Investors in the Nigerian Exchange gained N5.618tn between January 4, 2022 when the market opened and the close of business on December 30, 2022.
Despite the global economic risk, the Nigerian stock market’s capitalisation grew from N22.297tn as of January 4, 2022, to N27.915tn as of December 30, 2022.
In the period under review, the NGX All-Share Index grew by 19.98 per cent to 51,251.06 basis points amid volatility in stock markets across advanced countries caused by risk assets sell-offs by investors.report quoted in the Institute of International Finance, the emerging markets were hit by a record streak of withdrawals by foreign investors, leading to cross-border outflows of $38bn between March and July.
While speaking on the market run in the period under review, the Chief Executive Officer of Wyoming Capital and Partners, Tajudeen Olayinka, toldthat the performance was driven largely by the availability of investible funds and impacts of inflation, while cautioning that more needed considering the size of the Nigerian economy.
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