Stock Recommendation for the Week, December 16, 2019

The Nigeria’s bourse closed the prior week negative, shedding 119bps to close at 26,536.21 pts with market capitalization losing N154.1 billion. Last week’s decline was spurred by Telecom (-1.54%), Banking (-1.23%), Cement (-1.80%), Food (-1.27%) and Personal care (-2.61%) sectors. Sell offs were seen in MTNN (-2.29%), GUARANTY (-2.34%), STANBIC (1.90%), UBA (-1.49%), FBNH (-2.26%), […]