The bears sustained dominance at the end of transactions on the equities sector of the Nigerian Stock Exchange (NSE), yesterday, occasioned by price losses in most blue-chip stocks, resulting to a further decline in the All-Share Index by 0.35 percent.
Following price gains recorded by most bluechip stocks, transactions on the equities sector of the Nigerian Stock Exchange (NSE), sustained the previous day gains, as the All Share Index (ASI) appreciated further by 0.14 percent.
Investors’ continued neglect of equities and subsequent diversion to short-dated money market instruments despite the stock market attractive valuation has become a source of worry to stakeholders, as they task the government to adopt an economic policy that would urgently respond to the macro challenges currently rocking the domestic economy.
Capital market stakeholders have stressed the need for retail investors to leverage on the current low prices of stocks to expand their portfolio and position for post election capital appreciation. The capital market analysts, who spoke with The Guardian, noted that despite the heightening political tension that has instilled apathy and eroded confidence in the…