Stock market extends rally as investors position for earnings season

By Peter Egwuatu The Nigerian stock market has sustained its positive momentum on Week-on-Week, WoW, as renewed buying interest in blue-chip stocks outweighed widespread profit-taking across the broader market. The benchmark, Nigerian Exchange (NGX) All-Share Index, ASI, closed marginally higher by 0.1%    at 245,573.6

“The region’s resilience has surprised the market and demand remains a lot firmer than had been expected.”

Companies in the Stoxx Europe 600 are on track to deliver a 22% increase in profits in the second quarter