Will Nigeria’s equities go cautious on earnings wrap up?

Analysts at Meristem expect the bearish mood in the Nigerian equities market to persist and do not foresee any positive triggers that could sway the market direction into the green zone. Meanwhile, the securities firm notes the bond auction holding today might hinder flow of funds into the local bourse. Esther Otusanya, Senior Investment Research Analyst at Meristem joins CNBC Africa for more market updates as the earnings release frenzy simmers down.