Summary:
- Bearish sentiments prevailed in most commodities based economies including the Nigerian market in 2014; the capitalization of listed equities retreated by 13.15% (24.95% in $-terms) from N13.23 trillion ($82.80 billion) to N11.49 trillion ($61.72 billion).
- The NSE All Share Index (ASI) slid 16.14%, while NSE ASeM Index and NSE Oil/Gas Index grew 26.09% and 11.84% respectively. Average daily turnover for equities was N5.4 billion ($29.00 million), up 29.50% (11.03% in $-terms).
- The Nigerian Stock Exchange (NSE) closed the year with six (6) new equity listings – two (2) on the Main Board, one (1) on ASeM, and three (3) ETFs, while the Bond market recorded twelve(12) new listings with a slight dip in the value of new issues. See pages 3 and 4 for more details.
- The NSE was admitted as a full member of the World Federation of Exchanges (WFE), and Phase 1 of the West African Capital Market Integration (WACMI) program is well underway with the successful launch of direct market access (DMA). The NSE made history by becoming the first African stock exchange to join the Intermarket Surveillance Group (ISG), and welcomed a new president and six (6) Council members to its National Council.
Click here to download NSE's Yearly Review: 2014 Market Recap and 2015 Key Initiatives
- L – R , shows Executive Director, Business Development, The Nigerian Stock Exchange (NSE), Mr. Haruna Jalo- Waziri; Chief Executive Officer, NSE, Mr. Oscar Onyema; Executive Director, Market Operations and Technology, NSE, Mr. Ade Bajomo; Head, Corporate Services Division, NSE, Mr. Bola Adeeko and Deputy General Manager, Central Securities Clearing System (CSCS), Mr. Joe Mekiluwa at the NSE Yearly Review: 2014 Market Recap & 2015 Key Initiatives today Wednesday, January 14, 2015….. in Lagos.
- L – R , shows Head, Legal and Regulation Division, The Nigerian Stock Exchange (NSE), Ms. Tinuade Awe; Executive Director, Business Development, NSE, Mr. Haruna Jalo- Waziri; Chief Executive Officer, NSE, Mr. Oscar Onyema; Executive Director, Market Operations and Technology, NSE, Mr. Ade Bajomo and General Manager/Head, Corporate Services Division, NSE, Mr. Bola Adeeko at the NSE Yearly Review: 2014 Market Recap & 2015 Key Initiatives today Wednesday, January 14, 2015….. in Lagos