{"id":45750,"date":"2020-12-31T09:01:08","date_gmt":"2020-12-31T08:01:08","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=45750"},"modified":"2020-12-31T09:01:08","modified_gmt":"2020-12-31T08:01:08","slug":"experts-seek-friendly-monetary-policies-to-sustain-stock-market-growth-in-2021","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/experts-seek-friendly-monetary-policies-to-sustain-stock-market-growth-in-2021\/","title":{"rendered":"Experts Seek Friendly Monetary Policies To Sustain Stock Market Growth In 2021"},"content":{"rendered":"<nav class=\"dt-menu-bar dt-sticky dt-menu-bar-sticky\">\n<div class=\"container\">\n<div class=\"row\">\n<div id=\"_mg-1609401028349\" class=\"col-lg-12 col-md-12 megamenu-nav-parent\">\n<div class=\"dt-main-menu-md\">\n<div class=\"row\">\n<div class=\"col-lg-8 col-md-8 col-sm-8 col-xs-8\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/nav>\n<div class=\"dt-default-single-page\">\n<div class=\"container\">\n<div class=\"row\">\n<div class=\"col-lg-9 col-md-9\"><main id=\"main\" class=\"site-main\" role=\"main\"><\/p>\n<article id=\"post-29285\" class=\"post-29285 post type-post status-publish format-standard has-post-thumbnail hentry category-capital-marketbanking tag-capital-market tag-experts tag-monetary-policy tag-stock-growth tag-stock-market\">\n<div class=\"entry-content\">\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\">As the nation\u2019s bourse winds down for 2020 in green, capital market experts have called for an accommodative monetary policies to support economic growth.<\/figure>\n<\/div>\n<p>They said this in series of interview with the News Agency of Nigeria (NAN) in Lagos, while reacting to the Nigerian Stock Exchange (NSE) emergence as the best-performing stock market among the 93 equity indexes being tracked by Bloomberg across the world.<\/p>\n<p>Uche Uwaleke, a financial economist and Professor of Capital Market at Nasarawa State University, Keffi, called for an accommodative monetary policies that would support economic growth.<\/p>\n<p>Uwaleke urged the Central Bank of Nigeria (CBN) to pursue a low interest rate environment through accommodative monetary policies to sustain market rally in 2021.<\/p>\n<p>He attributed the stock market rally to investors preference that shifted to the riskier equities market that offered returns higher than inflation rate.<\/p>\n<p>\u201cThe major reason is the fact that other competing asset classes such as fixed income securities lost their attractiveness owing to CBN policies which lowered yields,\u201dhe said.<\/p>\n<p>Also, Mr Ambrose Omordion, the Chief Operating Officer, InvestData Ltd., said that rates must remain low to drive economic recovery and sustain stock market growth.<\/p>\n<p>Omordion urged the apex bank to pursue friendly policies to boost economic activities and investment education to attract more participants to the market.<\/p><div data-ad-id=\"32665\" style=\"text-align:center; margin-top:0px; margin-bottom:0px; margin-left:0px; margin-right:0px;float:none;\" class=\"afw afw_ad_image afw_ad afwadid-32665  \">\r\n                                                            <div style=\"font-size:10px;text-align:center;color:#cccccc;\">Advertisement<\/div>\r\n\t\t\t\t\t\t\t<a target=\"_blank\" href=\"http:\/\/www.accessbankplc.com\" rel=\"nofollow\"><img decoding=\"async\" height=\"auto\" max-width=\"100%\" src=\"https:\/\/nationalwire.com.ng\/wp-content\/uploads\/2019\/06\/Banner-1.jpg\"><\/a>\r\n                                                                        \r\n\t\t\t\t\t\t\t<\/div>\n<p>\u201cStock trading education will help the market create jobs for Nigerian youths and reduce insecurity in the system today.<\/p>\n<p>\u201cStock market dynamics and history play out in different demension with policies from regulators and government at any time,\u201d Omordion said.<\/p>\n<p>According to him, low interest rates and yields in fixed income market supported the stock market as funds are entering equity space for high higher, due to rising inflation.<\/p>\n<p>Records of trading on the NSE as of Dec. 29, showed that the equity market rose by 45.70 per cent year-to-date when compared with a loss of 14.60 per cent achieved in 2019.<\/p>\n<p>At the close of transactions on Dec. 29, the All-Share Index of the Exchange during the review under period rose by 45.70 per cent year-to-date to close at 39,110.17 against the opening year index of 26,842.07.<\/p>\n<p>Also, the market capitalisation which opened for the year at N12.958 trillion inched higher by N7.49 trillion to close trading on Dec. 29 at N20.446 trillion.<\/p>\n<\/div>\n<\/article>\n<p><\/main><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/p><!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>As the nation\u2019s bourse winds down for 2020 in green, capital market experts have called for an accommodative monetary policies to support economic growth.<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":6,"featured_media":37938,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23],"tags":[576,2584,7951,4282],"coauthors":[2391],"class_list":["post-45750","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","tag-capital-market","tag-monetary-policy","tag-stock-growth","tag-stock-market"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.9 - 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