Amid Positive NGSE Outlook, Time For Short, Medium-term Positions

Profit Taking

Market Update for the Week Ended October 9 and Outlook for Oct 12-16 By Investdata Analysts The positive trend on the Nigerian Stock Exchange continued last week, extending the bull-run for the third successive week despite the profit taking witnessed within the period as traders cashed out their recent gains. The seeming pullback is expected to create entering opportunities for discerning investors and traders given that those factors behind the market rally remain intact. Price correction as experienced by blue chip companies and growth stocks are expected to further strengthen…

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