Stock experts anticipate the present bullish run currently playing out at Africa’s best-performing equity market will remain long term.
Stock prices are becoming expensive as a consequence of consecutive weekly gains for the All-Share Index.
Nigerian Stock Index YTD performance improved to stand at 13.43%.
NSEASI advanced 2.5% in August outperforming the 0.9% gain in July and the 3.1% loss in June.
Ike Chioke, the MD of Afrinvest thinks the one thing that can prevent the naira from being devalued is a radical increase in crude prices.