The Managing Director of FBNQuest Securities, Fiona Ahimie, reflects on the performance of the Nigerian stock market, the market performance and the strong stock market rally, and how new products are expanding the scope of possibilities for investors in equities in this interview.
Over the years, I have observed that the market generally rallies on positive sentiment like we witnessed towards the end of last year when interest rates were close to historic lows. Whenever there are notable developments for investors to process which challenge prior assumptions, it is not unusual to see a fall in share prices.
So does this mean that we should expect more declines in the stock market until there is greater clarity around the direction on monetary policy?
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