Nigeria: Analysts Review Equity Market Outlook for 2020

16 December 2019

Lagos — Analysts and traders in the Nigerian capital market, at the weekend, undertook a review of activities in the nation's economy, especially as they affected the investment horizon in the outgoing year, and concluded that the year 2020 holds a lot of promise for equity investors and traders, especially given the cocktail of regulations expected to drive investment towards that segment.

The analysts, who spoke during this year's edition of INVEST 2020 traders and investors summit, organised by Investdata Consulting Limited in Lagos, with theme 'Opportunities and Trade Ideas', looked at the possible impact of dynamics like the relatively low-interest rate, border closure, early assent to 2020 budget, low valuations of companies based on their fundamentals and banks implementing the 65% LDR at the end of the year on the economy and equity prices.

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