Before it's here, it's on InfoWARE Market Data Terminal; Years of Fundamentals, Analytics and more... GOLDBREW 9.83  THOMASWY 9.83  FTNCOCOA 9.50  DEAPCAP 9.43  NEM 9.30  ABCTRANS 8.57  WAPCO 7.56  SEPLAT 7.55  OMATEK 6.67  NCR 5.39  SUNUASSUR -9.85  LEARNAFRCA -9.85  LOTUSHAL15 -9.81  HMCALL -9.15  PZ -8.71  STERLINGNG -7.16  ROYALEX -6.35  CILEASING -5.78  VITAFOAM -5.53  ELLAHLAKES -5.35 
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STOCK RECOMMENDATION| BUY FBN, NB, AND ACCUMULATE VITAFOM
(Source: Securities Africa Nigeria Research, Date: 02-Dec-2024)

 

 

 

Dear Esteemed Investor,

 

Market activities for the week ended Friday, November 29, 2024 closed bearish. The bears dominated the week as sell offs permeated the equities market. The losses in the high cap stocks such as SEPLAT (-6.02%), NB (-5.26%) and GTCO (-3.02%), depressed the market. The NGX ASI thus lost -0.33 % w/w to close at 97,506.87. Looking at the sectorial indices, the oil and gas index (-1.93%), the consumer goods index (-0.38%) and the banking index (-0.28%) closed negative. The insurance Index (+1.23%) and the industrial Index (+0.62%) closed positive.

 

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@securitiesafricang.com

Olalekan- 08065010929 - oolagunju@securitiesafricang.com

Kayode -  08023113506 "" kadebisi@securitiesafricang.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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