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Oritsejafor: Domestic Investors will Continue to Dominate Equities Market

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Managing/Chief Executive Officer of United Capital Securities Limited, Mr. Bawo Oritsejafor in this interview with Goddy Egene speaks on the Nigerian capital market and prospects for investors among other issues. Excerpts

What in your opinion was the driver of the stock market in the first half of (H1)-2021?
The driver of the equities market in H1-2021 was been the reversal of yields in the fixed income and treasury markets. The market kicked off 2021 relatively strong carrying over the bullish momenta from 2020, gaining 5.3 per cent in January-2021. However, towards the end of January we began to see investors navigate from equities into fixed income assets as it became obvious that the government was on an intense debt spiraling program.This was recently evident in the latest budget implementation document released by the government which showed the height of the borrowing at the start of the year. So, we will say that…

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