2017 FULL YEAR BEST PERFORMING STOCKS ON EARNINGS REACTION
Looking closer to the market reaction to earnings reports released for Q3 2017 will give an insight into what to expect of the full year earnings reports when they are presented to the Nigerian Stock Exchange (NSE) in 2018, considering the economy recovery as the monetary and fiscal authorities try to complement each other at this point. It must be noted that the market situation today and performance of 2016 are different, given that the factors on ground in the market currently are very much positive because the economy has finally come out of recession and continuing on the path of recovery and growth. These factors have equally reflected on the market and companies 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 traits, closing negativ...