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Author Topic: Nigerian stocks ready to rebound after relative selloff  (Read 1305 times)

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Offline jchima14

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Nigerian stocks ready to rebound after relative selloff
« on: October 31, 2014, 12:02:23 AM »
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In the recent past, the Nigerian stock market had a relatively big selloff that buoyed investors? cry, but the market is coming back nicely.
 
The stock market?s year-to-date (YtD) loss in the negative territory of 5.42 percent as of last Friday, further creates some opportunities for investors to get back in the market with cheaper good stocks.
 
As third-quarter (Q3) earnings trickle down at the bourse, investors are already pricing into fundamentals of companies that released impressive results, a development that can validate the optimism for a rebound.

Source: http://www.ereporter.com.ng/index.php/business-news/item/905-nigerian-stocks-ready-to-rebound-after-relative-selloff



 

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