Capital Market Lull: NSE Past Presidents Urge Investors To Remain Optimistic | Independent Newspapers Limited
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Capital Market Lull: NSE Past Presidents Urge Investors To Remain Optimistic

Posted: Mar 31, 2016 at 9:12 am   /   by   /   comments (0)

The past and present presidents of the Nigerian Stock Exchange (NSE) have expressed concern at the persistent lull in the equities market and agreed to join forces for a lasting solution to the current trend.

They are Malam Balama Mahu, Mr Goddy Ibru, Alhaji Aliko Mohammed, and the incumbent President, Mr Aigboje Aig-Imoukhuede.

Speaking at the end of a meeting held on Wednesday in Lagos, Aig-Imoukhuede, said it was necessary to tap from experiences of the past presidents in tackling the current challenges in the market.

He said that the effort to demutualise the stock exchange and make it a listed entity also formed part of the deliberation at the meeting.

He said that the essence of the meeting was to brief the past presidents on market developments in the last five years.

“We also discussed critical projects the exchange has embarked upon, derivatives, and most importantly, the demutualisation project,” he said.

The president said that the current challenge of the market was the major discussion at the meeting and most past presidents commented on the way forward.

“We happen to be facing a global capital market challenge and a number of economic challenges,” he said.

Aig-Imoukhuede urged investors and stockbroking community to remain optimistic in spite of the lull.

He urged investors to increase their investment in the Nigerian capital market to foster economic growth and development.

“Market we all know experiences volatility from time to time and we have high point as well as low point.

“There is a low point in every market; one that nobody wishes, but the good news about low point is that this is the time to buy.

“There are those that will profit significantly from the challenges today, but you must remain optimistic because this time too will pass.’’ (