BREAKING NEWS: Equities Market Gains N1.23trn in 2021

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    L – R: Honourable Minister of State for Environment, Chief Sharon O. Ikeazor; Chief Executive Officer, Nigerian Exchange Limited (NGX), Mr. Temi Popoola, CFA; Ag Head Business Support Services Division\General Counsel| Head Legal Services (NGX), Mrs. Irene Robinson-Ayanwale and Divisional Head, Trading Business, NGX, Mr. Jude Chiemeka during the Digital Closing Gong held in honour of the Minister as she brings 2021 trading activities to a close on Friday.

    Despite witnessing volatility in December, the equities market of the Nigerian Exchange Limited (NGX) maintained its positive sentiment, closing 2021 with gain of N1.23trillion.

    The overall market capitalisation opened 2021 at N21.063trillion to close December 31, 2021 at N22.297trillion.

    Consequently, the NGX All-Share Index gained 6.07 per cent to 42,716.44 basis points from 40,270.72 basis points the equities market opened in the year under review.

    The gain in 2021 means investors’ investment on the equities market of the NGX for the second consecutive year appreciated despite foreign investors’ exit due to scarcity of foreign exchange and security challenges in the country.

    The NGX All-Share Index in 2020 gained 50.03 per cent to 40,270.72 basis points from 26,842.07 basis points it closed in 2019.

    Capital market analysts noted that the stability in global economy and consolidated growth in second half of 2021, albeit covid-19 vaccines boost investors confidence in equities market.

    Key sectors that drive the equities market performance in 2021 was banking, Oil & gas, consumer and industry indices.

    WESTERN POST gathered that a  total of seven companies delisted and three listed on the NGX in 2021 amid expectation that the stock market might close the year positive.

    However, out of the seven delisted companies, the management of the Exchange forcefully delisted four, while three voluntary delisted

    The likes of Evans Medical Plc, Nigeria-German Chemicals Plc, Roads Nigeria Plc, and Unic Diversified Holdings Plc were forcefully delisted from the market for not complying with post-listing requirement of promptly filing of results.

    Studio Press Nigeria Plc, Union Diagnostic and Clinical Services Plc, and 11 Plc voluntary delisted from the Exchange in 2021.

    In the year under, Ronchess Global Resources Plc, Briclinks Africa plc, and Nigerian Exchange Group Plc were all listed by introduction,

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