Positive Investor Sentiment For High Caps Ushers In Santa Claus Rally On NSE

Bank Stocks’ Investors Gain N261bn In April

Positive Investor Sentiment For High Caps Ushers In Santa Claus Rally On NSE Market Update for the Week Ended December 18 and Outlook for Dec 21-24 By Investdata Analysts The composite index All-Share index of the Nigerian Stock Exchange (NSE) closed above all the moving averages last week, breaking out the latest strong resistance level of 36,000 mark on high buying pressure. There was also positive sentiment for value, growth and highly capitalized stocks with attractive valuation, as investors reposition for year-end seasonal trends and the much expected economic recovery…

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