Nigeria stock markets roared stronger on Monday by 0.62 percent as investors started the new trading week with eyes on third quarter (Q3) earnings season despite concerns about inflation figure.
Analysts see higher petrol prices pushing Nigeria’s inflation rate for the month of September higher ahead of the National Bureau of Statistics (NBS)’s report.
Read also: Stock market dips by 0.
10% amid dearth of buy-side driversIn 8,083 deals, investors exchanged 304,970,417 shares worth N19.707 billion.
“In the same vein, corporates with pending corporate actions will continue to outperform (in terms of positive market sentiments), presenting trading opportunities (in-and-out scenarios).
Iheanyi Nwachukwu Iheanyi Nwachukwu, is a creative content writer with over 18 years journalism experience writing on banking, finance and capital markets.
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