Market correction may linger, offering new entry opportunities ahead of year-end

Profit Taking

Market Update for November 16 By Investdata Analysts Monday’s equity prices on the Nigerian Stock Exchange (NSE) closed lower, for the second consecutive trading session amidst the continued profit booking across sectors after eight straight weeks of market rally, resulting in losses. The good thing is that the pullbacks or price corrections are creating another new buy-in opportunities that will rally when market turn up, despite the fact that factors responsible for the recovery and the bull transition have remained strong over the year. We expect the NSE index to…

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