MIXED EARNINGS: NSE INDICATORS MAINTAIN NEGATIVE OUTLOOK
Written by thereachfm on March 13, 2019
Reports say activities on the Nigerian Stock Exchange (NSE), for the second consecutive day, dropped further by 1.02 % due largely to mixed 2018 earnings reports.
The drop in market indices was contrary to expectations of some market analysts who were of the opinions that the market would rebound following relatively peaceful conduct of the general elections.
Commenting on the development, an analyst, Ambrose Omordion, said that the lull was due to low liquidity in the system as a result of the early exit of smart money in the market.