CIS seeks investors’ collaboration to increase returns
The Chartered Institute of Stockbrokers (CIS) has urged investors to partner stockbrokers to minimise investment risks and maximise returns.
President of the Institute, Olatunde Amolegbe, who commended the performance of the Nigerian Stock Exchange (NSE) last year, advised local investors to take advantage of the enhanced return on investment (ROI).
In his 2021 goodwill message to stockbrokers and investors, Amolegbe stated that the CIS would soon review its membership rules and regulations to reflect current market realities and emerging new roles of stockbrokers.
“In a year that most economic indicators turned red, aptly summarised by the country’s slump into another round of recession in just five years, the NSE brought great joy, wealth, and fulfillment to millions of investors, local and international.
“By the close of trading on December 31, 2020, the NSE All-Share Index had achieved a year-to-date appreciation of 50.03 per cent, making Nigeria the best performing stock markets/investment destination in the world.
“Dealers were trading remotely on a full-time basis, new issues were done and companies were paying dividends and bonuses to their clients as usual. The Chartered Institute of Stockbrokers (CIS) was a pacesetter in the process, as we held our yearly conference, presidential investiture, and dozens of training programmes virtually and excellently, to the admiration of the rest of the world,” he said.
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