EQUITIES: Analysts project bullish outlook for this week


EQUITIES: Analysts project bullish outlook for this week

Stock market

Stock exchange
Nigerian Stock Exchange

Investors position for H1 results  

By Nkiruka Nnorom  

Investment analysts have said that activities in the nation’s stock market will be bullish this week over positioning by investors in dividend paying stocks ahead of the release of the half year 2021 (H1’21) financial results by quoted companies.

They posited that the market provides an ample opportunity for capital gains but advised investors to position in only fundamentally sound stocks.

This comes as investors gained N245 billion following the reversal of the two weeks downward trend in stock prices last week.  

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According to analysts at Cordros Capital, alpha-seeking investors would continue to rotate their portfolio towards equities amid moderation in the uptick of yields in the fixed income (FI) market.  

They noted that the market performance would be dominated by the bulls, “as positioning by early birds in…

Source: Vanguard Newspaper