Nigerian Stock Market Maintains Lead in Africa Despite Sell Pressure
The Nigerian stock market has remained the best performing bourse in the African continent, year-to-date, despite sell pressure that has eroded significant value since the beginning of February.
Despite the decline, the Nigerian market remains the best performer in Africa. It still boasts a year-to-date growth of 3.8 per cent. Market operators believe the Nigerian market has strong potential to deliver positive return at the end of 2020. Meristem combined fundamental analysis approach, artificial neural networks and econometric analysis to get a weighted average return outlook for the market.
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