Invest Data Consulting Ltd

All over the world, the stock market is acknowledged as a leading indicator and a discounting machine, which points to future expectations from any economy because almost all major sectors of that economy are represented. In the same way, it equally factors the expected future of the economy into prices of equities listed, which means that 50 to 80% of the economic and market fundamentals influences equity prices. While the performance of a company has 20 to 30% impact on its share price since the industries and sectors are integral parts of the economy at any time. Contrary to fears some investors may be entertaining at the moment, if any, the current rally of Nigeria’s stock market is not artificial,given that the bourse has suffered three consecutive years of negative growth. This resulted from the effects of an unholy combination of multiple evils such as: Low consumer confidence, low oil price at almost $28 in January 2016, low national output that resulted in econo...