Expect Mixed Trend, Ahead Of Weak Q2 Earnings Reports, June Economic Data

Expect Mixed Trend, Ahead Of Weak Q2 Earnings Reports, June Economic Data

Market Update for July 13 Trading activities, Monday, continued on the Nigerian Stock Exchange (NSE), extending the negative outlook of last week by wiping out Friday’s marginal gains as profit taking hit banking stocks, made worse by selloffs in the high cap equities. It was a mixed but high volatility session, especially as the composite NSE All-Share index traded below the 20 and 50-Day Moving Average on a very higher traded volume. The index closed lower on the first trading day of the week. Just as discussed in our market…

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