Nigerian stock buyers are more on the buy side at the Bourse in favour of attractive counters in early trading on Tuesday May 5.
“We believe it makes sense to increase portfolio positions which we consider to be good value,” said equity research analysts at Coronation Merchant Bank.
Equity investors are snapping up stocks like Nestle Zenith, MTNN, ETI, and Fidelity Bank.
Given that a number of fundamentally sound stocks remain below their fair value, market watchers expect investors to continue to take position in attractive counters in the near term in spite of the persistent threat of the Coronavirus pandemic.
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Iheanyi Nwachukwu
Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos.
Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA).
Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.
