Notwithstanding the negative effects of the protracted Bearish market, which has eroded the prices of equities, some firms in Nigerian stock market have declared impressive dividends, which have gone to confirm what experts, including the Chief Executive Officer, the Nigerian Stock Exchange (NSE), Oscar N. Onyema, have been saying that the fall in the prices of shares in the market has nothing to do with the companies' fundamentals but has been due to the dynamic economic trends and investor demands for stocks.
While explaining the cause of the persistent fall in the prices of equities in the market, Onyema, at a forum organized by the Capital Market Correspondents (CAMCAM) late last year, said that though there has been no respite in the macro economy and operating environment due to lingering oil price and foreign exchange pressures, the long-term outlook for the Nigerian equities market remains positive as listed companies continue to show resilience, even as the quoted firms' operators have been innovating to reposition the firms to deliver superior value to investors.
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