Nigeria: Investors Advised to Take Advantage of Low Share Prices

24 March 2014

Investors have been advised to take advantage of the current low prices of some equities and position themselves for the bullish period ahead in the market. While the market posted a growth of 47 per cent last year and opened 2014 with a bullish sentiments, reduction in foreign participation by investors, and some monetary policy shocks have kept the market bearish for some time now.

The Nigerian Stock Exchange (NSE) has posted a year-to-date negative return of 8.6 per cent as at last Friday. Some stocks are trading 30 per cent below their 2013 levels.

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