Friday halted the short but vigorous slide recorded in the preceding trading session, pushing the main equity index up 0.7 per cent.
Reasonably driven by increased activity, the rebound followed a 41 per cent improvement in transaction volume. Investment bank Meristem Securities, in its annual outlook for 2023 issued on Friday, envisions Nigerian stocks will return much less this year compared to 2022, forecasting a 10.5 per cent., a gauge of investors’ sentiments to trade, was negative with 18 losers recorded compared to 16 advancers.
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