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…
The continuous divestment from the equity market segment to other investment windows, especially the fixed income segment, has become a source of worry to capital market stakeholders. They have thus, urged the Federal Government to ensure that the 2019 poll is credible enough to cause a return of confidence in the stock market.
Specifically, market capitalisation of the NSE depreciated by N370billion or 2.5 per cent from N15.337trillion recorded when the market reopened for the week on Monday to N14.967trillion.Similarly, the All-share index dipped by 2.4 per cent or 1,029.74 points to 41,708.15 from 42,737.89 achieved on Monday.