Reform'll give stock market a facelift in 2012 -Operators

Considering the ongoing reforms in the capital market lately, operators on the exchange have said that gains expected from the reforms will be much visible in 2012, just as this will translate to growth and development of the securities market.The operators said the reform which was majorly geared towards repositioning the exchange for profitability, as well as returning investors' confidence in the face of the global financial crisis noted that the equities market would be more stable in the year in view.Reacting in an interview on the outlook of the market for 2012 in the face of the sustained depletion in the value of equities, a senior stockbroker who chose not to be mentioned in print, said that there was more promise for next year because a lot of things that happened this year have to do with how to reshape institution and listed companies.The operator, who said that some of the bank give a better sanctity for trading next year, explained that the entire capital market was down currently at about seventy per cent.' That is not a very good news for the stock market at the moment and that is not unique globally.In contribution, the Managing Director of PAC securities limited, Chief Eugene Ezenwa said 'We are very optimistic that year 2012 will be better, in terms of better capital appreciation and liquidity within the system.He said that, different products and initiatives beings put up by the present NSE management would begin to translate positively into the market, stating that all things being equal, the people who run the affairs of our economy cannot grow taller than its capital market.
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