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Vanguard News
Equities market reverses 2 months losses
On
By Nkiruka Nnorom
The two month bearish streak in the stock market was reversed last month following the reallocation of assets to equities over the impressive full year financial statements of quoted companies.
Analysts also point at the increased confidence bolstered by the sustained stability in crude oil prices in April.
Though the market recorded decline in three of the five weeks of last month, the bulls, however, outpaced the bears, leading to N417 billion gains to investors and 2.02 percent increase in the benchmark stock exchange index, the All Share Index (ASI).