By Modupe Gbadeyanka
It is another trading week and following 0.68 percent week-on-week (wow) appreciation recorded by the Nigerian Stock Exchange (NSE) last week, observers expect the general market sentiment to remain mixed this week as investors continue to keep an eye on corporate earnings as they trickle in.
However, it was observed that after news that US-based private equity firm named Milost Global Inc was investing in Japaul Oil, the stock has appreciated for 13th consecutive sessions, emerging the highest gainer for the week (+54 percent w/w), for the second week running, closing at 97 kobo per share.
In this year so far, the counter has returned 94 percent. The stock is expected to continue its uptrend this week.
As usual, analysts at Vetiva Research have released their stock recommendation for the week, which is presented below.
more recommended stories
CBN Mops up N338b as One-Year T-Bills Clear at 13.50%
By Dipo Olowookere The Central Bank.
Lafarge, Guinness Nigeria, Others Gain as NSE Index Rebounds
By Dipo Olowookere The loss recorded.
Asian Shares Decline in Mute Trading Session
By Investors Hub Asian stocks ended.
European Stocks Extend Gains Ahead of Next Week’s Fed Meeting
By Investors Hub European stocks have.