This comes despite rising insecurity, inflation, other macroeconomic challenges and global uncertainty. Experts said a functional and strong national economic team is required to sustain the gain.
To consolidate on the performance, an independent investor, Amaechi Egbo, stressed the need for the new government to establish strong economic blueprint that would be driven by functional economic team. He noted that this would stimulate activities in various sectors of the economy and revive the capital market
“The elections came and were hitch-free. We also have unification of the multiple exchange rates, review of monetary and fiscal policies and major changes were carried out at the apex bank. The impact on deposit money banks has brought stability to the market. “His prompt change of security chiefs also boosted investors’ confidence. The removal of Godwin Emefiele as CBN governor was another icing on the cake which impressed investors. All these added to the usual end-of-quarter rally to propel the equities market.