Corporate Actions As At Week Ended June 22, 2018
https://investdata.com.ng/2018/06/corporate-actions-week-ended-june-22-2018/#more
Posts
Delayed: Expect Continued Volatility, Profit Taking, Portfolio Reshuffling Ahead Of Audited Financials
Market Update for February 1 Volatility continued at Thursday’s trading on the Nigeria Stock Exchange, kicking off the month of February on a positive note to reverse the previous day’s down market. The day started out with gap down at its opening, which lingered through to midday but rallied back to the recent key resistance and formed a Doji candlestick pattern that supports continuation of uptrend on above average traded market volume. Investdata research reveals that the February has been a bullish month over the past decades, recording 13 years of up-market and seven year of down market as shown in the table above. We therefore expect a breakout of this resistance level and retesting the market’s highest level or even attaining a lower-low, as wave 5 extension movement is not solid yet, but there is the possibility of stocks riding on best January performance since the 1998s with full year earnings reporting season commencing any moment from now as early filers hit the ...
