- Despite being a pre-election year, the Nigerian equities market will remain buoyant due to higher participation of domestic players in 2022, according to Parthian Securities’ analysts.
Despite being a pre-election year, the Nigerian equities market will remain buoyant due to higher participation of domestic players in 2022, according to Parthian Securities’ analysts. Parthian Securities Limited is a wholly owned subsidiary of Parthian Partners Limited, Nigeria’s leading inter-dealer brokerage firm.
The statement is based on the review of market performance in the fixed income and equities market for the first quarter of 2022 that revealed a positive market performance in Q1 despite prevailing uncertainties. It observed that usually in a pre-election year, investors become wary and cautious of investing in the market. Contrary to that, market performance has been impressive. The key drivers of this movement identified are BUA listing on the NGX; investors’ response to companies’ full-year performance including earnings and dividend declarations; increase in the number of domestic players over foreign players in the market, and low yields in the fixed income market that persuaded investors to look at more profitable securities in the equity market.
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