Nigeria’s equities market has witnessed a substantial fifty-four point three percent growth, reaching three point five eight trillion naira trillion in trade value for the year 2023.
This increase from two point three two trillion naira in 2022 defied earlier predictions, with the highest trading activity recorded in July 2023 at seven hundred and two point nine eight billion naira.
Comparisons to the record-breaking year of 2007, when four point one seven two trillion naira worth of stocks were traded, highlight the significant resurgence.
The market closed 2023 with an equities capitalization of forty point nine one seven trillion naira and an All Share Index (ASI) at seventy-four thousand, seven hundred and seventy-three point seven seven points, boasting a remarkable forty-five point nine percent return.
The post Nigerian Equities Surge in 2023, Outpace Forecasts first appeared on Royal Times of Nigeria..