Stock Prices on the rise: Bullish September

Posted by Felix Okoli on Tuesday October 16, 2012 at 9:31:51:

Recently, in the month of September till date, stock prices in Nigeria have been rising and this shows that buyers have started buying and this probably means that confidence is returning and the stock market would experience some appreciation by the start of 2013.

Already, shares like those of Fidelity, Skye, Diamond and Access bank are already rewarding investors who bought them at below N2. Even Sterling bank have started rising as it just broke the N2 barrier after being in the N1 region for a while. Chances are that this stock prices would double by the end of March 2013 and if you have good money, I just advise you buy a lot of them

Apart from the banks, there are also other sectors in Nigeria's economy that would make a good investment such as the food and health sector. Insurance shares may not be a good investment for now as I heard that some banks are already divesting from them but anyway, there are still kobo stocks and may experience some minimal growth margin.

Already, on the issue of possible inflation in Nigeria which is mostly an annual factor, investing in stocks is mostly a good business decision as stock prices tend to do ok during inflation.

The idea behind making money by trading stocks is to buy at a low point and sell within a short time(less than a year) after it appreciates in order to get capital gains.

It is not too late to buy.

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Re: Stock Prices on the rise: Bullish September Reply by Ibe PJ on Tuesday October 16, 2012 at 24:32:4:

Ofcourse buying stocks has been d best deal ever. It's secure nd hopeful. How can i know when nd where to buy good company shares?




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Re: Stock Prices on the rise: Bullish September Reply by Felix Okoli on Tuesday October 16, 2012 at 24:32:4:

You can get advise from your stockbroker. You can monitor a particular stock by reading their company reports and the NSE


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