“Local institutional investors and funds managers are taking advantage of the two consecutive years of decline to reposition their portfolios for the New Year expectations,” Mr Omordion said.
Mr Omordion added that the listing of BUA Cement of 33.86 billion ordinary shares at N35 per share contributed to the growth of the stock market. Mr Omordion, however, said investors should not be carried away but set investment goal or target before jumping in any position whether for long or short term.
Mr Igbrude said the instability in the Middle East as a result of conflict between Iran and American increased foreign investors’ interest in the NSE.
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