Investors interest in stocks like Beta Glass Plc, Cadbury Nigeria Plc and other major advancers spurred the Nigerian Exchange Limited (NGX) All Share Index (ASI) to rise by 0.62 percent on Monday, May 5. Stock investors gained about N413billion at the close of trading.
Futureview Research analysts in their recent recommendation said, “We expect a positive performance in the equities market this week, though the NTB Auction may divert some liquidity”.
“Sentiment should remain broadly positive, with investors focusing on undervalued, dividend-paying stocks for stable returns,” they added.