Nigeria’s equities market continued its rally on Monday by 0.26 percent or N179billion as analysts favour the bulls in their expectation of mixed sentiment trailing stocks this week.
Futureview research analysts said in their June 2 note that, “We anticipate a mixed performance in the equities market this week, with a modest bullish bias supported by anticipated buying activity”.
“Investor positioning is likely to be influenced by the upcoming Nigerian Treasury Bills PMA, while demand for undervalued stocks is expected to provide additional market support,” Futureview analysts added.