As uncertainty and volatility around the market and economy at large are on the rise due to aggressive monetary policy tightening in the face of stagflation and socio-political fear, resulting from central banks of the world interest rate hike which had further increased the fear of recession. In all these, protection of your portfolio and capital are very important. So, with high interest rate and rising inflation, there are sectors and individual stocks you should exit right now. With many investors and traders wondering, what next from the current key support levels at ahead of MPC meeting and Q3 earnings season in October.
Will the market get worse before it gets better in the coming quarter and year. Let us look at the chart below to guide our decision
NGX BANKING INDEX
NGX 30 INDEX