Sat. Nov 23rd, 2024

Stocks to Buy, Sell or Hold This Week

Nigerian Stock Market

By Modupe Gbadeyanka

Last week, continued selloffs dragged the market return for the year deep into the negative territory.

The release of some impressive financial scorecards and dividend declaration failed to spur positive investor sentiment in the market.

During the week, several counters reached their year low points and are trading at attractive prices.

Also, market heavyweight, Dangote Cement, dipped significantly last week, creating room for bargain hunting on the counter.

These attractive prices are expected to spur bargain hunting activities in the market, ensuring a positive close, according to analysts at Meristem Research.

The investment research firm has picked five stocks as its top picks for the week and they are Access Bank, Dangote Cement, NASCON, Nigerian Breweries and Zenith Bank.

For the stocks to buy, sell or hold this week, check the picture below as recommended by Meristem Research.

By 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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