NGX | Afrinvest Weekly Stock Recommendation - June 28, 2021

    The Afrinvest weekly sentiments indicator weakened to 1.4x (from 1.9x). We anticipate a possible rebound in market performance this week, as investors position ahead of H1:2021 corporate releases and take advantage of cheap attractive stocks.

     

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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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