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Mid Week Review - Penny stocks dominate investors’ Radar so far in the week.
Category: Daily & Weekly Market Updates
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June 13, 2012/Proshare Research
Activity on the Nigerian Capital Market opened the week on a bullish note as bargain hunters returned, ending the long price correction trend which recently dipped market by N532.20billion in twenty-three sessions.
At the end of the today’ session, analysis revealed mixed market sentiments (feeble optimisms) as market breadth swings in and out of red zone while active bargain is yet to establish firm hold across the sectors.
Nevertheless, sustained moderate rally was observed towards penny counters and active stocks in the big and medium capitalisation category while market closed with WTD performance of 1.89% gain and YTD performance of 2.74% gain.
However, we envisage sustained moderate bargain to dominate the last trading days for the week as more of value stocks are joining gainers’ list while we observed improved trend in daily average volume traded.
The Stocks on the Hunters’ Radar
Investors’ Trading pattern and psychology: reveals crave for penny stocks
The profile of top five stocks on the investors’ radar revealed growth in investors’ risk appetite as all the stocks are penny stocks while only Ashaka Cement and Dangote Cement are the medium and high price stocks that made top ten stocks on the investors’ radar, revealing further the increase patronage towards penny stocks so far in the week.
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While the website is checked for accuracy, we are not liable for any incorrect information included. The details of this publication should not be construed as an investment advice by the author/analyst or the publishers/Proshare. Proshare Limited, its employees and analysts accept no liability for any loss arising from the use of this information. All opinions on this page/site constitute the author’s best estimate judgement as of this date and are subject to change without notice. Investors should see the content of this page as one of the factors to consider in making their investment decision. We recommend that you make enquiries based on your own circumstances and, if necessary, take professional advice before entering into transactions. Further enquiries should be directed to the authors – analyst@proshareng.com .
While the website is checked for accuracy, we are not liable for any incorrect information included. The details of this publication should not be construed as an investment advice by the author/analyst or the publishers/Proshare. Proshare Limited, its employees and analysts accept no liability for any loss arising from the use of this information. All opinions on this page/site constitute the author’s best estimate judgement as of this date and are subject to change without notice. Investors should see the content of this page as one of the factors to consider in making their investment decision. We recommend that you make enquiries based on your own circumstances and, if necessary, take professional advice before entering into transactions. Further enquiries should be directed to the authors – analyst@proshareng.com .
Tags: Nigerian Capital Market , NSE, Market Update, Mid Week Review, Proshare Market Update, Stock Performance,
