By Nkiruka Nnorom
ON the back of the persistent decline in the equities market and anticipation of release of third quarter 2018 (Q3’18) earnings reports by quoted companies, operators in the market have urged investors to adjust their portfolio to accommodate stocks with history of resilient revenue growth and consistent dividend payment.
They also advised investors to seize opportunity presented by low prices of stocks to buy more, saying that the bearish outlook presents an opportunity for bargain hunting.
The counsel comes as the stock market took a breather last week, halting three weeks of consecutive losses, which resulted in 0.66 percent increase in the All Share Index, ASI, to 32,540.17 points.
Similarly, the market capitalisation appreciated by the same margin to close at N11.880 trillion from N11.802 trillion the previous week.
In their reaction, analysts at Cordros…
Read More…..Vanguard Newspaper
