The Nigerian Stock Exchange (NGX) All-Share Index recorded an 18.9% gain in the first half of 2023.
The feat culminated in a closing figure of 60,108.86 index points for the NGX.
Daily Report Nigeria reports that the achievement marks the highest point attained in over 15 years when it clocked an impressive 63,016.6 points.
ATTENTION: Click “HERE” to join our WhatsApp group and receive News updates directly on your WhatsApp!
Financial expert have attributed the development to the implementation of favourable policies by President Bola Tinubu’s administration, among other factors.
Atiku Lamido: Miyetti Allah National Vice President Declared Missing
The harmonisation of various exchange rates, and the decision to float the naira were listed as measures pivotal to bolstering investors confidence and stimulating the stock market.
June closed with an All-Share Index of 9.32%, bringing an end to a 4-year streak of losses experienced during this month.
Jagaban Effect: Stock Market Records N1.5trn Gain After Tinubu’s Inauguration
In the face of several concerns surrounding rising inflation, hike in interest rate as well as the fallout from the 2023 general elections, investor confidence has remained resolute and fostered an increased buying activity in the market.
Leave a comment