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Stock Recommendation for this Week (March 12)

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.

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Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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