A former President of the Chartered Institute of Stockbrokers, Tunde Amolegbe, has said that galloping inflating and the corporate earnings of listed companies are factors that may drive the equity market to outperform the fixed income market this year. On the outlook for both markets, Amolegbe said, “We anticipate gains due to a better macroeconomic landscape and resilient corporate earnings despite ongoing FX challenges. “The reasons include substantial earnings growth sustaining market sentiment and the potential impact of domestic interest rate policies on borrowing costs and foreign portfolio investment participation.”“Substantial earnings growth is expected to sustain market sentiment. The Equities Market is expected to outperform in response to inflation as well as positive corporate earnings report. Is the market price reflecting all available information at any point in time?

Source: Punch January 24, 2024 11:57 UTC