SSA Equity Market: A sellers’ market save for Nigeria

Must Read

List of United Bank for Africa (UBA) Sort Codes & Branches (with addresses) in Nigeria

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

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 First Bank of Nigeria Sort Codes in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is held. The sort...
- Advertisement -
The performance of the equity market in the global, emerging and frontier markets was largely negative in H1-2020, the bearish sentiment observed in the market was attributable to the coronavirus pandemic, with investors exiting their positions in riskier assets like equities in favour of safe havens (the US treasury).

This action changed the fortune of the SSA equity market under our watch as Foreign investors in SSA equity market took flight despite the fact that some SSA markets started on a good note with Nigeria’s equity market ranked among the best performers in the world early in the year.

SSA Equity Market: A sellers’ market save for Nigeria

Fastrack to H2- 2020, the narrative changed. The global market turned positive, fueled by the relaxation of lockdown across the world coupled with dovish monetary stances across the globe, giving room for economic activities to rebound.

Nevertheless, save for Nigeria, which witnessed a major correction and surged above it pre-COVID level, sentiment for the majority of the bourses in SSA remained broadly negative due to a relatively high yield environment, poor monetary policy stimulus and the weaker macroeconomic outlook.

- Advertisement -

While the Nigerian bourse was a clear outperformer (+30.3% YTD), driven by a heterodox monetary policy framework which crashed rates on TBills, followed by the S/African JSE, up 3.2%, Sentiment for Stocks in Mauritius (-26.2% YTD), Ghana (-19.4% YTD), the West Africa BRVM (-17.2% YTD) and Kenya (-12.1% YTD) remained broadly negative.

Read Also:  MTN & 19 others led equity market to sustain growth, gains N35.99bn

Looking ahead, we expect a broad-based rebound in 2021on the back of improvement in the overall macro environment.

- Advertisement -
SSA Equity Market: A sellers’ market save for Nigeria - Brand SpurSSA Equity Market: A sellers’ market save for Nigeria - Brand Spur
- Advertisement -
SSA Equity Market: A sellers’ market save for Nigeria - Brand SpurSSA Equity Market: A sellers’ market save for Nigeria - Brand Spur

Latest News

What the Continued Global Uncertainty Means for You

Global uncertainty reached unprecedented levels at the beginning of the COVID-19 outbreak and remains elevated. The World Uncertainty Index—a quarterly measure of...

Nigeria 2021 Outlook: A return to normalcy, but tough policy choices lie ahead.

Sigma Pensions - Following on from a year with so much uncertainty about life, politics and markets, 2021 holds the promise of a return...

Back to School: Demystifying Mathematics

You have probably heard a secondary school student say to you: “I am not a Math person”, and you felt that statement is familiar....

Jump-Starting a Failing Economy: A Development Policy Challenge.

Development is a measurable objective construction. Approaches to development, however, are broad, dynamic, and varied. The concept of development differs in meaning to different...

Konga Clearance Sale kicks off with massive discounts

Over 65,000 mobile phones, 15,000 laptops/desktops/printers, 3,150 inverters and inverter batteries, 1550 TVs, loads of Fast Moving Consumer Goods (FMCG), as well as Home...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -SSA Equity Market: A sellers’ market save for Nigeria - Brand SpurSSA Equity Market: A sellers’ market save for Nigeria - Brand Spur