Nigeria's All Share Index finishes flat on light volume

Nigeria's All Share Index finished today with very little change as traded volumes remained relatively low. Investors continue to grapple with the uncertainty in the market as they await government policies and strategies that will inspire confidence and drive sustainable growth. Ayodele Akinwunmi, the Head of Research at FSDH Merchant Bank, shared insights on the trading day, highlighting the challenges faced by both local and foreign investors. The market saw marginal gains today, with the banking index being the only sector in the green. However, the overall sentiment remains cautious as investors navigate through a landscape of high yield securities and weak performance expectations. Akinwunmi emphasized the importance of government policies in boosting investor confidence and driving market opportunities. The effects market continues to pose challenges for foreign investors, while local investors focus on fixed income securities with high yields. The upcoming Euro bond roadshow presents a potential opportunity to raise funds, but long-term sustainable growth will require strategic partnerships with the private sector to develop critical sectors like infrastructure. As the market grapples with these uncertainties, investors are looking for clear signals and initiatives that will drive positive momentum and restore confidence in Nigeria's economic landscape.