Nigerian stocks crash to nine-month low as investors expect Q3 results

“We expect continued bargain hunting as investors look forward to the Q3-2022 earnings season, thus cherry-picking stocks with great underlying fundamentals,” analysts at United Capital said in an outlook note for this week seen by PREMIUM TIMES.

Return on had reached a high of above 20 per cent earlier this year. But yield is taking crushing blows from three straight hikes in the benchmark interest, which is washing away vast amounts of smart money from stocks into fixed income securities, seen by investors as offering better yields.The coming of the election season is not favourable either as international investors weigh risks of putting their money in a clime as politically tumultuous as Nigeria, hurting stocks.

It beggars belief that with the severity and numeracy of failings associated with the APC government catalyzed by previous PDP woeful administrations, Nigerians are shamelessly gearing up to vote either party's candidate. God, please intervene now and save the country.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Stock Market To Sustain Bearish SentimentAnalysts on the Nigeria stock market said mixed sentiments will continue in the market this week, as investors continue to search for value in challenging
Fonte: LeadershipNGA - 🏆 4. / 77 Consulte Mais informação »

Power company records N39bn revenue in nine monthsGeregu Power Plc, the first and only power generating company to list on the Nigerian Exchange Limited, has displayed its adherence to post-listing obligations by filing its nine months results ended September 30, 2022.
Fonte: MobilePunch - 🏆 8. / 63 Consulte Mais informação »