High T-Bill Yields To Pressure Nigerian Equities Market This Week

Elevated Treasury bill yields are expected to remain a key headwind for the Nigerian equities market this week as investors continue to shift funds toward risk-free assets.
Capital market analysts said the attractive risk-adjusted returns on T-bills are diverting flows from stocks, keeping sentiment weak on the Nigerian Exchange (NGX).
Cordros Securities Limited noted that, “This week, we expect elevated Treasury bill yields to remain a key headwind for the equities market, as attractive risk-adjusted returns continue to divert investor flows from risk assets.”
Cowry Assets Management Limited stated that, “Looking ahead, the Nigerian equities market is expected to remain cautious in...