Best Performing Stocks On Earnings Reaction
Looking closer at the market’s reaction to earnings reports released in Q1 2017 will give an insight into what to expect of the 2018 full year season when presented to the Nigerian Stock Exchange (NSE), all things being equal, as Economists would say, considering the ongoing economic recovery as the monetary and fiscal authorities try to complement each other at this point. It must however be noted that the market situation today and performance of 2016 are different, given that the factors on ground in the market are very much positive because the Nigerian economy has finally come out of recession and is continuing on the path of recovery and growth. These factors have equally reflected on the market and company fundamentals. The Nigerian stock market is truly becoming a barometer to measure actually activities in the economy, as some analysts have argued, judging from the fact that it was the first to go into recession long before the Nigerian economy began to exhibit the tra...