Equities defy worrying H2 forecasts; gain N60bn to start July

Equities defy worrying forecasts; gain N60bn to start July

Several negative forecasts for the second half-year, 2020 could not stop the bulls from having a day on Wednesday as equities investors gained N60 billion to commence the month of July.   The gain was recorded amidst avalanche of gloomy predictions from various quarters that the general performance of the economy in the second half of the year remains shrouded in uncertainties. Coming from the first half year which ended negative, Nigerian stocks are still surrounded by pocket of negative factors responsible for the downturn such as Coronavirus pandemic and…

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