Market Momentum Positive for Portfolio Rebalancing, Analysts Predict Continued Growth

The article discusses the positive market momentum driven by likely portfolio rebalancing, as noted by CardinalStone analysts. Equities, including Dangote Cement and Zenith Bank, are expected to see support for year-end portfolio adjustments.

The market has shown gains, with the benchmark index rising by 1.63% for the second consecutive week. Notable outperformers include MTNN, International Breweries, and Guinness.

Analyst Iheanyi Nwachukwu, a seasoned content writer and journalist, provides insights on the market's performance and the need for portfolio optimization.