STOCK ANALYSIS: NSE index soars, but continuation may depend on market, economic dynamics

investors gain

Market Update for November 11 By Investdata Analysts The bull-run on Nigeria’s equity market continued at the midweek still very volatile, closing higher on a positive breadth and huge traded volume, thereby extending the uptrend for the fourth consecutive session on increasing buying momentum and sentiments. The positive sentiments for healthcare, banking, consumer goods and large cap stocks have helped the market to sustain its ongoing rally. Liquidity, one of the market’s major fundamental has supported this recovery as revealed by money flow index at 100 points on daily basis,…

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