• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Friday, July 18, 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

Stock Market Investors Lose N1.12trn In 2 Months

by Olushola Bello
11 months ago
in Business
Stock Market
Share on WhatsAppShare on FacebookShare on XTelegram

Investors’ investment on the Nigerian stock market depreciated by N1.124 trillion between July and August 2024.

Advertisement

In the first two months of the third quarter (Q3), the market experienced notable fluctuations, between downtrend and uptrend movement.

The basic indicators of the Nigerian Exchange, All-Share Index lost by 3.48 per cent to close on August 30, 2024 at 96,579.54 basis points, from 100,057.49 points at which it opened trading in July. Similarly, market capitalisation for the period under review shed N1.124 trillion to close at N55.478 trillion as at August 30, 2024 from N56.602 trillion at which it opened trading for July.

The downward trend in the two months under review is coming on the backdrop of a hike in the Monetary Policy Rate, leading investors to divest into lucrative high yield Treasury Bills (T-Bills) as the Central Bank of Nigeria(CBN) sustained its aggressive moves to tackle   rising inflation rate.

Capital market analysts noted investors in the local market continued to take profit-take based on the sentiment, stressing that Nigeria’s capital market is still one of the best performing Exchanges in Africa and World at large.

RELATED

How To Start Accepting Crypto As A Business

How To Start Accepting Crypto As A Business

2 hours ago
Why Credit Cards Excel For Online Casino Payments In Canada

Why Credit Cards Excel For Online Casino Payments In Canada

5 hours ago

However, investors’ returns between January and August 2024 stood at N14.56 trillion, while average returns on investment stood at 29.16 per cent Year-till-Date growth. The stock market had gained N15.68 trillion in the first half of (H1) 2024 as investors continued to invest in blue-chip companies.

Capital market analysts stated that the stock market performance eight months of 2024 is on the backdrop of mixed corporate earnings by listed companies, FG’s reforms in the foreign exchange market, among other factors.

Speaking on market performance in last two months, the vice president, Highcap Securities Limited, Mr. David Adnori stated that, investors are trading based on sentiment.

He stated that the emergence of President Bola Tinubu further energised the stock market since market participants have hope in his ability to rejig the economy and implement economy-friendly policies.

Adnori, however, was optimistic that the stock may maintained its positive momentum in H2 2024, on the backdrop of banking sector recapitalisation and expected H1 2024 corporate earnings by most especially the banks listed on the Exchange.

Amid hike in Monetary Policy Rate to 26.75 per cent, analysts stated that its impact has created sentiment trading among investors who see fixed-income market as alternative investment opportunity to hedge against double-digit inflation.

An Investment Banker & Stockbroker, Mr. Tajudeen Olayinka stated that the N14.56 trillion market capitalisation gain in eight months of 2024 tells us the presence of huge liquid funds in the hands of institutional investors who currently dominate activities in the stock market.

 

“It also holds the fact that the future is brighter for some of the listed companies, hence, investors are positioning their portfolios for that brighter future. This is also the reason the market remains resilient in spite of a high interest rate regime,” he said.

 

The chief operating officer of InvestData Consulting Limited, Mr. Ambrose Omordion said: “August 2024 was a month of mixed outcomes for the Nigerian stock market, influenced by sector-specific performances, macroeconomic trends, and broader market dynamics. While the industrial goods sector and major stocks like Dangote Cement led to a market decline, certain equities showed substantial gains.”

 

He added that, “the macroeconomic indicators, including GDP growth and inflation trends, reflect a complex economic environment. Investors should remain vigilant, considering both market indicators and broader economic conditions when making investment decisions. Sector rotation and a focus on undervalued stocks may offer potential benefits as the market adjusts and evolves.”


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



Tags: stock market
SendShareTweetShare
Previous Post

Intelligence, Investigation Are Pillars Of National Security – Odumosu

Next Post

RMAFC, NASRDA Optimise Areas To Generate $45bn Revenue Annually

Olushola Bello

Olushola Bello

You May Like

How To Start Accepting Crypto As A Business
Business

How To Start Accepting Crypto As A Business

2025/07/18
Why Credit Cards Excel For Online Casino Payments In Canada
Business

Why Credit Cards Excel For Online Casino Payments In Canada

2025/07/18
Expo To Champion Homegrown Tech, Local Manufacturing
Business

Expo To Champion Homegrown Tech, Local Manufacturing

2025/07/18
GTCO’s Squad Partners Omnipay To Simplify FMCG Payments
Business

GTCO’s Dual Listings Drive Share Price Appreciation

2025/07/18
ECA Projects Slow Global GDP Growth
Business

Clean Energy: Economic Commission Pushes For Innovative Financing For Africa’s Industries

2025/07/18
I Will Continue To Support, Collaborate  With Army – Uzodimma
Business

Digital Skill: Imo Partners California Varsity To Train 100,000 Youths

2025/07/18
Leadership Conference advertisement

LATEST

Enugu Police Rescue 6 Stolen Children In Multiple Operations

Hit-and-Run Driver Kills Police Officer In Gombe

Police Arrest Wanted Notorious Bandit, Others In Kaduna

Your Periodic Attempts To Review 1999 Constitution, A Waste Of Resources, Gov Diri Tells Lawmakers

Pension: Labour Rejects Ogun Gov’s Plea, Vows To Continue Indefinite Strike

How To Start Accepting Crypto As A Business

WAFCON 2025: Dominant Super Falcons Thrash Zambia 5-0 To Reach Semifinals

In Kano, Tinubu Hails Late Dantata’s Legacy Of Humility, Generosity

Why Credit Cards Excel For Online Casino Payments In Canada

ICPC To Arraign KANSIEC Chair, Others Over Alleged N1bn Money Laundering

© 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.