ADVERTISEMENT
  • Africa
  • World
  • Our Shows
    • Entrepreneurship
    • Destination Business
    • 101business TV Show
Business 360 News
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly
No Result
View All Result
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly
No Result
View All Result
Business 360 News
No Result
View All Result
Home Capital Market

Nigerian Stock Market: ‘Good time to invest’ -Joe Uwaleke, Professor of Finance.

Vivian Akinyosoye by Vivian Akinyosoye
May 9, 2019
in Capital Market
1
Nigerian Stock Market: ‘Good time to invest’ -Joe Uwaleke, Professor of Finance.

Professor of Finance & Capital Market, and head, Banking and Finance Department, Nasarawa State University, Keffi, Prof. Uche Joe Uwaleke has advised Nigerians to take advantage of prevailing low prices of stocks in the Nigerian Capital Market in view of opportunities that come with market reversal commencing at the end of the second quarter of the year.

He was speaking at the Capital Market Correspondent’s Association of Nigeria (CAMCAN), quarterly forum yesterday when he unveiled higher earnings opportunities in the Nigerian stock market expressing optimism that the stock market would rebound in the third quarter.

Uwaleke, who lectured on the theme ‘Stock Market in the first quarter 2019 and post-election prospects” said that that the Nigerian Stock Market which ranked as the world’s third most rewarding Market in 2017 and became bearish subsequently, is poised to enter into another bullish era.

On the factors that will drive the Market in the third quarter, Uwaleke said that unfolding internal and external factors would impact the equities market positively.

He explained that swearing in of the newly elected president and early constitution of cabinet members, lowering Monetary Policy Rate (MPR) by the Monetary Policy Committee (MPC), increase in minimum wage, increase in oil price and continued stability in foreign exchange (FX) would impact on the market.

Uwaleke who also doubles as President of the Chartered Institute of Bankers of Nigeria (CIBN), Abuja branch, listed other factors that will drive stock market’s reversal in third quarter to include, continued moderation in inflation, steady growth in Nigeria’s Gross Domestic Product (GDP), early signing of 2019 budget and implementation, improved growth in the non-oil sector amongst others, adding that

“All these projections are higher than what we saw in 2018”. The NSE is really waiting for SEC to finalise the rule for the derivatives to be introduced, it will give investors room to hedge risks”, Uwaleke said.

He also said that the planned introduction of derivative instruments in the market by the Securities and Exchange Commission (SEC), of which preparations have reached advanced stage at both SEC and the Nigerian Stock Exchange (NSE), would help investors both foreign and indigenous investors to hedge their investments.

According to him, the expected listing on the NSE, by MTN, is expected to boost market liquidity, diversify offerings as the company will become the second most capitalized company in the market, after Dangote Cement Plc.

He added that the Nigerian Pension Commission (PENCOM)’s six multifold structure rule expected to boost PENCOM’s investment in the equity market, as well as the margin lending rule, currently being worked on by the SEC and efforts at deepening domestic investors participation in the market were some of the measures expected to driver early market reversal in Netherlands third quarter.

Speaking on how minimum wage increase will impact positively on the market, he said

“This is the time to take position, the minimum wage will be positive for the capital market, inflation is caused by weak aggregate demand, but new minimum wage will rather boost aggregate demand, driven by greater number of people having more disposable income and also money to save.”

He said that it is unlikely for the Country to witness another economic recession as the factors that contributed to the recession in 2016, are currently none existent.

“Crude oil price is not bad today, external reserve is healthy, inflation rate at 11 per cent is healthy” he said.

Speaking on some external factors likely to drive market reversal in Q3 2019, Uwaleke listed, crude oil price, declining trend of yield in the US which will likely bring about capital flow to emerging markets, Easing US—China trade tension , and easing Brexit tension, amongst other factors will impact Nigeria’s market positively.

He noted that the market closed the 1st of the year on a bearish note as a result of factors which he termed ‘systemic risk and non-systemic risk’.

“The non-systemic risks are risks associated with the operations of the companies, a risk that is particular to a company and doesn’t affect other companies. Non-systemic risk contrasts with systemic risk, which is risk that applies to all companies in a market or industry and doesn’t affect other companies, while systemic risk, affects all companies in a market or industry,” he said.

Professor Uwaleke also attributed the Q1 2019 market decline to have been caused partly by rebalancing of portfolio, movement form equities to fixed income, herding behaviors’ of investors, flight for safety by foreign investors, panic by investors, among others.

Previous Post

SMEs in Health sector get N1bn support from Access Bank

Next Post

South African Airways launches direct service to Guangzhou, China

Vivian Akinyosoye

Vivian Akinyosoye

Next Post
South African Airways launches direct service to Guangzhou, China

South African Airways launches direct service to Guangzhou, China

Comments 1

  1. StevAbsete says:
    6 years ago

    Cialis Culturismo Pillola Argento Priligy online cialis Rx Legitimate Online Pharmacy Viagra And Cialis Online Order Find Doxycycline Best Website

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
FMDQ Exchange Admits Flour Mills of Nigeria’s ₦30.00bn Commercial Paper Notes

FMDQ Admits TSL SPV PLC ₦12.00 billion Series 1 Guaranteed Fixed Rate Infrastructure Bond to its Platform

March 11, 2021
NCAC inaugurates Creative Industry Sub-Committees

NCAC inaugurates Creative Industry Sub-Committees

September 20, 2020
#EndSARS: Protesters receive heavy gun fire at Lekki toll gate

#EndSARS: Protesters receive heavy gun fire at Lekki toll gate

October 21, 2020
SMEs in Nigeria must be ready to grow with or without Government …Evans Edozie, C.E.O., Cospharma Nig. Ltd.

SMEs in Nigeria must be ready to grow with or without Government …Evans Edozie, C.E.O., Cospharma Nig. Ltd.

September 21, 2020
‘The existence of a production hub in Nigeria will go a long way for the Fashion Industry’. FUNMI RUFAI LADIPO, President Fashion Designers Association of Nigeria.(FADAN)

‘The existence of a production hub in Nigeria will go a long way for the Fashion Industry’. FUNMI RUFAI LADIPO, President Fashion Designers Association of Nigeria.(FADAN)

25
Goldlink’s restructures board

Goldlink’s restructures board

10
Airtel Africa Plc gets admitted to the NSE Main Board

Airtel Africa Plc gets admitted to the NSE Main Board

6
Stallion Tank Farm resumes operations

Stallion Tank Farm resumes operations

3
United Capital Asset Management Launches Children Investment Fund for the Next Generation

United Capital Asset Management Launches Children Investment Fund for the Next Generation

May 27, 2025
Nigeria’s External Debt Servicing Hits $2.01bn in First Four Months of 2025

Nigeria’s External Debt Servicing Hits $2.01bn in First Four Months of 2025

May 22, 2025
Oyetola Advocates for Nigeria’s Inclusion in IMO Council During Diplomatic Meeting with French Ambassador

Oyetola Advocates for Nigeria’s Inclusion in IMO Council During Diplomatic Meeting with French Ambassador

May 22, 2025
Fidelity Bank CEO Increases Stake Amid Legal Scrutiny, Demonstrates Confidence in Bank’s Stability

Fidelity Bank CEO Increases Stake Amid Legal Scrutiny, Demonstrates Confidence in Bank’s Stability

May 22, 2025
Business 360 News

Business 360 News is a Business and Financial News Platform with an SMEs drive. Published by 360 Network Limited, and created with the aim of disseminating unbiased business stories to readers within and outside Nigeria, providing in-depth analysis of our stories from a critical perspective against the backdrop of realities, actualities, objectivity and balance.

Follow Us

Browse by Category

  • Africa
  • Agribusiness
  • Agriculture
  • AI
  • Art
  • Arts
  • Aviation
  • Banking
  • Blockchain
  • Business 360 Weekly
  • Business news
  • Business Travels
  • Capital Market
  • CHINA
  • Corporate
  • Cryptocurrency
  • Destination Business
  • East Africa
  • Economy
  • Education
  • Electric Vehicles
  • Electricty
  • Energy
  • Entertainment
  • Entertainment
  • Entrepreneurship
  • EV
  • Fashion
  • Fashion
  • Feature
  • Finance
  • Gas
  • Global Economy
  • Health
  • Hospitality
  • ICT
  • Insurance
  • IoT
  • Lifestyle
  • Luxury
  • Maritime
  • Meetings
  • Mortgage
  • News
  • NGOs
  • Oil
  • Petrol
  • Political Economy
  • politics
  • Real Estate
  • Real Estate
  • SMEs
  • Society
  • Solar Energy
  • South Africa
  • Sports
  • Start-Ups
  • Stocks
  • Success Stories
  • Tax
  • Tech
  • Tourism
  • Transportation
  • UK
  • Uncategorized
  • US
  • World

Recent News

United Capital Asset Management Launches Children Investment Fund for the Next Generation

United Capital Asset Management Launches Children Investment Fund for the Next Generation

May 27, 2025
Nigeria’s External Debt Servicing Hits $2.01bn in First Four Months of 2025

Nigeria’s External Debt Servicing Hits $2.01bn in First Four Months of 2025

May 22, 2025
  • Africa
  • World
  • Our Shows

© Business 360 News - Business, Finance And SMEs News | Design by Manifest!

No Result
View All Result
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly

© Business 360 News - Business, Finance And SMEs News | Design by Manifest!