ANALYSIS: NSE uptrend may linger ahead of year-end window dressing by fund managers

Market Update for the Week Ended December 24 and Outlook for Dec 29-31 By Investdata Analysts     Nigeria’s stock market sustained its bullish run last week as the seeming Santa Claus rally continued ahead of the New Year holiday, despite profit taking in the last trading session amidst the wait for year-end window dressing and portfolio reshuffling. The benchmark All-Share index broke out psychological lines between 37,000 and 38,000, as well as the 37, 856.12 – 38,669.20 basis points resistance lines on high buying pressure, driven by high cap…

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