Stock Recommendation – Monday, 17th January, 2022


At the end of the week, the equity market sustained the weekly uptrend despite declines in three of the five trading sessions.

The uptrend was maintained following the investors’ positive reaction to the Dangote Cement Plc Tranche-II share buy-back and increase in global oil prices.

Consequently, the All-Share Index grew by 600.25 basis points, representing an uprise of 1.37% to close at 44,454.67.

While the Market Capitalization gained ₦1323.4 billion, representing a growth of 1.37%, to close at ₦23.95 trillion.