Which stock prices are like to rise
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Posted by Felix Okoli on July 13, 2010 at 01:54:06:
It is becoming rather hard to accurately predict which stock prices are likely to rise of fall in the Nigerian stock market. Even brokers are not certain but profit right now is based on short market movements by market movers and those with huge funds. Prices of shares rise and fall based on activity levels and the more liqudity that is involved or passed around, the more likely for prices to appreciate or fall.
Now, suppose someone wants to invest in the capital market and would like to know which profitable investment to buy into, stockbrokers would most likely advise the investor based on current news and corporate information. If the investor has more funds like N500,000, then he may be able to have a more reasonable profit in the short term than if he is just willing to invest in the short term with N50,000. In the short term and particularly current market slowdown, high volume investments tend to pay much better and more likely to bring a rise in stock prices.
However, I cannot specifically say which stock prices are likely to appreciate in the short term but in the long term, if I were to invest for capital profit, here are stocks that I think would most likely appreciate for the period:Banking stocks:
First bank
GTBank
Fidelity Bank
Unity Bank
Sterling BankInsurance stocks:
Sovereign Trust
Standard Alliance
Goldlink Insurance
You should still consult your broker before making any final decision on which stocks to buy
Comments:
It is becoming rather hard to accurately predict which stock prices are likely to rise of fall in the Nigerian stock market. Even brokers are not certain but profit right now is based on short market movements by market movers and those with huge funds. Prices of shares rise and fall based on activity levels and the more liqudity that is involved or passed around, the more likely for prices to appreciate or fall.
Now, suppose someone wants to invest in the capital market and would like to know which profitable investment to buy into, stockbrokers would most likely advise the investor based on current news and corporate information. If the investor has more funds like N500,000, then he may be able to have a more reasonable profit in the short term than if he is just willing to invest in the short term with N50,000. In the short term and particularly current market slowdown, high volume investments tend to pay much better and more likely to bring a rise in stock prices.
However, I cannot specifically say which stock prices are likely to appreciate in the short term but in the long term, if I were to invest for capital profit, here are stocks that I think would most likely appreciate for the period:Banking stocks:
First bank
GTBank
Fidelity Bank
Unity Bank
Sterling BankInsurance stocks:
Sovereign Trust
Standard Alliance
Goldlink Insurance
You should still consult your broker before making any final decision on which stocks to buy
Comments: