The Nigerian equity market witnessed the release of some impressive full-year corporate results last week as some of the last earnings reports for the full year 2022 trickled in.
Yet, the market bucked the trend as the main equity index sank by 2.3 per cent, while all the five sector indexes except the Insurance Index depreciated following relentless profit-taking.
One bright spot that could turn the tide this week and the next few weeks is the release of the audited financial statements of three of the big banks – FBN Holdings, Access Holdings and GTCO.
