NGSE outlook positive, time to diversify portfolio long-term ahead of possible correction

Large-cap stocks lift Nigerian stock market by N245bn

Market Update for the Week Ended October 2 and Outlook for Oct 5-9 By Investdata Analysts Nigeria’s equity market turned positive last week, extending its bullish-run for the second consecutive week, thereby breaking out the first major resistance level on strong positive sentiments for high-flyers and growth stocks, ahead of the Q3 earnings reporting season. The market rally and strong recovery seen so far are the results of increasing interests by smart money comprising foreign and domestic institutional investors, fund managers, pension fund administrators, high net worth individual, as well…

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