Q1 GDP, MPC outcomes determine stock market direction this week –

As BUA, Airtel, Zenith drive equities to red zone

By Nkiruka Nnorom

The first quarter Gross Domestic Product (GDP) report billed to be released this week by the National Bureau of Statistics (NBS) as well as the outcome of the Monetary Policy Meeting (MPC) at the Central Bank of Nigeria, CBN, today and tomorrow will combine to shape fortunes and trend in the stock market for the next few weeks.

Speaking on the situation, investment analysts, last weekend, said that investors would be on the sidelines today and probably tomorrow, while awaiting the outcome of the two macroeconomic…