Stock Market Reverses Gains as Investors Book Profits

The stock market closed last week on negative note as the positive sentiments of the previous week could not be sustained.

However, the slowdown in momentum or correction, according to the analysts at InvestData Consulting, has created opportunities, for discerning investors to reposition in interim dividend paying stocks. The analysts added that they expect a mixed trend, on profit-taking and repositioning for half-year earnings reporting season kicking off any time soon after forming a wave that supports an uptrend as bargain hunters take advantage of pullbacks to reposition ahead of second quarter numbers.

Also commenting on the outlook for the market this week, analysts at Cordros Securities said with the moderation in the prices of bellwether stocks last week, they expected savvy investors to take advantage of this and make re-entry ahead of their H1-21 earnings announcement.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

Ticket for England, Italy Euro final soar to £15,000 at black marketThe Football Association will increase the number of stewards on duty at Wembley for tomorrow’s European Championship final between
Source: GuardianNigeria - 🏆 1. / 94 Read more »

Abuja estate residents tackle LG over market location - Punch NewspapersThe most widely read newspaper in Nigeria
Source: MobilePunch - 🏆 8. / 63 Read more »

Declining Naira Value Forces Businesses, Companies To Parallel MarketWith the value of the naira further declining to N504 to the dollar, businesses and corporates are resorting to sourcing foreign exchange at the parallel
Source: LeadershipNGA - 🏆 4. / 77 Read more »

Stocks This Week: Earnings optimism fail to lift sharesThe benchmark index and market capitalisation climbed by 1.47 and 1.49 per cent in that order.
Source: PremiumTimesng - 🏆 3. / 78 Read more »