Parthian Securities’ analysts bear predicted that the Nigerian equities market will remain obvious attributable to the increased participation of home players in 2022, despite being a pre-election year.
Parthian Securities stated in a statement that four months after the maiden model of its free funding sanatorium tagged ‘Bears and bulls series’, it had held one more insightful session with the theme, ‘Equities, bonds, and funds: Q1 review and H1 expectations’.
It stated the session reviewed market efficiency within the mounted earnings and equities market for first quarter of 2022 according to projections made by the compare team right by the maiden model and likewise talked about the outlook for the main half of of 2022.
Speaking right by the virtual session, Parthian Securities’ Head of Investment Compare, Oluwaseun Dosunmu, commented on the predictions made by the team within the muse of the year.
Dosunmu stated, “The principle session we had before the total lot up of this year changed into moderately insightful. We made some predictions for 2022 which bear already played out successfully in Q1.
“The market moved in magnificent instructions superb as we had predicted, and 90 per cent of the stocks we immediate are currently amongst the pause-performing stocks within the market.
“Essential amongst these stocks are Guinness, Seplat, Presco, Airtel Africa, and United Capital. Guinness increased vastly to 168 per cent – its portion mark moved up from N39 before the total lot up of the year to its fresh N88.45.
“Also, Seplat Petroleum Pattern Firm rose by 68 per cent – its portion mark increased from N650 before the total lot up of the year to its fresh mark of N1,000.”
On the equities market review for the main quarter of 2022, the presentation confirmed a obvious market efficiency in Q1 despite prevailing uncertainties.
Dosunmu acknowledged, “Every pre-election year, merchants change into wary and cautious of investing within the market. On the opposite hand, things had been shifting within the unsuitable manner this year and the market efficiency has been spectacular.
“Among the many key drivers of this hunch are year commence up rally attributable to BUA checklist on the NGX; merchants’ response to corporations’ full-year earnings and dividend declarations; predominance of home players over foreign players within the market, and low yields within the mounted earnings market which forced merchants to attach in mind more successful securities within the fairness market.”
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