Stock market: Bulls to return this week


As analysts bet on consumer goods, industrial goods sectors

By Nkiruka Nnorom

FOLLOWING  profit taking in the stock market last week that resulted in loss of N463 billion in the market capitalisation, investment bankers have advised investors to build their portfolio on pro-cyclical sectors and stocks.

They, specifically, pointed out the consumer goods, industrial goods and the banking sectors, saying that the outlook for 2018 favours these sectors and other pro-cyclical stocks. Pro-cyclical stocks/sectors are stocks/sectors that respond positively to the overall state of the economy and tend to increase in price when the economy is growing.

The recommendation comes amidst projections of possible return of bullish run in the market  this week. According to analysts at United Capital Plc, the recommended sectors will benefit from improved consumer spending and present…

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