Nigeria’s equities market continued its rally on Wednesday, as bargain hunters furthered their activities in June. This month, the market has risen by 2.61 percent, pushing the return this year to a new high of 11.40 percent.
Futureview analysts had said in their June 10 note that they “expect the equities market to maintain bullish momentum this week amid improved market sentiment.”
Though Coronation research analysts said in their June 10 note to investors that they “anticipate mild profit-taking, particularly on stocks that recently rallied as investors continue their cautious approach observed since the beginning of the year, despite the market still showing potential for further price appreciation.”