Nigerian stocks rose 3.7 per cent yesterday to their highest level in more than 16 months after investors swooped on banking and consumer goods companies’ counters.
Although some level of apprehension was expressed following the unrest last week after hoodlums hijacked the #EndSARS protests, most analysts and market operators had remained upbeat about the market. The stock market has remained investors’ bride since the real returns in the fixed income market turned negative and increased liquidity in the system.
According to Onyema, investors are always in search of higher returns on investments, noting that central bank’s policies have made the stock market attractive to investors.
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