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|Nigeria's Stock Market, The World's Best Performer This Year - Bloomberg by deji17: 11:49pm On Jan 15, 2018|
The World’s Best Stocks May Gain Even More If Oil Holds Up
By Paul Wallace and Tope Alake
January 15, 2018
Nigerian stocks have risen 12% this year, the most globally
Ashburton says the gains can continue, while HSBC is bearish
The world-beating rally in Nigerian stocks may not be over yet.
The main equity index in Africa’s biggest economy has surged 12 percent this year in dollar terms, the most among 96 major bourses tracked by Bloomberg, pushing it to the highest level since 2008. Dangote Cement Plc, controlled by Africa’s richest man, Aliko Dangote, and the largest company on the exchange, has climbed to a record high.
The advance will probably be sustained thanks to rising prices for oil, Nigeria’s main export, and as investors look to increase their holdings of what remain among the cheapest stocks in Africa, according to the asset management arm of South African lender FirstRand Ltd.
“For investors wanting more exposure to consumers in Africa and Nigeria, in particular, the outlook is good,” said Paul Clark, a money manager in Johannesburg at Ashburton Investments, which owns Nigerian stocks including Seplat Petroleum Development Co. “The banking sector is probably the most attractive at the moment, especially the tier-2 lenders.”
|Re: Nigeria's Stock Market, The World's Best Performer This Year - Bloomberg by Amberon: 2:52am On Jan 16, 2018|
|Re: Nigeria's Stock Market, The World's Best Performer This Year - Bloomberg by deji17: 3:11am On Jan 16, 2018|
|Re: Nigeria's Stock Market, The World's Best Performer This Year - Bloomberg by debaj10: 3:16am On Jan 16, 2018|
after 2 weeks?
this is news?
26 mile marathon, but you will pop champagne for coming first-
in mile 1?!
wot arrant nansense.
make una go find wok do, eh?
|Re: Nigeria's Stock Market, The World's Best Performer This Year - Bloomberg by deji17: 3:32am On Jan 16, 2018|
The news is for investors, showing them the potential for huge returns in the Nigerian stock market.
But why the thing dey pain you now? If its a negative news, you are sure to be rejoicing.
|Re: Nigeria's Stock Market, The World's Best Performer This Year - Bloomberg by Yyeske(m): 4:30am On Jan 16, 2018|
Some people will still be angry with this good news, God bless Buhari
1 Like 1 Share
|Re: Nigeria's Stock Market, The World's Best Performer This Year - Bloomberg by debaj10: 9:14am On Jan 16, 2018|
deji17:ur stocks jumped because of oil price and Christmas spending, but you're here dancing shoki.
you really think investors are fools?
ah, why bother. developed nations constantly complain about those who play the stock market without any economic benefits, but what do I know…
shey q1 report will come.
we will meet here again to discuss the results.
|Re: Nigeria's Stock Market, The World's Best Performer This Year - Bloomberg by deji17: 12:41pm On Jan 16, 2018|
debaj10:You just love bad news. Is Nigeria the only oil producing country? Is Nigeria the only country where xmas is celebrated? You have an option of crying and wailing over this news. Moreover the article was written by bloomberg. Now continue to wail.
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