Stock Recommendation for this week

June 4, 2018
Stock Market Watch

By Modupe Gbadeyanka

The Nigerian Stock Exchange (NSE) ended the month of May 2018 on a negative note as investors continue to readjust compositions of their portfolio.

In the midst of the broad market onslaught, Dangote Cement recorded its worst session since March 2017 on Friday, shedding 7.08 percent on the day.

The cement giant was one of the top losers for last week, down 8.61 percent w-o-w and currently trades at a YtD low of N223.

The stock has lost 3 percent YtD, a fairer performance compared with a 10 percent YtD loss for the Industrial Goods sector.

As usual, analysts at Vetiva Research have released their stock recommendation for this new week starting on Monday, June 04, 2018.

Stock Recommendation for this week

Modupe Gbadeyanka

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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