Stock Market Investors Garner N1.3trn Profit In Unbroken 11 Days’ Gain

In 11 unbroken days of unprecedented yuletide rally, a development, never seen in decades of the bourse existence.

Reviewing market performance for the period under review, the All Share Index (ASI) rose by 2,397.52 points, representing an increase of 4.91 per cent to close at 51,451.06 points on December 30, 2022 as against 48,853.54 points on December 13, 2022. While the overall market capitalisation value gained N1.306 trillion  to close at N27.915 trillion on December 30, 2022 from an opening of N26.609 trillion on December 14, 2022.

Speaking on the last trading day of the year, the CEO of Nigerian Exchange (NGX) Limited, Temi Popoola spoke about the Exchange’s impressive year, despite facing global macroeconomic challenges and volatility.