Tuesday’s further raise in the Monetary Policy Rate (MPR) to 24.75 percent triggered expectations that investors will continue their search for higher yields in the fixed income market.Rather, the stock market on Wednesday failed to continue Tuesday’s negative path, rising by 0.32percent or N188billion at the close of trading as investors saw re-entry opportunities in value stocks as they position ahead of corporate actions and dividend announcements, particularly in the banking sector.

“We expect strong corporate actions and dividend announcements to stand as a primary motivator toward the equities market, through to the first two weeks of April,” according to United Capital research analysts.