Investors has been attributed to poor performance of most of the companies in these markets. The Nigerian Stock Exchange (NSE) is not exempted from this development as many of the listed companies have been giving adequate information as to the performance s of their institutions.

The Tide gathered that some of these companies have not even released their annual report for two consecutive years. This development has placed investors in darkness about the performance of these companies.

The Tide source revealed that the performance of the companies in the secondtier market is not encouraging and that is why investors are running away from it. Emerging Markets are suppose to provide a veritable source of earnings for low income investors who desire to earn income from the stock market.

Stakeholders in the stock market said investors require adequate, appropriate and large volume of information to make rational investment decision. Investors in stocks in developing countries often lack this information needed for rational decision making.

Stock market growth usually reflects the growth of the real sector of the economy. A faster growth of the economy is said to result from greater stock market development although past financial depth is correlated with future depth.

Developing countries that have well developed stock market in the past usually do well in the future. This is because as investment contributes to economic growth so also it provides fortunes to the investors in stocks.