Invest Data Consulting Ltd

The global economic recovery is at the moment under threat by the continued tension from North Korea missiles display that may trigger war of any sort if not checked immediately, added to political risks and unfriendly international policies emanating from some developed countries, which are currently slowing growth. There is also the Hurricane Harvey currently ravaging the U.S state of Texas  that had affected refineries in the country, following which there is a spike in gasoline price across the country, just as prices of other commodities are looking up at the international market, despite the continued oscillation in oil price that is currently trading at $52.07per barrel. Another factor is the  unstable fiscal and monetary policies around the world, with stimulus gradually being withdrawn; a situation that had triggered inflation in US, UK and Germany, while other parts of the Europe zone and Japan remained relatively unchanged. Global economy growth outloo...

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...