Nigerian Stocks Soar Despite Low Foreign Inflows, Analysts Highlight Potential Investments

  • 📰 PremiumTimesng
  • ⏱ Reading Time:
  • 52 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 41%
  • Publisher: 78%

Business News

Nigerian Stock Market,NGX 30,Equities

Nigerian stocks have experienced a significant surge this year, with the NGX 30 index returning 31.9% year-to-date. Despite low foreign inflows, the equities market remains resilient. Analysts at United Capital predict continued buy interest as investors seek undervalued stocks, though high interest rates in fixed income markets may create a bearish undertone. PREMIUM TIMES presents a guide to potential investments in the Nigerian stock market based on fundamental analysis.

Nigerian lawmakers violate country’s law, ignore PWD’s needs despite spending N42 billion on renovationsSPECIAL REPORT: How disinformation fueled ethnic tensions in KadunaBackstroke, By Wole OlaoyeBeneath the Surface: The Dark World of Illicit Tin Mining in PlateauNigerian lawmakers violate country’s law, ignore PWD’s needs despite spending N42 billion on renovationsSPECIAL REPORT: How disinformation fueled ethnic tensions in KadunaBackstroke, By Wole OlaoyeNigerian stocks have added 30.

“The equities market is expected to retain its buy interest as investors cherry-pick undervalued stocks. However, given the high interest rates in the fixed income and money markets, we expect some bearish undertone to persist in the equities market as fixed income biased investors take advantage of the high yields in the fixed income space,” analysts at United Capital said earlier in the week.

The selection, a product of analytical market watch, offers a guide to entering the market and taking strategic positions in hopes that equities will increase in value with the passage of time.This is not a buy, sell or hold recommendation but a stock investment guide. You may need to involve your financial advisor before taking investment decisions.

At Premium Times, we firmly believe in the importance of high-quality journalism. Recognizing that not everyone can afford costly news subscriptions, we are dedicated to delivering meticulously researched, fact-checked news that remains freely accessible to all.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Economic hardship: Heavy losses as Nigerian stock market loses N337 billion in valueA Trusted Nigerian Newspaper
Source: NigeriaNewsdesk - 🏆 10. / 63 Read more »