Ruth Ibikunle
The Nigerian stock market closed the year 2024 on a bullish note. It started the year 2025 on a positive note returning 1.42% week on week. Year to date, the market has returned 0.64% with the All Share Index and Market Capitalisation at 103,586.33 points and N63.166 trillion respectively.
In a stock market review with the MD/CEO of APT Securities and Funds Limited, Mallam Garba Kurfi, the following were discussed:
Excerpts:
- The stock market returned 37.65% in 2024. It started the year 2025 on a bullish note with the All Share Index returning 0.64% week to date. What is the outlook for the New Year?
The Outlook for 2025 is looking positive as there is likely stability in the Foreign Exchange, which will promote more presence of Foreign Investors. The recapitalisation of insurance runs positively to the insurance sector, and with the reduction of inflation to 15%, it will promote more activity in the capital market.
- What is driving the positive vibration in Insurance stocks?
The recapitalisation of the insurance companies raised hope in the industry.
- Why is PZ trending down?
The trading down of PZ has to do with the demand and supply of the stocks.
- Is Prestige Assurance a good buy at N1.46?
Yes, Prestige Insurance is a good buy at N1.46.
- What should be the investment strategy for the New Year?
The investment strategy for the New Year is always to take your profit as when due and invest more in the insurance sector, Energy and Telecommunications.
- What are the stocks to watch?
The stocks to watch are Insurance companies, TRANSCORP, MTN, AIRTEL AFRICA among others.