Analyst at Parthian Group has expressed that dominance of domestic investors in the Nigerian stock market is a good development because it shields the market from the impacts of funds outflow from emerging markets and global headwinds.
Speaking earlier, the Head, Global Markets at Parthian Partners, Mrs. Ronke Akinyemi, who was speaking on what to expect from the market that will guide investment decisions, disclosed that there will be Public-private partnerships to reduce pressure on budget funding, just as there will be debt issuances on the back of these partnerships and opportunities to invest in these issues.
According to her, the Monetary Policy Rate is likely to increase and credit conditions may remain tight in Q1-23 As such, the stock market created a massive opportunity for bargain hunting from mid Q2 to Q4 2022, pushing the 2022 year-to- return to 19.98per cent.
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