Poll Results: What are the Top 3 issues affecting Investors’ Confidence?
Category: Capital Market
June 20, 2012 / Poll Survey
Investor confidence remains an integral part of the stock market and indeed sets the tone for any recovery as we have seen in the banking sector and other jurisdictions; where professional malfeasance, regulatory negligence and operator activities had to be reined in, actions taken and remedies provided.
Given that the capital market has not gained much traction since the slide that began four (4) years ago; we sought to know what where the key issues affecting how stakeholders perceived the market.
A focus group session was held where a number of reasons and issues were discussed and five (5) points agreed upon to be polled for a period of no less than one (1) week and no more than two (2) weeks. Here are the results.
139 respondents, representing 43.44% of the entire poll population, are of the view thatthe Nationalisation of Banks with SEC involvementis more damaging to investors’ confidence in the Nigerian Capital Market.
The second reason, as supported by 40.63% (representing 130 persons) of the respondents were of the opinion that the 2008 Starcomms deal managed by Chapel Hill Denham/IBTC Stanbic represents a significant damage to investors’ confidence in the Nigerian Capital Market.
10.63% of the respondents were of the opinion that the non-resolution of cases brought before the SEC was the third most damaging to investors confidence.
The graph below puts the poll result in proper perspective.