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.”

https://www.bloomberg.com/news/articles/2018-01-14/nigeria-s-world-beating-stocks-ride-on-oil-to-power-their-gains

Ok

cc: lalasticlala
Mynd44

after 2 weeks?
really?
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?

deji17:
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.”

https://www.bloomberg.com/news/articles/2018-01-14/nigeria-s-world-beating-stocks-ride-on-oil-to-power-their-gains

debaj10:
after 2 weeks?
really?
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?

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.

Some people will still be angry with this good news, God bless Buhari

deji17:



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.

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.
fair enough?

debaj10:

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.
fair enough?

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.