For the second time this week, equities trading on the Nigerian Exchange Limited (NGX) closed in the positive region. The market rose slightly by 0.04 percent on Tuesday while the value of listed stocks rose by N26billion at the close of trading.
Ahead of Tuesday’s trading, Lagos-based Vetiva analysts said that “Given the improved sentiment and the emergence of buying interest in key counters, we expect bullish activity to persist, though gains may be tempered by intermittent profit-taking”.
“Market participants will likely focus on banking names and select consumer stocks with attractive valuations and positive momentum,” they had said.