How Far Can The Nigerian Stock Market Fall?

Must Read

How To Block Your Bank Account And SIM Card In Case Of Emergency

Losing your phone and wallet or having them stolen can be very frustrating. However, in case that happens to...

List of Access Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number which usually identifies both the bank and the branch where an account is...

List of Mobile Banking USSD Codes For All Banks in Nigeria and how to use them

The introduction of USSD (Unstructured Supplementary Service Data) has changed the Nigerian banking system completely. Today, mobile banking services...
- Advertisement -

The Nigerian Stock Market began 2018 on a high, recording over 17% in the first few weeks. This was on the back of strong optimism of sustained recovery and growth which was expected in global economies. For Nigeria in particular, many variables were in our favours such as Rising Crude Oil prices, Accruing FX reserves and relatively stable FX.

Despite these favourable conditions which still exist, Year to date (YTD), the Stock Market has performed poorly recording a negative. The first reason for
this decline was the US double rate hike in March and June. The second is the political risk associated with the upcoming Nigerian elections in 2019. All these has resulted in foreign portfolio investors exiting the country.

Considering the bearish state of the market, most investors have become very cautious. According to Warren Buffet, A seasoned Investor who is among the Top 10 richest men in the world, this is the time to start investing in stocks. It is a known fact that the best time to invest is when stock prices are declining. But now the question is, how far will the Nigerian Stock Market fall?

For now, it is almost uncertain to say when the market will stop its bearish trend and start its recovery, due to the many uncertainties that exist and are predicted
to come globally and domestically. Some of these uncertainties include Crude Oil price fluctuations, Trade war initiated by the US, Expected increase in US rates, Nigeria’s Elections, etc.

Read Also:  DAILY MARKET REPORT: FIXED INCOME, MONEY MARKET AND FX – JULY 18 2017
- Advertisement -

However, we advise that investors can begin investing in stocks bit by bit, especially those with strong fundamentals. Some of these stocks have declined by over 50% which makes them very attractive. Spreading your investments in such stocks at different low prices reduces your average entry price, increasing your profit potential once it rebounds.

In 2019, our expectation for the performance of the stock market is bullish. We believe as the political situation of the country gets clearer and shows signs of stability the market will experience a rebound. In addition to this, we believe crude Oil prices within this period will not fall below $60 which is positive for the country.

Below are the changes of selected stocks so far in the year….

Read Also:  The difference between Gambling and investing in the Stock market

How Far Can The Nigerian Stock Market Fall? - Brand Spur

- Advertisement -

GTI CAPITAL RESEARCH

- Advertisement -
How Far Can The Nigerian Stock Market Fall? - Brand SpurHow Far Can The Nigerian Stock Market Fall? - Brand Spur

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

How Far Can The Nigerian Stock Market Fall? - Brand SpurHow Far Can The Nigerian Stock Market Fall? - Brand Spur

Latest News

HealthPlus Appoints Chidi Okoro as Interim CEO

The Board of HealthPlus issued an instruction terminating the appointment of the CEO Mrs. Bukky George and asked Mr....

Ogun State Partners with Animal Care Konsult on Livestock Value Chain Opportunities

Today, 25th September 2020, we received in our office, the Executive Director of Animal Care Konsult (Nig) Ltd, Dr Agbato Opeyemi and his team,...

Coscharis Motors Excites Ford Customers With Free Service Pack

Coscharis Motors Plc, a foremost automobile dealer and sole distributor of Ford vehicles in Nigeria is offering free service to her customers who purchase...

COVID-19: Lagos State Launches N5 Billion Support Capital For Low-Cost Schools (Photos)

Gov: ‘Intervention To Help Mitigate Effect Of Lockdown’ LSETF, First Bank Float Education Loan Programme Lagos State Government in partnership with First Bank of...

Ogun State Resumes Monthly Environmental Sanitation this Saturday

After a long break due to COVID-19 pandemic, the Ogun state government says the monthly Environmental sanitation exercise will resume this month and it...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -How Far Can The Nigerian Stock Market Fall? - Brand SpurHow Far Can The Nigerian Stock Market Fall? - Brand Spur