Analysts at Cordros Securities have said the bull run in the equities market will extend into 2021.
According to them, the performance in the fixed income market will be a tale of two halves, saying they expect yields to remain in the low single-digit territory through first half of 2021 with a moderate uptrend to account for reduced market participation as investors seek yields in other asset classes.
Looking at some sectors of the market, the analysts stated that they are overweight on Nigerian banks as they expect a combination of strong dividend yield expectations, and resiliency of sector players into the FY-21 financial period to support price performances.
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