Some capital market operators have listed events that will shape the stock market and the economy in 2022. He added that OPEC meetings, December year-end corporate earnings, interest rate, and industrial output would also shape economic activities in 2022. He also listed agriculture, financial services, telecommunications, manufacturing, industrial goods, and healthcare as sectors that would drive the growth of the stock market in 2022, going by their contributions to the GDP. Also speaking, Mr Rotimi Olubi, the Managing Director, Morgan Capital Securities Ltd., said the performance of the stock market in 2022 would be characterised by several factors. Olubi said the introduction of IFRS 17 for insurance companies would impact reporting of insurance companies’ contracts.

Source: Punch December 28, 2021 23:06 UTC