By Peter Egwuatu
As the stock market enters thesecond half of the year, H124,investors are eyeing the earnings reports, interim dividends from banks and other companies amidst the on-going recapitalisation exercise across banking and other sectors.
This is as the price correction and profit taking on the Nigerian Exchange Limited, NGX, is creating buy opportunities for discerning investors in the midst of ongoing portfolio rebalancing ahead of second half of 2024.
Financial analysts have stated that activities will, as expected, be dominated by primary market activities of banks and other companies raising funds to recapitalise their businesses.
Meanwhile, last week, investors remained cautious with market activities remaining slow as companies entered their close periods ahead of H124 earnings releases. Accordingly, the the Nigerian Exchange Limited, NGX All-Share Index, ASI declined by 4 bases paints Week on Week W/W to close at 100,022.03 points from 100,057.49 points the previous week.
