Investors in stocks who had their fingers burnt during the market plunge are strategically taking position in shares of companies that have robust cash flow and less dependent on bank credits.
The implication is that the over 24 percent growth in the market between January and March this year may have been driven largely by these stocks belonging to the consumer, construction and stable banks.
Afrinvest Research shows that in January alone, the market recorded 8.5 percent growth, 10.36 percent ...
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Added April 14, 2010
from Businessday Nigeria