The Nigerian Exchange Limited (NGX) experienced remarkable growth in 2024, as a wave of equity listings and capital-raising initiatives propelled market metrics.
The total market capitalization surged by 53.37% year-to-date, climbing from N40.918 trillion to N62.76 trillion, while the All-Share Index (ASI) advanced by 37.65%, closing the year at 102,926.40 basis points.
This significant expansion was underpinned by the listing of 269.942 billion shares, valued at N5.839 trillion, across multiple sectors.
The year’s equity activities reflected a strategic mix of public offerings, rights issues, and private placements as companies raised capital to comply with regulatory mandates, address foreign exchange challenges, and fund strategic growth initiatives.
Quarter-by-Quarter breakdown
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