Nigeria’s capital market might have lost $2 billion in two days just last week, but leading financial markets analyst, Bismarck Rewane, insists this is the best time to invest in the market.

“This is the right time to come into the market, but investors need courage and money and a lot of people don’t have the courage, neither do they have the money to invest,” said Rewane, MD/CEO of diversified financial services institution, Financial Derivatives Company Limited.

He continued: “If you have the two, then you are good to go. But those who have money don’t have the courage and those who have courage, don’t have money. There are very few people that have both.

“So, you need the two Cs, which is courage and cash to play in the stock market at this time,” local media platform Thisday quoted him as saying.

He predicts that the stock market would appreciate after the 2015 elections, which had been responsible for most of the recent shocks suffered by the market.

The Nigerian Stock Exchange (NSE) All-Share Index and Market Capitalization depreciated by 8 percent to close at 27,585.26 and N 9.204 trillion respectively, on Friday, ending another poor week for the bourse this year.

All indexes also did worse than the previous week, except the NSE Oil & Gas Index which climbed 0.38 percent. NSE Alternative Securities Market (ASeM) Index closed flat.

Elsewhere on Ventures

Triangle arrow