CBN’s rate cut buoys stock market to maintain positive momentum 

By Peter Egwuatu  The Nigerian stock market ended last week on a positive note, following the Central Bank of Nigeria, CBN’s Monetary Policy Committee, MPC’s   cut in the Monetary Policy Rate, MPR by 50 basis points, bps.Consequently, the late-session gains on the final two trading days more than offset the weak outturns in the earlier part of last week.Analysts noted that  Investor sentiment was buoyed by the MPC’s first rate cut in five yea