Capital market players foresee election year turbulence, recovery
Despite di harsh economic environment, di Nigerian stock market withstand am, and e don put up a better-than-expected performance for di 2022 trading year, according to market observers.
Di Nigerian Exchange bin post 19.98 per cent return for 2022, e outperform di country economy wey advanced 2.25 per cent as of November.
Chief Executive Officer of Enterprise Stockbrokers, Rotimi Fakayejo, yarn say investors for di local bourse bin get bumper year in terms of payout. He add say di payout system and other factors make di market a better stead, wey reflect for di capitalisation and di All-Share Index.
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Amid imported inflation wey raise di cost of living, Nigerians increase dia stock portfolio investment, wey contribute to di positive performance of di local equity market.
According to data from di Nigerian Bureau of Statistics, di annual inflation rate grow for di 10th consecutive month to 21.47 per cent for November, 2022, from 21.09 per cent for October, di highest for 17 years.
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