Tuesday, October 7, 2025
23.5 C
Lagos

‘7 Key Indices to Drive Equity Market in 2018’

Mr. Ayodeji Ebo, Managing Director, Afrinvest Securities Limited, says the equity market in Nigeria would be driven largely by seven key indices of political uncertainty as a result of the 2019 general elections, sustainable stability in the Niger-Delta region, implementation of the 2018 budget, sustenance of forex stability, new market listings and earnings of corporate firms operating in the economy.

Ebo said in a paper ‘Nigeria’s Economy and Financial Market Outlook: 2017 Review and 2018 Outlook’ that he expects the federal government to curtail current security challenges in the country to create better outlook for the 2019 elections, as well as engage in ground-breaking capital projects before the elections.

“We don’t expect the federal government to increase tariff on electricity and fuel prices because of political considerations. However, we expect stable forex regime in 2018, which would also lead to pressure. On the Gross Domestic Product (GDP), our expectation is on 2.1 percent growth.”

He advised investors to focus on treasury bills to make derive revenue in the year.

“Treasury bills is the way to go in 2018 to generate less risky revenue in the financial market. Investors should equally focus on stocks that have strong fundamentals.”

spot_img
spot_img
spot_img

Hot this week

Fidelity Bank Commences Disbursement of FGN MSME Intervention Funds

Tier One Lender, Fidelity Bank Plc, has commenced the...

Fidelity Bank Honours Afreximbank President, Benedict Oramah, in Lagos

L -R: Minister of Industry, Trade and Investment, Dr....

Union Bank Champions Employee Wellness with Stay Recharged Health Walk

Union Bank of Nigeria held its first-ever Stay Recharged...

Leadway: 55 Years of Innovation, Expanding Financial Access, Inclusion Across West Africa

Leadway, one of Nigeria’s foremost non-banking financial services and...

Stanbic IBTC Holdings Reports Remarkable Financial Growth for H1 2025    

Overview of Financial Performance  As of June 30, 2025, Stanbic...

Topics

Verve Launches ‘Live the Good Life Campaign’

  Verve, the largest domestic card scheme in Africa, recently...

NCC Hosts National Broadband Mapping System in Abuja

L-R: Project Manager, Africa-BroadBand (BB) Maps, International Telecommunication Union (ITU),...

Sustained Sell-offs Drag Equities Market… ASI Down 56bps

The downward trend in the equities market continued following price...

Stanbic IBTC Emerges Winner at 2022 Cosmopolitan The Daily Business Awards

Stanbic IBTC Bank Plc, a subsidiary of Stanbic IBTC...

ATCON: ‘No Comment’ on $3. 9bn NCC, MTN Saga

The Association of Telecommunications Companies of Nigeria has...

Global Airlines Financial Monitor: August 2016

The latest financial results from Q2 2016 point to...

Union Bank Reports 20% Growth in PBT H1 2024 Despite CBN’s Intervention

Despite the challenging environment following the Central Bank of...
spot_img

Related Articles

Popular Categories

spot_imgspot_img