February 15, 2019/ NASD Plc
This weekend, Nigeria goes to vote for a president. It will determine the fate of the country for the rest of 2019.
At our poignantly timed business breakfast meeting which held at the MUSON Centre recently, the keynote speaker reemphasised how critical this weekend is in Nigeria’s history, culture and economy. The Lagos Business School Scholar and CEO of Kainos Edge – Dr. Doyin Salami examined some facets of life that have a direct correlation with an electoral outcome.
His expectations from a well-managed defendable, acceptable and decisive electoral process include; ability to plan production and output; a better defined fiscal and clearer monetary policy; a continued drive to stimulate non-oil economic activity – factors which would have a direct impact on the country’s high (and persistent) youth unemployment rate and tight productive margins.
As expected, NASD witnessed fewer trades and less activity than before in this last week. We believe this weekend may provide an all-important reassurance to investors (both local and foreign) and play a critical catalyst in stimulating growth in the Nigerian economy. We therefore join the rest of the nation and the international economic community in looking forward to a transparent, peaceful and decisive electoral process.
Market Activities For Week 07
As at close of trade week on 15 February 2019, market Capitalisation decreased to ₦513.16 billion from last week’s previous ₦520.27 billion, which shows a 1.42 % decrease in Capitalisation. Also the USI for the week ending 15 February 2019 recorded a decrease from 724.59 points to 714.27 points.
Market in Numbers (Year-to-Date)