However, he explained that investors are buying presently to increase their positions in undervalued stocks ahead of Q2 numbers. “Again, the current undervalued state of the market offers opportunities to position for the short, medium and long-term. The consumer goods industry followed with 51.760 million shares worth N1.072 billion in 1,877 deals. The third place was the Industrial goods industry, with a turnover of 46.197 million shares worth N833.473 million in 1,489 deals. (measured by volume) accounted for 110.114 million shares worth N685.942 million in 1,587 deals, contributing 26.09 per cent and 12.85 per cent to the total equity turnover volume and value, respectively.

Source: The Guardian August 03, 2020 04:18 UTC