Nigerian Stock Exchange Analysis: Top 10 Stocks of April
Fortunes are being made on the stock exchange by shrewd investors, especially those with a long term holding strategy.Why? Depressed stock prices are also guided by the law of economics – that is the business cycle- what goes down must rise again (and vice-versa ofcourse).
Putting things in clearer perspective, the Nigeria Stock Exchange declined substantially since the bubble burst in 2008/2009. The market has yet to stage any significant recovery from that period. However market capitalization is up N 3 trillion since the bottom, and now stands at just over N 7 trillion.
What’s fueling the recovery? Foreign investors have become the dominant players in the Nigerian Equity market even as retail investors fled for dear lives after getting a spanking during the bubble crisis.
The All Share Index is up 6.65 % YTD.
Let us take a look at the Top 10 Stocks of the Month of April.
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FCMB Bank (UK) Limited Launches Personal and Business Banking Proposition to Deepen InclusivenessFCMB Bank (UK) Limited, an independently incorporated subsidiary of...
- August 1, 2018
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The Worrisome Trend of Sensational Social Media “Journalism” and the Impact On Legitimate Business Concerns: Recent Travails of FCMB, GTBank and First BankOn June 25, 2018 I woke up to yet...
- June 26, 2018
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Azman Air commences flight operation in SokotoAzman Air Thursday commenced flight operation to Sokoto state....
- February 21, 2015
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NRC increases Lagos goods trains, eyes fuel haulageThe Nigerian Railway Corporation says it has increased its...
- June 23, 2016
