• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Tuesday, July 8, 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
10 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

Nigeria At 64: ‘Foreign Vessels Coastal Water Domination Collapses Indigenous Shipping’

Freight Rate: Nigeria Loses N7.2trn Annually To Foreign Firms – Report

1 hour ago
CBN Grants RoutePay Licence To Provide Digital Payment Solutions

CBN Imposes $50 Charge On Non-Resident BVN

2 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

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


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

Nigeria At 64: ‘Foreign Vessels Coastal Water Domination Collapses Indigenous Shipping’
Business

Freight Rate: Nigeria Loses N7.2trn Annually To Foreign Firms – Report

2025/07/08
CBN Grants RoutePay Licence To Provide Digital Payment Solutions
Business

CBN Imposes $50 Charge On Non-Resident BVN

2025/07/08
Why We Are Investing In Critical Infrastructure – Mbah
Business

Enugu Air Will Be For Traders, Enugu People – Mbah

2025/07/08
Large-cap Stock Drives Local Bourse To N180bn Gains
Business

Equities Market Opens Trading Week With N193bn Gain

2025/07/08
Restore Public Confidence In Judiciary, Panelists Tell Next CJN, Kekere-Ekun
Business

Shettima, CJN, Others Task Judges On Swift, Credible Judgements To Strengthen Capital Market

2025/07/08
NIMR Faces Power Outage Over ₦38m Debt
Business

TCN Adds 250MW To National Grid With New Bauchi Substation

2025/07/08
Leadership Conference advertisement

LATEST

Transfer: Lionel Messi Set For Stunning Move To Saudi Arabia’s Al-Ahli

NNL Super 8: Desperate Coaches Blame Referees For Team Defeats

NTF Announces National Tennis Open Championships 2025

Ohanaeze Inaugurates Constitution Review Committee

Group, Firm Laud Gov Eno Over Approval Of WASH Policy

We’re Ready For Anambra Elections – Police, INEC

Why Nigeria Must Invest Heavily In Health, Education – Peter Obi

Ajumbe Wants Okigwe Zone To Produce Uzodinma’s Successor

35 Abducted Women, Children Rescued In Niger After 1 Year

Cleric Urges Kwara Govt To Tackle Insecurity In Edu, Patigi

© 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.