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.
