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2013 Market Review
Summary
- End of year 2013 NSE equity market capitalization surpassed the market cap at the peak of the market in 2008 (N13.23 trillion vs. N12.62 trillion).
- The capitalization of listed equities grew by 47.33% (44.03% in $-terms) from N8.98 trillion ($57.49 billion) to N13.23 trillion ($82.80 billion); the NSE All Share Index (ASI) gained 47.19%; and average daily turnover for equities was N4.17 billion ($26.10 million), up 57.36% (53.83% in $-terms).
- The Nigerian Stock Exchange (NSE) closed the year with two (2) new equity listings on the Main Board, while the Bond market recorded 19 new listings with a slight uptick in the value of new issues. See pages 3 and 5 for more details.
- The NSE successfully launched its new trading platform, X-Gen, which supports trading of cash equities, bonds, and ETFs), and the first-ever issuer reporting portal in Nigeria, X-Issuer. The bourse also re-launched its Alternative Securities Market (ASeM) for small and medium companies, and introduced a new market structure for trading equities, along with fixed-income market making.
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