Why You Should Invest in Nigerian Stock Market Now

October 5, 2017
Why You Should Invest in Nigerian Stock Market Now

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.

Modupe Gbadeyanka

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

Leave a Reply

GTBank Apologises to Customers for Service Disruption
Previous Story

GTBank Apologises to Customers for Service Disruption

FBN Holdings to Release Q3 2017 Earnings October 27
Next Story

FBN Holdings to Release Q3 2017 Earnings October 27

Latest from Economy

NASD OTC exchange

NASD Index Declines by 0.01%

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange opened the week with a red outcome as it saw a marginal drop of 0.01

Don't Miss