Modupe Gbadeyanka
By Modupe Gbadeyanka
It is another trading week and the Nigerian Stock Exchange (NSE) has resumed trading, with investors hoping that the rally would be sustained throughout this week.
This morning, President Muhammadu Buhari, after his return from medical vacation from London on Saturday, addressed the nation, giving hope to Nigerians and investors that he would continue to push for economic, developmental and social growths.
He also reaffirms his commitment to addressing various pressing issues in the country, especially security, hate speeches, herdsmen/farmers clashes and others.
Observers are optimistic that the President’s words would be enough to restore confidence investors have in the local bourse and the economy.
One of the top investment firms in Nigeria, Vetiva Capital Management Limited, released its top recommendations for the new week, August 21, 2017 and noted that, “Primarily, our recommendations are based on expected upsides relative to our target price: Buy, >15.00%; Hold, +5.00 to +14.99%; Sell, <5.00% and UR under review.”
View the recommendations above.
