Association rates Nigerian capital market as resilient

The Association of Securities Dealing Houses of Nigeria (ASHON) says the Nigerian capital market has the capacity to survive the ongoing insecurity and macroeconomic vagaries militating against investment opportunities in the country.
Chief Onyenwechukwu Ezeagu, ASHON Chairman, said in Lagos while proposing some measures to revive the securities market and noted that the stock market had always exhibited resilience.
He said the securities market could be revived through enhancement of stockbrokers’ liquidity and implementation of some policies to boost investment in the market.
“The stock market could be said to have become resilient to upheavals in the economy but with the heightened insecurity, we want to believe that the market will survive.
“Given that opinion leaders have continually advised the actors to jaw-jaw rather than war-war.
“We all need to tone down our words and actions for our country to avert catastrophe and ensure that our economy is sustained.
“The successful completion of the demutualisation process was a great delight to securities dealers. We expect to reap benefits of shareholding in a fledging stock exchange, one of the best in Africa,” Ezeagu said…………TO CONTINUE READING CLICK HERE

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