Parthian Securities Investment Clinic examines pre-election impact on capital market

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Four months after the first edition of its free investment clinic titled “Bears & Bulls Series”, Parthian Securities on April 28, 2022 held another insightful session on the topic: “Equities, Bonds & Bills: Q1 review and H1 expectations”.

The session reviewed the fixed income and equity market performance for the first quarter of 2022 in line with the projections made by the research team during the first edition and also discussed the outlook for the first half of 2022.

At the first investment clinic in January, analysts at Parthian Securities predicted that in 2022 – despite being a pre-election year – the Nigerian stock market would remain positive due to increased participation national actors. On top of that, the team presented a list of stocks to watch in 2022.

These included: Telecom (MTNN, Airtel); Oil & Gas (Seplat, TotalEnergies); Commodities (Okomu, Presco); Building and Construction (Dangote, Lafarge); Bank (Access, GTCO, Sterling); and Health (Fidson, M&B).

Speaking during the virtual session, Parthian Securities’ head of investment research, Oluwaseun Dosunmu, commented on the predictions made by the team at the start of the year.

“The first session we had at the beginning of this year was quite insightful. We have made some forecasts for 2022 which have already gone well in the first quarter.

“The market has moved in shocking directions, as we expected, and 90% of the stocks we recommended are currently among the best performing stocks on the market. These stocks include Guinness, Seplat, Presco, Airtel Africa and United Capital.

“Guinness has risen significantly to 168% – its share price has risen from N39 at the start of the year to its current N88.45.

Also, Seplat Petroleum Development Company is up 68% – its share price has risen from N650 at the start of the year to its current price of N1,000, etc. “, did he declare. Regarding the equity market review for the first quarter of 2022, the presentation showed a positive market performance in the first quarter despite the prevailing uncertainties.

According to Oluwaseun Dosunmu, who was also a speaker on the April 2022 Bears & Bulls series, “Each pre-election year, investors become wary and cautious about investing in the market. However, things have changed in the opposite direction this year and the market performance has been impressive.

“Among the main drivers of this movement are: – The rally at the start of the year due to the listing of BUA on the NGX; investor reaction to annual corporate earnings and dividend reports; the dominance of domestic players over foreign players in the market and low yields in the fixed income market which forced investors to consider more profitable securities in the equity market.

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