As investors gain N24bn
By Nkiruka Nnorom
STILL relishing the outstanding performance in the equities market last year, investment bankers and stockbrokers have listed factors that will help in driving the equities market during the course of the year.
Some of the factors, according to them include, gains in tier-2 banks, continued recovery in the consumer goods sector, ability of the Central Bank of Nigeria, CBN, to contain inflation in 2018 and move by the federal government to reduce rate of borrowing.
This comes as investors gained a total of N24 billion in the first four trading days of the year.
In his projection, Patrick Ezeagu, Managing Director, Solid Rock Securities Limited, said the current government appears to be gearing up to make some degree of expenditure with respect to capital project this year.
He stated that the action would have a…
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