Ex-President, Shareholders Solidarity Association of Nigeria wants increase in share prices

Ex-President, Shareholders Solidarity Association of Nigeria wants increase in share prices

Former President, Nigeria Shareholders Solidarity Association (NSAN) Mr Timothy Adesiyan, on Thursday said shareholders were expecting increase in share prices from the incoming government, come May 29.

Adesiyan said this in an interview in Lagos.

According to him, the decrease in share prices, of recent, is not helping the overall earnings of shareholders in the country.

He said:“There is need to secure investments in the capital market and the Nigerian Stock exchange (NSE).

“The current leadership of the Security and Exchange Commission (SEC) and NSE are trying their best to secure our investments but shareholders need more.

“Adequate care should be taken to ensure that foreign direct investments come into the country as well as ensure that the foreign investors do not come and exit as they like which put the shareholders at risk.

“We want protection from government in the areas of delisting of companies“

The ex-president of the association noted that companies kept declaring poor results after using the shareholders’ money to improve their businesses.

“The painful aspect of the delisting is that, after few months of being delisted, the companies will bounce back into full business.’’

Adesiyan said that poor results being declared by companies always discourage shareholders from investing more.

He, however, urged that the interest of shareholders should be taken into consideration before delisting companies.

Adesiyan said that shareholders would also like the government to appoint a person with experience of the market and share reading as Minister of Trade and Industry.

Source: NAN

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