With the N116.7b pulled from the nation's stock market from the month of January to June 2021, operators have warned that the precarious state of the stock market could worsen if factors impeding economic growth are not tackled soon.
With the N116.7b pulled from the nation’s stock market from the month of January to June 2021, operators have warned that the precarious state of the stock market could worsen if factors impeding economic growth are not tackled soon.
The report indicated that total transactions at the NGX increased by 3.68 per cent from N97.19 billion in May 2021 to N100.77 billion in June 2021. Also, in June 2021, total value of transactions executed by domestic investors outperformed transactions executed by foreign investors by about 54 per cent.
Apparently dissatisfied by the huge outflow of capital from the equities market in six months, operators at the weekend predicted gloomy outlook for the market and economy. Professor of Economics, Olabisi Onabanjo University, Ago-Iwoye, Ogun State, Sheriffdeen Tella said the economy has not seen steady growth in manufacturing output since the beginning of the year to encourage investment, coupled with the exchange rate has also been depreciating very fast which would have effect on return on investment, particularly for foreign investors.
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