Business
Capital Market To Rebounce Soon – Analysts
Financial market analysts have said that the capital market would rebound soon, despite happenings in the country. They, however, advised investors to keep their investment to avoid huge loss.
An analyst, Mr Norah Awoh, while speaking during a seminar organised by Proactive Shareholders Association of Nigeria (PSAN) in Ibadan, Oyo State, said that the nation’s stock market was not only on the path of recovery, but would provide investors with good yields.
Awoh in his paper title “Nigerian Capital Market in a Global Economic Recession, What stakeholders should do”, advised investors to be proactive and further explore other opportunities such as bonds and mutual trusts to ensure investment growth.
Awoh said the stock market was essentially for long-term investment, adding that investors should always monitor the status of their investment.
Similarly, Mr Marcel Okeke of Zenith Bank said the best time to invest in the market is now, stating that the present situation does not call for lukewarm attitude or divestment from the market.
Okeke traced the genesis of the global economic crisis to the United States, stressing that financial sector is affected because the world has become a global village.
According to the Director, Ibadan Zonal Officer of Securities and Exchange Commission (SEC), Mr Sylvester Akele, the agency is committed to restoring investor’s confidence in the market. He added that investors should stop nursing the idea of relocating their investments.
Akele urged investors to always ask questions from the relevant authorities, stressing that SEC is committed to restoring sanity in the market. This he said, is evident by the decisions of SEC to flush out fake operators.
He attributed the capital market crisis to the exit of foreign investors and the subsequent dumping of shares by investors.
Also, PSAN national coordinator Mr Oderinde Taiwo, said the seminar was aimed at educating shareholders on the impact of the global economic crisis on the stock market, and further boosts their confidence in the market.
He urged investors to change their attitudes toward equity investment and embrace new innovations such as trade alert, e-bonus, e-dividend payment, among others.