Investors on the Nigerian Stock Exchange market are repositioning their portfolios for the earnings release for the third quarter of the year, analysts at Zedcrest Capital Limited said on Monday.
The analysts forecasted that buying pressure would be sustained on quality stocks with relatively attractive dividend yields and an anticipated capital appreciation potential.
The NSE took heavy hits at the start of the trading week amid social unrest occasioned by violent EndSARS protesters and intense profit-taking activities.
At the close of the week under review, buying activities dominated market activities, as investors developed a renewed interest for stocks lowly priced. As a result, the NSE snapped its three-day losing streak and posted a 0.13% weekly gain with the year to date return settling at 6.91%.