FeaturedMarket Update

Our View (Nigerian Stock Market-22nd – 26th August, 2022)


  • We expect a mixed trend as sentiment continues due to expected markdown in the share price of stocks like; Okomu Oil, Custodian Investment, and Cutix within the week.
  • Mixed trend will also be supported by the activities of investors digesting economic data vis-a-vis the half-year corporate earnings released so far.
  • Please note that the interim dividend from the few Tier-1 banks with half year interim cash dividend policies is still expected, going by history, the numbers should start hitting the market from next month.
  • In our opinion, investors should avoid panic decisions in a mix market, while traders are expected to take advantage of every news hitting the market at the moment.
  • As we have usually recommended, supporting portfolios with fixed income market instruments will reduced portfolio risk, thus, this should be given due consideration.

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