Stock Recommendation for This Week (February 5)

By Dipo Olowookere

After an even split between sector gainers and losers, the Nigerian equities market (+40bps) posted a green close on Friday, taking the week’s return to 198bps.

And after closing in negative territory all week long, Nigerian Breweries shed 5 percent of its value last week. The stock currently trades at N144.50k per share, slightly below Vetiva target price of N146.51k per share and has returned 7 percent YtD.

With the new trading week starting today, investors are upbeat that the stock market will sustain its positive sentiment this week.

Analysts at Vetiva Research have released their weekly top recommendations for the week and its is presented below in the picture.