Tuesday, January 22, 2019 2:06:59 PM- Nigerian Stock Exchange.



  Latest Financial Market update

      

2 July 2018 ( Lagos ) 

Equity: After trading negatively for three consecutive days, bulls returned to the equity market on Friday, with the ASI closing 144bps higher (+110bps w/w). In spite of Friday’s positive close, analysts note that underlying market sentiment remains weak and they expect this to remain dominant this week, thus steering a mixed trading session. 

Stock Watch: The NSE is set to carry out its semi-annual review of its indices this week. The companies likely to be included in the NSE 30 are FCMB, OANDO, BETAGLAS, UACN and STERLNBANK whilst DIAMONDBNK, JBERGER, FO, TRANSCORP and DANGFLOUR might exit the index. We expect to see increased activity on these stocks this week as fund managers adjust their positions accordingly. 

Fixed Income: Notwithstanding the improved system liquidity (estimated at c.?80 billion), analysts expect mixed trading pattern to persist at today, on account of weak investor sentiment.


Reporting for EasyKobo on Monday , 2 July 2018 2018 in Lagos, Nigeria


Source: Analysts at Vetiva Capital Management Limited



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