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After Record Loss, Nigeria’s Equities Market Rebounds / Nigerian Equities Lose N467b Friday As Panic Selling Persists / Nigerian Equities Hit All-time N15.78tr High (2) (3) (4)
After 39.6% Growth, Analyst Still Bullish On Nigerian Equities Market by Truth234(m): 7:09am On Aug 09, 2017 |
Analysts at Cordros Capital Limited, an investment banking firm, have said the equities market will remain bullish for most part of the second half (H2) of 2017. The market recorded an outperformance in the first half (H1) of 2017 with the Nigerian Stock Exchange (NSE) All-Share Index rising by 23.2 per cent. Although there have been occasional profit taking since the H2 began, the market has appreciated by 13.3 per cent as at Monday, bringing the year-to-date growth to 39.6 per cent. However, in a special report obtained, Cordros Capital said following the outperformance in H1, they look forward to a sustained uptrend in domestic equities over the remaining part of the year. “The gains will be supported by consistency and sustainability of policies that speak to near term macroeconomic recovery, in addition to better-than-2016 corporate earnings,” they said. According to them, they acknowledge downside risks from around the globe, notably rising geopolitical tensions, higher interest rates in the United States, and most profoundly, hazy outlook for oil prices –which could particularly threaten forex stability and consequently spark capital flow reversal. Cordros Capital, however, stated that developments in the domestic economy signal recovery in the near term which will further strengthen investor appetite. “We look for the economy exiting recession in Q2-2017 (we project output to expand by 1.80 per cent during the quarter and 0.97 per cent for the full year). As a leading indication, manufacturing and non-manufacturing activities expanded in the second quarter of the year, as revealed by the Purchasing Managers’ Index (PMI) which averaged 52.2 and 52.1 points respectively during the three months period. We expect that to be consolidated by fiscal spending related gains from the record 2017 budget,” they added. The analysts noted that further supporting the argument for a bullish run on the domestic bourse, the Central Bank of Nigeria (CBN)’s Nigerian Autonomous Foreign Exchange Rate Fixing (NAFEX) window has the potential to further buoy foreign portfolio investment (FPI) inflows over H2. According to them, still on expected increased participation in the equities space, the likely implementation of the amended Regulation on Investment of Pension Fund Assets, particularly the introduction of the multi-fund structure released by the National Pension Commission (PENCOM) on 18th April, 2017, will further bolster local pension funds’ exposure to equities. “The impact of this on pension fund managers exposure to risky asset will be positive for dealers who are already taking advantage of cheap valuation in local proprietary positions. Compared to 2016, most listed companies appear better positioned to deliver better-than-anticipated results over the remaining part of the year. Drilling on activities in the consumer goods space, we hinge our optimism on notable upside factors including improved access to the dollar (potentially limiting finance cost), moderately recovering consumer confidence, easing energy challenges, balance sheet deleveraging, rebounding aggregate demand (amid expected fiscal stimulus), and cost-reflective pricing,” they added. The Cordros Capital analysts explained that speaking volume to their confidence in this environment is the rebound (after four-quarter negative growth) in manufacturing GDP – with food, beverage and tobacco being the biggest component, accounting for 44 per cent) – in the first three months of the year. http://investorsking.com/39-6-growth-analyst-still-bullish-nigerian-equities-market/ |
Re: After 39.6% Growth, Analyst Still Bullish On Nigerian Equities Market by harffie(m): 7:26am On Aug 09, 2017 |
Now I know how FTC feels.... 2 Likes
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Re: After 39.6% Growth, Analyst Still Bullish On Nigerian Equities Market by crunchyg: 7:26am On Aug 09, 2017 |
Please any body wey read every thing there and understood it should explain for me because I am not understanding 2 Likes |
Re: After 39.6% Growth, Analyst Still Bullish On Nigerian Equities Market by Treasure1919(f): 7:26am On Aug 09, 2017 |
FTC |
Re: After 39.6% Growth, Analyst Still Bullish On Nigerian Equities Market by 1bunne4lif(m): 7:27am On Aug 09, 2017 |
Ok |
Re: After 39.6% Growth, Analyst Still Bullish On Nigerian Equities Market by KayDEAN(m): 7:27am On Aug 09, 2017 |
Most people on this thread do not understand, and didn't read the whole thing 3 Likes |
Re: After 39.6% Growth, Analyst Still Bullish On Nigerian Equities Market by Faithmax: 7:28am On Aug 09, 2017 |
Hmm |
Re: After 39.6% Growth, Analyst Still Bullish On Nigerian Equities Market by harffie(m): 7:28am On Aug 09, 2017 |
Treasure1919:
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Re: After 39.6% Growth, Analyst Still Bullish On Nigerian Equities Market by ugleenerd: 7:28am On Aug 09, 2017 |
i just like comment... I swear, I no understand sh*t. 1 Like |
Re: After 39.6% Growth, Analyst Still Bullish On Nigerian Equities Market by Treasure1919(f): 7:30am On Aug 09, 2017 |
[quote author=harffie post=59291254][/quote]hater sported |
Re: After 39.6% Growth, Analyst Still Bullish On Nigerian Equities Market by Thisis2raw(m): 7:32am On Aug 09, 2017 |
harffie:how does it feel? |
Re: After 39.6% Growth, Analyst Still Bullish On Nigerian Equities Market by Exponental(m): 7:33am On Aug 09, 2017 |
Where is the growth? |
Re: After 39.6% Growth, Analyst Still Bullish On Nigerian Equities Market by tonguengineer(m): 7:34am On Aug 09, 2017 |
All na wash |
Re: After 39.6% Growth, Analyst Still Bullish On Nigerian Equities Market by tobillionaire(m): 7:38am On Aug 09, 2017 |
summary pls |
Re: After 39.6% Growth, Analyst Still Bullish On Nigerian Equities Market by wolesmile(m): 7:39am On Aug 09, 2017 |
Bullish ehn? Ok now. Please, anybody that read and understand should just help summarize in English. I will be back. 2 Likes |
Re: After 39.6% Growth, Analyst Still Bullish On Nigerian Equities Market by ideylaff: 7:39am On Aug 09, 2017 |
KayDEAN: It just simply means there is aggressive confidence in the market with room for more growth before EOY17. Comments like this make investors decide on actions to take. That what a bullish market means in simple terms (rising share prices) that has not peaked yet . More room for growth Sad thing it this is not a reflection of the economy in the bigger picture when it comes to Nigeria as the market is full of sharp practices where shareholders and equity is secretly manipulated by the big boys with borrowed money just to prop up share value and cash in. You can see the report says some peeps have cashed in but no full explanation where and how Nigeria we hail thee 7 Likes |
Re: After 39.6% Growth, Analyst Still Bullish On Nigerian Equities Market by GMBuhari: 7:43am On Aug 09, 2017 |
Bullish or not , what i want to know is did market gain / increase ? the answer is yes, then im satisfied the wolves that chopped all the chicken in the treasury forgot that the surviving chicken has to be fertile , lay eggs , hatch it , and feed it till it grows Growth won't rapid , but slow and steady wins the race 1 Like |
Re: After 39.6% Growth, Analyst Still Bullish On Nigerian Equities Market by jfleece(m): 7:46am On Aug 09, 2017 |
Abeg who know say e don read that epistle finish.. Make e help me explain.. Na how to make money dey my brain... Nor be to read this super story.. |
Re: After 39.6% Growth, Analyst Still Bullish On Nigerian Equities Market by omenka(m): 7:46am On Aug 09, 2017 |
"However, in a special report obtained, Cordros Capital said following the outperformance in H1, they look forward to a sustained uptrend in domestic equities over the remaining part of the year". Wow. This is great news. Seems we are finally coming out of the woods. God bless Nigeria. 1 Like |
Re: After 39.6% Growth, Analyst Still Bullish On Nigerian Equities Market by Shortyy(f): 7:50am On Aug 09, 2017 |
crunchyg:They said a man called analyst is bulling Nigerian equities. You're welcome. 2 Likes |
Re: After 39.6% Growth, Analyst Still Bullish On Nigerian Equities Market by government77(f): 7:54am On Aug 09, 2017 |
I don't understand this language o |
Re: After 39.6% Growth, Analyst Still Bullish On Nigerian Equities Market by buikem2: 7:54am On Aug 09, 2017 |
PIDGIN TRANSLATION SUMMARY E get this analyser company wey chook eye for our economy talk se 9ja economy grow with 39% even if bad belle people no gree se 9ja go better. Him come talk se, upon the war and fight fight wey countries dem for obodo Oyibo de do, plus the dollar rate wey high like Zuma rock,... Despite these things 9ja bin still use eye see this improvement for him economy. Him also talk se with the way things de go, this recession wey carry big yansh sidon for our head, we go soon use caterpillar pack am comot by next year. Oyibo people de come our country wella invest and na better thing That's the summary. I know you guys will wonder and say we are not feeling the improvements. Me too I join una. But may be true what he said. 3 Likes 1 Share |
Re: After 39.6% Growth, Analyst Still Bullish On Nigerian Equities Market by quisera(m): 7:54am On Aug 09, 2017 |
Lawd.....See jargons |
Re: After 39.6% Growth, Analyst Still Bullish On Nigerian Equities Market by jobbers: 7:55am On Aug 09, 2017 |
too many problems in naija. not enough answers |
Re: After 39.6% Growth, Analyst Still Bullish On Nigerian Equities Market by aolawale025: 7:57am On Aug 09, 2017 |
Often a bullish stock market signifies investor confidence in an economy. It could be funds are being moved into equities more from the money market |
Re: After 39.6% Growth, Analyst Still Bullish On Nigerian Equities Market by crunchyg: 7:58am On Aug 09, 2017 |
Shortyy:Hahahahaha, me sef understand small pass you, teacher abeg don't teach me nonsense |
Re: After 39.6% Growth, Analyst Still Bullish On Nigerian Equities Market by Shortyy(f): 8:01am On Aug 09, 2017 |
crunchyg: |
Re: After 39.6% Growth, Analyst Still Bullish On Nigerian Equities Market by crunchyg: 8:04am On Aug 09, 2017 |
Shortyy:good morning pretty |
Re: After 39.6% Growth, Analyst Still Bullish On Nigerian Equities Market by Dragonking: 8:05am On Aug 09, 2017 |
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Re: After 39.6% Growth, Analyst Still Bullish On Nigerian Equities Market by Trailii: 8:21am On Aug 09, 2017 |
please help me , am lost here ... abeg who is bulling who ? this one pass me oo
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Re: After 39.6% Growth, Analyst Still Bullish On Nigerian Equities Market by GreatManBee: 8:42am On Aug 09, 2017 |
buikem2: |
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