STOCK MARKET TO RECOVER GRADUALLY AMID ELECTION RISKS — ADONRI

Seasoned investment analyst and CEO of Adonai Stockbrokers, Mr. David Adonri, has predicted a gradual recovery for the Nigerian stock market in the coming months despite lingering risks associated with the 2027 election cycle.

Speaking at a market outlook session, Adonri noted that while political uncertainties could weigh on investor sentiment in the short term, strong corporate earnings and attractive valuations in several sectors would support a rebound. “The market has the fundamentals to recover, but investors must remain cautious of election-related volatility,” he said.

He advised portfolio diversification and focus on defensive stocks as well as companies with strong cash flows and dividend histories. Adonri also highlighted opportunities in the banking, consumer goods, and oil & gas sectors, provided macroeconomic conditions stabilise.

The analyst urged the government and regulators to maintain policy consistency to build investor confidence. He expressed optimism that a well-managed electoral process could ultimately boost market performance post-2027.

Market participants have welcomed the cautious yet positive outlook as the NGX navigates a challenging environment.