The Nigerian stock market experienced its largest monthly loss in five years in November, as uncertainty surrounding the Capital Gains Tax (CGT), year-end portfolio rebalancing, and expectations of window-dressing by institutional players weighed heavily on equities.
However, the month-long bearish period holds potential opportunities for new entrants into the market, as “it is often a good time to position at a lower entry cost,” according to Samuel Oyekanmi, research and insights lead at Abuja-based Norrenberger.
“With normalisation alr
