The Nigerian Stock Exchange (NSE) has been on a bearish run since the beginning of this year, and the market has lost more than N1 trillion so far. The All Share Index was down 3.44% on Thursday.
The Chief Executive Officer of the Nigerian Stock Exchange, Mr. Oscar Onyema on Thursday, during the presentation of the NSE 2015 market recap 2016 outlook in Lagos has advised investors to take a portfolio approach to investing in the market.
We believe that taking a portfolio approach to investing provides the best risk adjusted alternative for participating in the capital market. As such, we want to ensure that the NSE provides a repertoire of products that will allow investors to create well diversified portfolios of uncorrelated asset classes. He said.
The NSE boss believes that the negative performance of the stock market is a reflection of the domestic economy, and despite the poor performance, opportunities are still abound in the market for sound investors to profit from.
Analysts believe that the dwindling performance of the economy is due to the non-existent/or a clear laid out policy direction of the Buhari Government.