Nigerian Capital Market Raises N2 Trillion in 2024: ASHON Praises Growth and Resilience
The Association of Securities Dealing Houses of Nigeria (ASHON) has applauded the Nigerian capital market for raising an impressive ₦2 trillion in the primary market in 2024.
Highlights from the Announcement :
Resilient Market Growth
• ASHON’s Second Vice Chairman, Ify Ifejezie, commended the market’s strength despite economic challenges.
• She emphasized that this achievement reflects investor confidence and underscores the market’s robustness.
Performance Indicators
• The All-Share Index and market capitalization saw significant growth, attracting both local and international investors.
• Year-to-date returns surpassed 36%, outpacing inflation, according to Oluropo Dada, President of the Chartered Institute of Stockbrokers.
Market Outlook for 2025
• A bullish market is anticipated, supported by strong local investor participation and a stable economy.
• ASHON called for regulatory adjustments, including a review of static stockbroking fees and the lifting of the margin trading suspension, to enhance liquidity further.
ASHON’s Role
• The association played a pivotal part by liaising with regulators and the government to ensure the market’s smooth operation.
This milestone sets a promising tone for 2025, reinforcing Nigeria’s position as a leading investment destination.
The Association of Securities Dealing Houses of Nigeria (ASHON) has applauded the Nigerian capital market for raising an impressive ₦2 trillion in the primary market in 2024.
Highlights from the Announcement :
Resilient Market Growth
• ASHON’s Second Vice Chairman, Ify Ifejezie, commended the market’s strength despite economic challenges.
• She emphasized that this achievement reflects investor confidence and underscores the market’s robustness.
Performance Indicators
• The All-Share Index and market capitalization saw significant growth, attracting both local and international investors.
• Year-to-date returns surpassed 36%, outpacing inflation, according to Oluropo Dada, President of the Chartered Institute of Stockbrokers.
Market Outlook for 2025
• A bullish market is anticipated, supported by strong local investor participation and a stable economy.
• ASHON called for regulatory adjustments, including a review of static stockbroking fees and the lifting of the margin trading suspension, to enhance liquidity further.
ASHON’s Role
• The association played a pivotal part by liaising with regulators and the government to ensure the market’s smooth operation.
This milestone sets a promising tone for 2025, reinforcing Nigeria’s position as a leading investment destination.