The Afrinvest weekly sentiment weakened to 3.9x from 4.8x recorded the previous week.
Despite the weak sentiment, we anticipate market recovery in the upcoming week.
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Afrinvest (West Africa) Limited is a leading independent investment banking firm with a focus on West Africa and active in four principal areas: investment banking, securities trading, asset management, and investment research.
Afrinvest owns two operating subsidiaries namely:
• Afrinvest Securities Limited (ASL) which is a broker-dealer and a dealing member of the Nigerian Stock Exchange (“NSE”): and
• Afrinvest Asset Management Limited (AAML) which is licensed as a portfolio manager and is the Fund Manager of two mutual funds listed on the NSE, the Nigerian International Debt Fund (NIDF) and the Afrinvest Equity Fund (AEF).
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