• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Friday, June 6, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Equities Investors Gain N1.4trn In August Trading

by Olushola Bello
2 years ago
in Business
equities
Share on WhatsAppShare on FacebookShare on XTelegram

Investors’ confidence in Nigeria’s stock market remained strong as equities investors gained N1.4 trillion in August, 2023, despite concerns around the soaring inflation, interest rate hikes and weak macroeconomic indices.

Advertisement

Also, the Nigerian Exchange Limited (NGX) has emerged one of the best performing exchanges in Africa during a three-month duration.

According to African markets, a website tracking the performance of Exchanges in Africa, Ghana Stock Exchange gained 22.84 per cent, thus, emerging first while NGX rose by 19.33 per cent, thereby, coming second on the list, followed closely by Malawi stock exchange with 15.79 per cent.

This development has pushed the market to its 15-year high on the back of strong positive sentiments, as the market capitalisation- listed value of equities, which opened the trading month of August at N35.011 trillion, closed the month at N36.422 trillion, hence gaining N1.41 trillion.

On the other hand, the All-Share Index (ASI), which is the broad index that measures the performance of Nigerian stocks, opened the trading month at 64,337.52 index points at the beginning of trading on August 3, 2023, and closed at 66,548.99 points at the end the month on August 31, gaining 2,211.47 basis points or 3.44 per cent.

RELATED

SEC Urges Young People To Avoid Ponzi Schemes

SEC Sets November Deadline For T+2 Settlement Cycle Compliance By Operators

19 hours ago
Zenith Grows Earnings By 24% To N945.5bn

Zenith Bank Named Nigeria’s Best Bank At 2025 Global Finance Awards

19 hours ago

The bullish trend can be attributed to investors’ jostling for low, medium, and high capitalised stocks across some major sectors amid favourable policies introduced by President Bola Tinubu’s new administration such as the removal of fuel subsidies, unification of exchange rate, investors strategically positioning themselves and taking advantage of the recent record earnings posted by quoted firms and the recent formation of the country’s economic cabinet and executives. Interestingly, the market traded in mixed sentiments during the month under review.

Speaking on the performance of the market, analysts maintained that most investors, particularly domestic investors are optimistic that the economy will take shape soon, hence the reason the stock market is defying current macroeconomic uncertainties.

Cordros Research in its market review and outlook for financial markets titled; Veering from the watershed point, stated that, the equities market resilience reflects heightened investor optimism for domestic growth with the new administration’s promulgation of long-needed policies.

According to the report, the implementation of policy reforms, accommodative monetary policy and resilient corporate earnings have so far supported buying activities in August.

“Even though foreign investors are expected to stay on the sidelines as long as FX illiquidity issues persist, its baseline expectation is that the market will deliver a positive return of 25.8 per cent in the full year of 2023,” it stressed.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

START EARNING US DOLLARS as a Nigerian ($35,000) monthly. Companies are sacking their workers due to AI (artificial intelligence), business owners are in panic mode. Only the smart will make it. Click here


Tags: equities
SendShareTweetShare
Previous Post

Nigerian Breweries Redefines Taste With ‘Goldberg Black Lager’

Next Post

Falana Seeks Suspension Of British Airways, Virgin Atlantic Over BASA Breach

Olushola Bello

Olushola Bello

You May Like

SEC Urges Young People To Avoid Ponzi Schemes
Business

SEC Sets November Deadline For T+2 Settlement Cycle Compliance By Operators

2025/06/05
Zenith Grows Earnings By 24% To N945.5bn
Business

Zenith Bank Named Nigeria’s Best Bank At 2025 Global Finance Awards

2025/06/05
Oyetola
Business

Oyetola Leads Nigeria’s Delegation To UN Ocean Conference In France

2025/06/05
Large-cap Stock Drives Local Bourse To N180bn Gains
Business

Bullish Streak Extends As Stock Market Cap Hits N71trn

2025/06/05
Oando Resolves Shareholder Dispute, Releases 2019, 2020 Results
Business

Oando PAT Up 267% To N220bn

2025/06/05
Electricity Workers Shut Down AEDC Headquarters Over Unresolved Workers’ Grievances
Business

Power Outage Looms In Abuja, 3 States As AEDC Workers Issue Strike Notice

2025/06/05
Leadership Conference advertisement

LATEST

Eidal-Adha: Matawalle Donates 3,000 Rams To Zamfara People

In Sallah Message, Tinubu Assures Nigeria ‘ll Prosper, Reforms Working

Crisis Brews In Zazzau Emirate As Ex-Waziri Petitions Kaduna Assembly Over Emir’s Seat

Trump Would Have Lost Election Without Me — Elon Musk

Eid-el-Kabir: Ganduje Rejoices With Muslim Ummah, Preaches Sacrifice, Charity

Era Of Banditry, Terrorism ‘ll Soon End — Wike

Abuja Lions Club Donates 90-bed Hostel To FCT School Of The Blind

Eid-el-Kabir: Senator Ajagunla Shares 2,500 Bags Of Rice, 100 Rams To Constituents

Eid-el-Kabir: Speaker Abbas Urges Muslims To Pray For Nigeria, Imbibe Spirit Of Sacrifice

Eid-El-Kabir: Barau Calls For Unity, Support For Needy

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.