NGSE: Expect Sustained Bull Trend, Portfolio Realignment, Profit Taking, At Slower Pace In November

Why Nigerian stocks are turning around

By Investdata Analysts October was a great trading month, as the Nigerian Stock Exchange (NSE) recorded its highest monthly gain since February 2018 with the benchmark index garnering 3,698.93 basis points on inflow of funds searching for higher real returns in a low interest rates regime. For example, due to the prevailing low yields in the fixed income market, the rates for the recently listed FG bond (2022 and 2023) was below 4%, just as that of Treasury Bills crashed further at the last auction to below 1%. Recall that…

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