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The Nigerian Capital Market Report 2020: Leveraging a Crisis

Jan 25, 2021   •   by Proshare Research   •   Source: Proshare   •   eye-icon 108 views

This report starts with a general overview of global equities market in 2020 and dovetails into a review of the status of African markets before narrowing down to the primary events that shaped activities on the floor of the Nigerian Stock Exchange and the NASD OTC market. The Nigerian Stock Exchange's All Shares Index (ASI) grew by +50.3% by year end which made the exchange the highest yielding on the African continent in 2020 despite a recession that led to production shutdowns and job losses. Most of the market gains took place in Q3 and Q4 of the year.  The market's highest loss was in the thick of the COVID-19 pandemic in March 2020 when it tumbled by -18.75%. By July 2020, the journey along a bullish reversal was set with the market rising by over +14% in both November and December 2020.

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