Investstock

Nigeria closed the year 2017  on the high coming out of recession in same year on the backdrop of increase in crude oil price and luck and not necessarily major economic reform. The Naira after racing to above N500 to a Dollar stabilized between N360 and N370. This was after suffering two devaluations within a year.  The Capital Market benefited from the Economic resurgence as hot money came into the system to take advantage of the undervalued stocks. 2017 was a year of two halves.  The All Share Index (ASI)Closed at 38,243.19 the last trading day of 2017 and grew by 42.30%. Coming from the euphoria of 2017 the Market did not followed the normal January quiet trading but however rallied and caught almost everybody unaware. The way it rallied it was thought it was going to be a remarkable year, even better than 2017 until things started slowing down from late February and through the rest of the year. Although the Market started strong but the ASI ended up surrendering mo