Financial analysts at Coronation Research said that investors will remain interested in risky assets (including equities) if monetary authorities abstain from offering risk-free returns above the rate of inflation.

The analysts stated this in their 2023 outlook report titled ‘2023 Investment Strategy: Better times in 2023’. 

The analysts also noted that in the past three years, the NGX All-Share Index (NGX-ASI) has provided a positive Naira return.

Departure from a trend: According to the analysts, this marks a welcome departure from the trend, given that five (2014, 2015, 2016, 2018 and 2019) of the past ten years yielded negative returns. Read more here..