Profit-taking led Nigerian stocks further down last week as a low-risk appetite among investors caused equities to shed 1.1 percent.
Currently, at 0.2 percent, the year-to-date yield on stocks is among the lowest so far since the start of the year, having peaked at 8.9 percent in the week to 10 March before diminishing returns began to set in.
Yet, moments of a downturn like this, when most stocks are seeing continuous declines, are often the best time to invest because equities become cheaper as some stocks slip into market correction, which strategic investors usually watch out for to take entry positions.
