Indications have emerged that political activities ahead of the 2015 general elections are beginning to affect the capital market performance.
Experts in the Nigerian Stock Exchange, who spoke toSUNDAY PUNCH on Thursday, said some politicians that are key players in the daily market transactions might have begun to hoard funds in preparation for electioneering.
Others are said to be selling off their shares in some companies quoted on the NSE in a bid to store funds for their political project.
They said these were largely responsible for the phenomenal loss recorded in the capital market this year.
According to the experts, it is common for investors who are politicians to begin to amass funds at a time like this for political campaigns and other related matters.
This, they noted, had contributed considerably to the huge loss of over N780bn in the market capitalisation at the end of the first quarter that ended in March.
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