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Nigerian Equities Market H1-2022 Review & Outlook

Aug 05, 2022   •   by United Capital Research   •   Source: United Capital   •   eye-icon 54 views

In H1-2022, we have witnessed major global stock markets plummet on the back of crystallisation of policy normaliation risks as global monetary policy authorities scramble to stem surging inflationary pressures. For example, in H1-2022, the MSCI World Index lost 21.2%. However, the Nigerian equities market has taken a divergent stance from the global market as the NGX-All Share Index (NGX-ASI) kicked off 2022 with strong bullish momentum. In H1-2022, the NGX-ASI gained 21.6%, soaring past 50,000 points for the first time in 14 years, printing at 51,962.9 points at the end of the period. 

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