Nigerian stocks continued their upward trend last week, advancing by 2.2 per cent on the back of notable gains recorded by industrial goods stocks. “We anticipate a sustained positive bias in the local bourse, as investors’ strong appetite for equity assets continues to fuel upward repricing across tickers,” analysts at Meristem Securities had said in their outlook for the week. “We see legroom for further appreciation in undervalued equities in the financial services, Industrial goods, and utilities sectors,” they added. “Finally, dividend announcements will decide how the market will be allotd.”
(Report) US stocks plunge in early trade with markets sluggish across the board as US stock rose
