{"id":72621,"date":"2020-09-21T15:25:29","date_gmt":"2020-09-21T14:25:29","guid":{"rendered":"https:\/\/brandspurng.com\/?p=72621"},"modified":"2020-09-21T15:25:29","modified_gmt":"2020-09-21T14:25:29","slug":"stock-recommendations-for-the-week-21-09-2020-25-09-2020","status":"publish","type":"post","link":"https:\/\/brandspurng.com\/2020\/09\/21\/stock-recommendations-for-the-week-21-09-2020-25-09-2020\/","title":{"rendered":"Stock Recommendations for the Week (21\/09\/2020 – 25\/09\/2020)"},"content":{"rendered":"
<\/div>

Last week, investors wealth on the local bourse appreciated by \u20a610.4 billion following bargain hunting on medium and large-cap Industrial goods and Consumer goods stocks. <\/a><\/strong><\/h3>\n

As a result, the overall market performance indices, the NSE-ASI and the Market Capitalization value both gained 0.10% week-on-week to close at 25,572.57 index points and \u20a613.36 trillion respectively, compared to 25,591.95 index points and \u20a613.35 trillion in the preceding week.<\/a><\/p>\n

\"Stock
Source: NSE, GTI Research<\/figcaption><\/figure>\n

The uptrend was impacted by gains recorded in medium and large capitalized stocks, amongst which are; WAPIC (+12.12%), NEIMETH (+9.55%), CAP (+8.57%), NB (+2.31%), VITAFOAM (+1.93%), FLOURMILLS (+1.54%), GUARANTY (+1.40%), DANGCEM (+0.75%) and ARDOVA (+0.44%).<\/p>\n

Outlook for the week ending September 25th 2020<\/strong><\/h3>\n

Despite the overall positive performance of the market last week, we expect to see profit-taking on some recently appreciated stocks this week, especially in the first two trading sessions. This we believe will be driven by a weak macroeconomic outlook in the short-to-medium term, and the unlikelihood of the CBN to reduce the MPR during its meeting this week.<\/p>\n

Hence, we see sell pressure taking an edge for the week.<\/p>\n

\"Stock<\/p>\n","protected":false},"excerpt":{"rendered":"

Last week, investors wealth on the local bourse appreciated by \u20a610.4 billion following bargain hunting on medium and large-cap Industrial goods and Consumer goods stocks. As a result, the overall market performance indices, the NSE-ASI and the Market Capitalization value both gained 0.10% week-on-week to close at 25,572.57 index points and \u20a613.36 trillion respectively, compared […]<\/p>\n","protected":false},"author":3,"featured_media":71796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_newsletter_tier_id":0,"jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[7],"tags":[24893],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/brandspurng.com\/wp-content\/uploads\/2020\/09\/Stock-Recommendations-for-the-Week-Brandspurng.jpg?fit=1920%2C1046&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p8rAyM-iTj","jetpack-related-posts":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/brandspurng.com\/wp-json\/wp\/v2\/posts\/72621"}],"collection":[{"href":"https:\/\/brandspurng.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/brandspurng.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/brandspurng.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/brandspurng.com\/wp-json\/wp\/v2\/comments?post=72621"}],"version-history":[{"count":0,"href":"https:\/\/brandspurng.com\/wp-json\/wp\/v2\/posts\/72621\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/brandspurng.com\/wp-json\/wp\/v2\/media\/71796"}],"wp:attachment":[{"href":"https:\/\/brandspurng.com\/wp-json\/wp\/v2\/media?parent=72621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/brandspurng.com\/wp-json\/wp\/v2\/categories?post=72621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/brandspurng.com\/wp-json\/wp\/v2\/tags?post=72621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}