By Modupe Gbadeyanka
Yesterday, midweek trade raised the stock value, leaving the Nigerian Stock Exchange (NSE) to post 0.15 percent growth at the close of business.
This increase pushed the year-to-date (YTD) return to 31.57 percent mainly influenced by confidence restored to the market after successive losses.
Business Post observed that investors are gradually gaining confidence in the country’s equities market, especially with the rise in the Nigeria’s foreign reserves and sustained forex liquidity.
Yesterday, the Naira gained N12 against the three major foreign currencies; Dollar, Pound Sterling and the Euro.
If there is any better time to invest in the Nigerian stock market, it is now because those who invested in the market at the beginning of 2017 have recorded gains due to market performance this year.
Though it is projected that weak sentiments would remain at the market, it is still the best time to take advantage of the bearish sentiments to pile up stocks from those selling off due to fear because the value of these equities will definitely rise again before the end of this year.
This month, investors await release of the 2017 third quarter earnings of listed firms on the NSE.
