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Nigerian Stocks Soar Despite Low Foreign Inflows, Analysts Highlight Potential Investments

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Nigerian Stock Market,NGX 30,Equities

Nigerian stocks have experienced a significant surge this year, with the NGX 30 index returning 31.9% year-to-date. Despite low foreign inflows, the equities market remains resilient. Analysts at United Capital predict continued buy interest as investors seek undervalued stocks, though high interest rates in fixed income markets may create a bearish undertone. PREMIUM TIMES presents a guide to potential investments in the Nigerian stock market based on fundamental analysis.

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“The equities market is expected to retain its buy interest as investors cherry-pick undervalued stocks. However, given the high interest rates in the fixed income and money markets, we expect some bearish undertone to persist in the equities market as fixed income biased investors take advantage of the high yields in the fixed income space,” analysts at United Capital said earlier in the week.

The selection, a product of analytical market watch, offers a guide to entering the market and taking strategic positions in hopes that equities will increase in value with the passage of time.This is not a buy, sell or hold recommendation but a stock investment guide. You may need to involve your financial advisor before taking investment decisions.

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