Meanwhile, activity in the equities market
increased as total deals, transaction volumes and Naira votes rose by 40.43 per cent, 29.34 per cent and 4.66 per cent to 26,980 deals, 2.45 billion shares and N28.14 billion respectively.
Brown: I'm positive about the equities market
'Despite the recent sell-off in the equities market
, we believe this presents decent entry opportunities in our quality names,' the InvestmentOne report affirmed.
Despite inclined market activities and gainers outweighing losers, the equities market
dropped and this is not unconnected to 3.04 per cent drop in price of Dangote Cement Plc.
While the gain in the equities market
index for the week was welcomed as it countered effect from the penultimate week losing streak, the equities market
still tends towards the south as the festive season dwindle market activities.
'The expansion of equities market
so far showed increasing investors' confidence in the potential of the market,' said APT Securities.
The equities market
recorded ASI closes of 37,692.60 points, 36,600.07 points, 36,608.76 points, and 36,688.75 points on Monday, Tuesday, Wednesday and Thursday's trading sessions respectively.
Products providing capital protection are a good fit for conservative investors seeking to explore equities markets
while limiting the downside risks."
"This is due to many reasons including the high proportion of real estate in regional portfolios as compared to mature markets, the relatively small equities markets
in the region and the lack of transparency in mid/large-size investment deal volume.
Colin Blaydon, director of the center for private equity at Dartmouth's Tuck School of Business, agrees that "everybody is piling into it." He notes that employee retirement systems operated by corporations, unions and governments are especially prone to invest in public equity funds "at a time when the equities markets
clearly aren't performing well.
The contracts purchased are with financial customers in the North American equities markets
and traders in the commodities/energy segments.
Many people complain that the trend toward basket trading is causing the "commoditization" of the equities markets
, and that commoditization is harmful because it distorts the valuation of individual equities.