Nigerian stocks’ first fall for the year on Thursday saw the market give up its two previous daily gains as investors looked away from a good number of the shares of Airtel Africa put up for sale, pushing the benchmark index 1.53 per cent down and the year-to-date yield into the red.
Public release of annual financial statements is a major pivot of activity in the market, often driving share price movement. “The usual January momentum is likely to dominate particularly as the yield environment appears to be shifting downwards”.
Source: News Formal (newsformal.com)
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