Although only part of the losses from 2008 were recovered in 2009, the operators in the equity markets in Nigeria are confident that 2010 will see a real rebound.

The Nigerian Stock Exchange (NSE) All Share Index appreciated by 1.29 percent at the close of trading for 2009 to close at 20,827.17 points but showed an overall depreciation of 33.78% as against a depreciation of 45.77% in 2008.

Some brokers are particularly confident with good levels of growth expected to continue and the oil price rising. Other experts are more concerned, particularly about the uncertain political situation, the rising unemployment and decreasing purchasing power.

There is an overall sense of bullishness however, particularly in the long-term.

Reported by Business Day Online