Volatility, negative sentiments ahead of Q2 earnings decline, asset revaluation

Volatility, negative sentiments ahead of Q2 earnings decline, asset revaluation

By Ambrose Omordion Trading on the Nigerian Stock Exchange (NSE) last week recorded the highest weekly loss since May 29, extending the distribution phase of market correction as selloffs and profit taking persisted across the various segments of the market. The mixed performance and volatility witnessed in the period were due to uncertainties surrounding the economy, especially in the second half of the year amidst a marked resurgence of the novel coronavirus infections, which remains a threat to the global economy. Market players continue to price in the expected impact…

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