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NSE Records N11trillion Stock Market Investments in 10 Years

 

Data obtained from the Nigerian Stock Exchange, NSE, has shown that the bourse facilitated the investment of N11.094 trillion in the last 10 years.

The data showed that the investments were made in equities and bonds.It was also revealed that 2007, 2008, 2013 and 2014 accounted for the highest investments.

The years 2007 and 2008 were boom years for the Nigerian stock market before the bubble burst in 2009. Investors traded securities worth N2.379 trillion in 2007 and N2.086 trillion in 2008.

Following the global financial meltdown, which also impacted the Nigerian market, the value of trading fell to N686 billion in 2009. It improved to N797 billion in 2010 before declining to N634 billion in 2011.

The value of trading rose to N658 billion in 2012, while it jumped to N1.044 trillion in 2013 and N1.388 trillion in 2014.

However, it dropped to N953 billion last year. Explaining the poor performance of the market in 2015, the Chief Executive Officer of the NSE, Mr. Oscar Onyema, said it was affected by factors such as political risk, currency volatility and uncertainty in global crude oil prices.

Onyema said 2015 began with the continued depreciation of the naira against the dollar and uncertainty around the direction of economic policies, which fueled an already prevalent bearish sentiment in the Nigerian capital market.

 

The Stock Market boss stressed that going forward, the goal is to reinforce the exchange’s business to take advantage of fluctuations in the market cycles.

 

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  1. NSE Records N11trillion Stock Market Investments in 10 Years https://t.co/RVuYrHyKW5 https://t.co/cJuAtFIHXy

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