Market | Capital Market

Total Equities Market CAP Declines by 4.62% in 2022

Mar 18, 2023   •   by Proshare Research   •   Source: Proshare   •   eye-icon 313 views

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Sectoral Market Capitalizations/ Performance Review

The utility sector recorded 100% growth in market capitalization in 2022 after being introduced newly on October 5, 2022, to emerge as the sector with the highest growth rate. 


The Oil and Gas sector came second with a +46.77% growth rate recorded in 2022. 


However, the Conglomerates sector recorded the highest drop in market capitalization with -52.87% as ICT and Construction/Real Estate sectors followed closely with -41.98% and -2.69% drop respectively. 


Total Equities Market Capitalization fell by -4.62% in 2022 as it moved from N22.45trn in 2021 to N21.42trn in 2022 (see table 29 below).

Table 29:


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