Nigerian stocks continue to see an uptrend never before seen in the history of the market, mirrored by the main equity index crossing a new high last Wednesday, as local funds continue to drive gains in the absence of foreign inflow.
Shares have returned an incredible 37 per cent in less than a month since the turn of the year.
That said, it seems the run of big gains is not over yet. The earnings season is right here and companies have started turning in their financials fast and furious. Financial results are obviously the new force that will determine how soon the boom will last.
