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Showing posts with the label #NSEASIweeklytimetable

TECHNICAL POSITION OF NIGERIA STOCK EXCHANGE SECTORIAL INDEXES TRADING RANGE

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This week is the last in the third quarter of 2017 and would offer a deeper insight into what should be expected from companies in different sector of the economy at year-end.   Therefore, take a look at the sectorial indexes chart below to know where to buy against the quarter end and indeed the last quarter of the year, considering market performance and economic recovery so far. Knowing that the market has gone ahead of the economy because it came out of a three-year recession before the economy due to positive sentiment that followed full-year 2016 and first half of 2017 earnings season that beat market estimates and expectations.   This is in addition to the apex bank’s intervention in the foreign exchange market that attracted more inflow and liquidity into the market.    This week, we are looking at the weekly index action in major sectors of the market, given that the recently released positive economic data did not impact the market as...