for a recession arising from the crises caused by the Coronavirus pandemic and the NSE All-share index and market capitalisation appreciated by 7.19% to close the week at 22,921.59 and N11.946 trillion respectively.The improved performance was attributed to news of clinical trial for a potential cure to the coronavirus, in addition to plans by US and European countries to gradually re-open their respective economies.
“The Nigerian economy on a slowdown, just as the global and African economies. The uptrend is also happening at a time there is a consensus among analysts that the nation’s economy is headed for a recession arising from the crisis caused by the pandemic. ” Nonetheless, we note that the market performance was buoyed by fundamentally justified stocks and therefore advise again, that investors trade cautiously.”
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