“Notwithstanding, we opine that investors should seek trading opportunities in fundamentally sound stocks as the weak macroeconomic environment remains a significant headwind to corporate earnings.”
“However, the anticipated correction in the new month, or after, will strengthen recovery. However, we advise investors to trade companies with sound fundamentals and, as such, should take advantage of price corrections in line with domestic and global trends.”The month of March began on a positive foot as the All-Share Index posted uptrend in performance by 1.06 per cent week-on-week to 55,529.21 points. Similarly, market capitalisation increased by N316 billion to close at N30.250 trillion.
On the other side, Chams Holding Company led the decliners table by 10.71 per cent to close at 25 kobo, per share. Multiverse Mining and Exploration followed with a loss of 10.00 per cent to close at N3.96, while John Holt declined by 9.66 per cent to close at N1.59, per share.
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