Stocks to Buy, Sell, Hold at the Stock Market This Week (May 7)
By Modupe Gbadeyanka
Last week, the Nigerian Stock Exchange (NSE) was slightly down by 0.06 percent with investors reacting to the Q1 2018 earnings.
However, the last trading of last week, Friday, ended in green, appreciating by 0.27 percent.
But it was observed that despite the positive market breadth and green close at the end of last week, market sentiment remained mixed given the even split between sector gainers and losers.
This sentiment is expected to persist today even as the last batch of Q1 2018 earnings roll in and investor react to them.
C&I Leasing has gained 38 percent over the last seven sessions. The stock was the biggest gainer for last week following the release of strong Q1’18 results reporting N6.5 billion in revenue and N373 million PAT. It currently trades at a price of N1.80k per share and has returned 40 percent year-to-date.
As usual, analysts at Vetiva Research have released the list of stocks to buy, sell or hold this trading week. Check the picture to view them.