• About
  • Advertise
  • Careers
  • Contact Us
Sunday, June 22, 2025
  • Login
No Result
View All Result
NEWSLETTER
Tech | Business | Economy
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
ADVERTISEMENT
Home Economy Finance

Nigerian Equity Market Defies Global Trend, Gains N13tn in 2023 – WTF

Reporter: Tobi Adetunji

by Techeconomy
March 25, 2024
in Finance
0
Nigerian equity market, NGX, Nigerian Stock Exchange
The Nigerian Stock Exchange

The Nigerian Stock Exchange

UBA
Advertisements

The Nigerian equity market defied the global trend as its market capitalisation appreciated by 46.6 percent or N13tn last year, the World Federation of Exchanges has revealed.

This is as the global equity market capitalisation, also increased by 13 percent or over $13tn in 2023.

It indicated that despite the growth of global market capitalisation, trading value, and volumes declined 10.6 percent and 3.4 percent, respectively, in 2023, with all regions recording their lowest annual trading value in the last three years.

According to the WFE report, the average trade size was at its lowest level in the last three years (at $2,776.45/trade).

The report noted,

“The non-IPO listings in the Americas and EMEA region were at their minimum level in the last three years, while the APAC region recorded its maximum. Meanwhile, the capital raised through already listed companies registered its minimum level in each region. The number of IPOs in every region was at its lowest in the last three years, with markets welcoming only 1,217 IPOs in 2023.

“The capital raised through IPOs fell sharply compared to 2022 (-59.3 percent). While the APAC and EMEA regions declined by -43.3 percent and -86.1 percent, respectively, the Americas experienced a significant increase (71.3 percent).

“The average size of an IPO followed the same trend.  However, in the APAC and EMEA regions, it recorded its lowest level in the last three years, amounting to $86.11m/IPO and $88.11m/IPO, respectively, in the Americas it almost doubled, and reaching $126.41m/IPO. Despite this decline, global markets hosted five unicorns in the second half of the year (in addition to the three unicorns listed in the first half of the year).”

However, the number of exchange-traded derivatives contracts, including both options and futures, reached its highest level in the last three years, amounting to 104.06 billion for options and 30.33 billion for futures (134.40 billion derivatives contracts traded), representing a 58.9 percent increase compared to 2022.

Loading

Advertisements
MTN ADS

Author

  • Techeconomy
    Techeconomy

    View all posts
0Shares
Tags: NGXNigerian equity marketNigerian Stock Exchange
Techeconomy

Techeconomy

Next Post
APPLY - Teach For Nigeria (TFN) 2024 Fellowship 

APPLY - Teach For Nigeria (TFN) 2024 Fellowship 

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

Crypto Fest 2024

Crypto Fest 2024 to Highlight Bitcoin, Stablecoin Payment Across Africa

9 months ago

Dangote, GT Bank, Channels TV, DSTV, Coca-Cola Lead the List of Most Admired Brands in Nigeria

3 years ago

Popular News

    Connect with us

    • About
    • Advertise
    • Careers
    • Contact Us

    © 2025 TECHECONOMY.

    No Result
    View All Result
    • News
    • Tech
      • DisruptiveTECH
      • ConsumerTech
      • How To
      • TechTAINMENT
    • Business
      • Telecoms
      • Mobility
      • Environment
      • Travel
      • StartUPs
        • Chidiverse
      • TE Insights
      • Security
    • Partners
    • Economy
      • Finance
      • Fintech
      • Digital Assets
      • Personal Finance
      • Insurance
    • Features
      • IndustryINFLUENCERS
      • Guest Writer
      • EventDIARY
      • Editorial
      • Appointment
    • TECHECONOMY TV
    • Apply
    • TBS
    • BusinesSENSE For SMEs

    © 2025 TECHECONOMY.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Translate »
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.