Nigeria’s benchmark stock index may rise 43% this year as bank shares gain, CSL Stockbrokers Ltd. said in today.
The brokerage is “overweight” Nigerian equities and high- yielding bank deposits while it is “underweight” on government bonds and Treasury bills, it said.
Nigeria’s economy may expand 6.5% this year and 7% in 2011, CSL forecast.
About CSL Stockbrokers
CSL Stockbrokers Limited was officially licensed on November 4, 1977 by the Nigerian Stock Exchange (NSE) to operate as a stockbrokerage business. CSLS is regarded as a pioneer in the stock broking industry in Nigerian and has a client base of over 300,000 investors spread among various tiers of government, corporate organizations, and individuals.
CSLS is the leading securities trading company in transaction amount and value for a significant proportion of all trades in the Nigerian stock market. The company is one of the most capitalized stockbroking firm in the country with a paid-up share capital of N75 million, which is well in excess of the SEC minimum capital requirements for broker/dealer firms. The company also has four offices in Lagos, Abuja, Port-Harcourt and Kano
Read more on the Nigerian Stock Exchange (NSE)
Source(s): Bloomberg News
