n the first half of the year, H1’24, a situation attributed to the forex market reforms introduced by the Central Bank of Nigeria, CBN.
The Year-to-Date, YtD return of the ASI stands at an impressive 33.81% despite recent bearish trends seen in Q2 of the year.Meanwhile, the equities market recorded mixed performances in the first two quarters of 2024. The market positive sentiment among investors during the quarter was also attributed to several factors, including favourable policies introduced by President Bola Tinubu’s administration such as the removal of fuel subsidies, streamlining of exchange rates and the floating of the naira.
Source: Financial Digest (financialdigest.net)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market investors gain N15.6 trillion in six monthsDespite low foreign participation in the Nigerian stock market due to uncertainty, foreign exchange crisis, rising inflation rate
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Stock investors gain N619bn in May despite rates hikeThe equities market defied the persistent hike in interest rate by the Central Bank of Nigeria, CBN, at the end of trading in May with investors recording a marginal gain of N619 billion.
Source: vanguardngrnews - 🏆 5. / 75 Read more »
Why I reduced Ondo civil servants’ wage award to N15,000, by AiyedatiwaThe Nation Newspaper Why I reduced Ondo civil servants' wage award to N15,000, by Aiyedatiwa
Source: TheNationNews - 🏆 6. / 69 Read more »
Trading continues on NGX amid strike, investors lose N103bnOpening the week, the equity market halted last session’s winning streak as investors lost N103 billion, following sell-offs in Tier-one banking stocks and cautious trading.
Source: vanguardngrnews - 🏆 5. / 75 Read more »
Oando’s N104.1b profit rallies investorsThe Nation Newspaper Oando’s N104.1b profit rallies investors
Source: TheNationNews - 🏆 6. / 69 Read more »
Peller hosts Turkish investors, deepens Turkiye-Nigeria bilateral tradeThe Nation Newspaper Peller hosts Turkish investors, deepens Turkiye-Nigeria bilateral trade
Source: TheNationNews - 🏆 6. / 69 Read more »