Expert Seeks Investors’ Participation In Stock Exchange

The Managing Director,
GlobalView Consult & Investments Ltd., Mr. Olaleye Williams in Lagos, yesterday called for increased participation of local retail investors on the nation’s bourse.
Williams told newsmen  that enhanced local investors’ participation would help to stabilise the market against external shocks.
According to him, the Nigerian capital market needs urgent regulatory intervention in rebuilding the confidence of local retail investors to prevent losses and  dominance of foreign investors on the NSE.
He said that market regulators should strengthen investors’ education strategy aimed at wooing back most investors who exited the market during the 2008 global financial crisis.
The managing director also urged local investors to take advantage of low price of equities to increase their stakes in the market.
Williams said that the bearish trend in the market would soon be a thing of the past.
He said that the potential of most quoted companies and expectations from the 2013 financial results showed that the market would soon rebound.
He told newsmen that sentiments in the market would soon halt with expectations of improved dividends and quarterly results.
Williams attributed the noticeable downward trend in the market to the Central Bank of Nigeria increase in the Cash Reserve Requirement and U.S. quantitative tapering.
The stockbroker said that the huge external influence in the nation’s capital market made investors to seek new investment opportunities.
It would be recalled that the All-Share Index which opened the year on January 2, at 41,329.19 points has lost 681.39 points or 1.65 per cent to close at 40,647.80 points on February 10.
Also, the market capitalisation, which opened the year at N13.226 trillion lost N197 billion to close trading on February 10 at N13.029 trillion.