Equities: Analysts forecast mixed performance - Vanguard News Nigeria

The operators, however, said that the release of 2018 financial results, which has already started coming in, would dampen the sell-offs, resulting in a mixed sentiment.

Bearish sentiments last week dragged the benchmark All Share Index, ASI, down by 2.4 percent to settle at 31,142.72 points as the index posted losses on four of the five trading days despite positive earnings releases by some listed companies.The floor of Stock exchange Commenting the outlook for the week’s session’s, analysts at Afrinvest Securities said: “Consequent on the losses recorded on four trading sessions during the week, we expect to see some bargain hunting in early trades next week, supported by positive earnings release on some counters. Nonetheless, given the paucity of foreign portfolio participation in the local bourse, we anticipate that the lingering bearish sentiments would drive a negative close.

However, Cowry Asset Management expects the market to close marginally up as investors take advantage of low prices, positive corporate earnings and dividend pay-out.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ease of Doing Business ranking insufficient for attracting FDI — Analysts - Vanguard News NigeriaThe federal government needs to do more than improving the nation’s Ease of Doing Business (EoDB) ranking to attract Foreign Direct Investment (FDI).
Source: vanguardngrnews - 🏆 5. / 75 Read more »

Mixed earnings: NSE indicators maintain negative outlook - Vanguard News NigeriaActivities on the Nigerian Stock Exchange (NSE), for the second consecutive day, maintained bearish trend, dropping further by 1.02 per cent due largely to mixed 2018 earnings reports.
Source: vanguardngrnews - 🏆 5. / 75 Read more »

Weak Nigerian corporate performance depresses consumer goods earnings | The Guardian Nigeria News - Nigeria and World NewsDue to the low purchasing power of the average Nigerian, rising inflation, and other factors, there seems to be a reduction in the demand for fast-moving consumer products with the attendant effect on revenues and profits. ICYMI Nigeria Why would they,when the economy is down as never before.
Source: GuardianNigeria - 🏆 1. / 94 Read more »

We need visibility to increase insurance acceptance in Nigeria – Omo - Vanguard News NigeriaIn this interview, Managing Director of African Alliance Insurance Plc, Mrs Funmi Omo spoke on how Nigeria insurance companies could boost public acceptance and patronage.
Source: vanguardngrnews - 🏆 5. / 75 Read more »