Stock Recommendation – Monday, 29th November, 2021

A logo sits on a glass panel in the reception area at the Nigerian Stock Exchange (NSE) in Lagos, Nigeria, on Monday, Oct. 26, 2015. Nigeria plans to create a $25 billion fund with public and private financing to modernize infrastructure and avoid a recession, Vice President Yemi Osinbajo said. Photographer: George Osodi/Bloomberg

The Nigeria equities market last week grew by 0.25%w/w despite recording three consecutive sessions of decline.

The growth follows the investors’ positive sentiment in some market bellwethers such as AIRTELAFRI, FBNH, FLOURMILL, NESTLE and 25 others.

Consequently, the All-Share Index increased by 109.02 basis points, representing a dip of 0.25 to close at 43,308.29, while the Market Capitalization gained ₦54.02 million, representing a growth of 0.24%, to close at ₦22.60 trillion.