Data relevant to improving stock market participation – Absa

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Absa Nigeria, a pan-African bank with a strong footprint across the African continent, has advised stock market investors and stakeholders to prioritise market data in order to achieve success in the capital market.

A statement said Absa’s advice followed the increasing trend of data dependence in capital market participation and decision-making.

The statement said, “Globally, there is an increase in the reliance on market data as a tool for making sound financial decisions, and the Nigerian case is no different.

“A study carried out by Refinitiv in 2020 shows that 57 per cent of capital markets professionals expect to spend more time analysing data, and 74 per cent believe data analysis to be the most important skill that will be required to work on the future trading desk.”

The Chief Executive Officer, Absa Securities, Akinkunmi Majaro, said, “Market data is a valuable recourse for portfolio investors during a challenging cycle. Hence,…

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