The Nigerian stock posted another record performance last week as market indicators hit new highs while investors gained N1.334 trillion in five days.
In the face of negative returns in the money market and fixed income securities, the equities market has remained investors’ preference for some months now.According to analysts at Greenwich Trust Research, investors resumed bargain-hunting last week in search of competitive returns as yields, though improved, remained unattractive in the fixed income space, considering the sustained inflationary pressure in the economy.
Analysts at Cordros Research said in the short term, they still see scope for expansion in valuation multiples as the hunt for alpha-yielding opportunities, in the face of increasingly negative real returns in the fixed income market, remains positive for stocks. “Investors would naturally opt for where they can generate optimal profit. At the moment, equities are the major option that can meet the investment objectives of many discerning investors. Our stock market is forward-looking. Investors have realised that third quarter results of many companies have signaled better performance for the year-end results which will begin to roll in as from early 2021.
مصر أحدث الأخبار, مصر عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
مصدر: MobilePunch - 🏆 8. / 63 اقرأ أكثر »
مصدر: LeadershipNGA - 🏆 4. / 77 اقرأ أكثر »
مصدر: MobilePunch - 🏆 8. / 63 اقرأ أكثر »