When not to buy shares
NaijaRock
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Posted by Felix Okoli on February 17, 2009 at 07:07:45:
Do you think this is the right time to buy shares on the Nigerian stock exchange. The last public offer that we had was that of HoneyWell's and i don't think that fared too well. The daily falls in the price of stocks in the NSE is worrisome and to think that this slow down and reverse in our economy is mostly influenced by external forces like oil and the US led global recession.
This again, this is the best time to buy shares in Nigeria because most of the most priced and juiciest stocks now have all fallen to their minimum, it will do you good to buy shares for the long run and most especially if you have your funds in dollars. Us Dollars are the best currency in Nigeria for now with most investors looking for it and for the current state of the naira. A dollar is currently at about N155 in the black market all the way from about N135 about 2 months ago. Buying shares now for the short term may not do you well, but buying and waiting for say2 years will really do you good. First bank shares are now rock bottom at about N17 and Fidelity bank's at about N2 all the way from N12 a few months ago. Zenith and Intercontinental bank shares are also a good buy. Just invest now, it will pay later.
Comments:
Do you think this is the right time to buy shares on the Nigerian stock exchange. The last public offer that we had was that of HoneyWell's and i don't think that fared too well. The daily falls in the price of stocks in the NSE is worrisome and to think that this slow down and reverse in our economy is mostly influenced by external forces like oil and the US led global recession.
This again, this is the best time to buy shares in Nigeria because most of the most priced and juiciest stocks now have all fallen to their minimum, it will do you good to buy shares for the long run and most especially if you have your funds in dollars. Us Dollars are the best currency in Nigeria for now with most investors looking for it and for the current state of the naira. A dollar is currently at about N155 in the black market all the way from about N135 about 2 months ago. Buying shares now for the short term may not do you well, but buying and waiting for say2 years will really do you good. First bank shares are now rock bottom at about N17 and Fidelity bank's at about N2 all the way from N12 a few months ago. Zenith and Intercontinental bank shares are also a good buy. Just invest now, it will pay later.
Comments: