examines the performance of the stock market in 2022 and stakeholders’ expectations for this year
Amid imported inflation which raised the cost of living, Nigerians increased their stock portfolio investment, which contributed to the positive performance of the local equity market. Market observers and operators had presumed the tight policy approach of the apex bank would drive investors from the equity market to the debt market. However, the performance of the market in 2022 proved otherwise.The PUNCH had reported that investors in the Nigerian Exchange gained N5.618tn between January 4, 2022, when the market opened and the close of business on December 30, 2022.
A research analyst at Atlas Portfolio, Olaide Baanu, said, “Nigerian stock market has been one of the most resilient markets despite all the economic turbulence we had in 2022, coming from the external economic factors coupled with the internal ones.” BUA Foods Plc was listed on the Nigerian Exchange on January 5, 2022, boosting the market capitalisation of the NGX by over N1.17tn.