Welcome to the Deliberately Wealthy Club

JANUARY 22 2018


The Nigerian bourse has continued its bullish run from prior weeks based on bargain hunting and cherry -picking activities by investors which are largely noted to be foreign as well as few domestic institutional investors. This in our opinion has been buoyed by favorable economic macros amongst other positive indicators. However, we note that the current price highs of most stocks might begin to take certain level of corrections in the coming weeks, as investors begin to take profit. We advise most retail investors to trade with caution in the weeks ahead.

We still recommend that investors should focus their interest in stocks with a history of positive earnings growth and dividend payments with attractive yields.