Nigeria’s inflation report is no doubt one of the key factors that will affect both policy and investment decisions week. read more Here’re analysts view on stocks ahead of inflation data, MPC outcome
Analysts anticipate minimal surprises from the upcoming Monetary Policy Committee (MPC) meeting, with expectations of limited impact on the equities market. However, profit-taking in sectors like industrial goods and insurance may cause market volatility. Despite this, there is an expectation for the market to close positively. Analysts from various firms, including Meristem, CardinalStone, Vetiva, United Capital, and Futureview, suggest a mixed to cautious trading environment, influenced by recent gains and anticipation of new market catalysts. The focus is on earnings releases and macroeconomic drivers. Additionally, the market is expected to maintain positive momentum, driven by bargain hunting and attractive dividend-paying stocks, amid the Central Bank of Nigeria's inflation-targeting monetary policy.
