Investors and operators in the Nigerian stock market have listed low disposable income, low awareness, lack of incentives and high yields in the fixed income market as some of the factors discouraging domestic retail investors from patronising the market despite low prices of stocks.
But speaking to THISDAY on why investors are not taking advantage of the low prices of stocks, market stakeholders said thinner disposable income and lack of enough enlightenment awareness are major factors. Dada, noted that less than 10 per cent of the population patronise the stock market , possibly due to lack of education about the role of capital market as an alternative investment.
“Tax incentives on stock market transactions should be granted by the government. This will go a long way in reducing cost of transactions,” Dada added. On his part, Moses Igbrude of Independent Shareholders Association of Nigeria , said low patronage of the stock market by retail investors is due to lack of needed and relevant information on the operations and the dynamics of how the capital market can be used to create wealth for the economic well-being of interested investors either short or long term.
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