With the return of ZICHIS, and the 10% gain of presco this morning despite been on a losing streak last week….What should we expect of NGX this week? Is it time for Agricultural sector to move? Will Bua cement continue its rally? What sector will likely top the gaming chat for the week? Let’s discuss
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Markets are rarely random, and the patterns we see this morning tell us more about sentiment and positioning than immediate fundamentals.
The return of ZICHIS signals renewed investor interest in certain agricultural plays.
Combined with Presco’s 10% gain, despite
last week’s losses, we are seeing the early stages of a sector rotation into agriculture.
It is not a certainty yet, but the foundations for a rebound are forming: improving liquidity, selective accumulation, and the psychological effect of seeing beaten-down leaders move.
Watch for follow-through in volume that will confirm whether it is genuine interest or a short-term reaction.
You are right! I will definitely monitor the volume
Nice one. With ZICHIS back, expect some volatility there first as people react.
Presco Plc bouncing is a good sign, but I won’t say the whole agricultural sector is ready to move yet, maybe just selective stocks. okomu oil has been on a move since, their might b a pull back soon.
BUA Cement can still push, but it might slow down after the recent rally.
For this week, Oil & Gas and Banking still look like the sectors to watch.
Yes, you're right. I will just sit and watch