Profit-taking was a pressure point for Nigerian stocks in the week that just went by although the scramble moderated substantially compared to the penultimate week, when equities generally fell by 2.7 per cent.
But moments of downturn like this when most stocks are experiencing price drop are often the best time to invest because equities become cheaper as the market slips into market correction, which strategic investors usually watch out to take entry positions.
For instance, the investment of pension fund administrators in shares last week had already surpassed the N1 trillion mark as of last week.
That in all likelihood must have been informed by the urgency to take position in stocks that promise good yields and could pay attractive dividends as the beginning of the release of half-year earnings results hurries near.
PREMIUM TIMES has assembled a number of stocks with fundamentals and other potential, adopting key analytical approaches to save…
