Retail investors flock to stock market despite declining purchasing power.
Retail investors surged into the stock market in the first quarter of 2024, with transactions growing over fivefold compared to the previous year, despite soaring inflation dampening purchasing power. Nigerians are increasingly turning to stocks for higher returns amid inflationary pressures. However, many investors express concerns that inflation is limiting their investing capacity and hindering wealth accumulation. Additionally, instability in the foreign exchange market is impacting investment opportunities abroad. Despite these challenges, retail investors continue to show interest in stocks and bonds as alternatives to holding cash, particularly when receiving extra income or bonuses.
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