Nigerian equities closed with net capital gain of N1.13 trillion in January 2021, continuing the world-leading rally that saw Nigerian stocks with a full-year return of N6.48 trillion in 2020.
Benchmark indices at the stock market indicated an average return of 5.32 per cent in January 2021, equivalent to net capital gains of N1.13 trillion.
The performance of the stocks ranked seventh in the world, according to Bloomberg World Equities Index.
Aggregate market value of quoted equities at the Nigerian Stock Exchange (NSE) rose from 2021’s opening value of N21.057 trillion to close weekend at N22.187 trillion.
The All Share Index (ASI)- the value-based common index that tracks all share prices at the NSE – also rose simultaneously from its year’s opening index of 40,270.72 points to close weekend at 42,412.66 points.