afrinvest.com

 

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Best Regards,

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