October 13, 2020/Coronation Report

During the two weeks to 9 October, the Nigerian Stock Exchange All-Share Index (NSE-ASI) rose by 7.96%, bringing its year-to-date return to 5.86%. To what can we attribute the popularity of equities during a recession?

The answer, we believe, was the cut in the monetary policy rate on 22 September, signaling that we are not returning to a high-rate environment. Nigerian investors are learning to diversify.

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