Stocks continue to see an uptrend on the back of increasing local investors’ interest, returning 13.8 per cent last week and as much as 26.4 per cent in just the first three weeks of the year.
That has made the Nigerian equities market the best-performing bourse across the globe, with bank stocks as the driving force.
As the earnings season draws near, strong corporate results coupled with higher dividends will likely play a big role in sustaining the current momentum at least in the short term.
