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1. Nigerian Capital Market at Crossroads; Working Towards a New Normal

The Nigerian Stock Market continued its bullish run witnessed in 2021 at a faster pace at the close of trading in 2022. The NGXASI closed the Year 2022 with a +19.98% gain as against +6.07% gain in 2021 and +50.03% in 2020, respectively. The NGX Oil and Gas Index recorded the highest gain as it increased by +34.05%, while the NGX Insurance Index recorded the highest drop with a -11.99% loss (see table 11 below).

Table 11:

NGX Premium Board 

NGX Premium Board Index recorded four (4) gainers to four (4) losers. SEPLAT recorded +69.23% to top the gainers while ACCESSCORP recorded -8.60% loss to top the list of losers (see table 12 below).

Table 12:

NGX Banking Index 

NGX Banking Index recorded six (6) gainers to four (4) losers. WEMABANK recorded a +441.67% gain to top the list of five gainers while ACCESSCORP recorded a -8.60% loss to top the list of four losers (see table 13 below).

Table 13:

NGX Insurance Index 

NGX Insurance Index recorded one (1) gainer to twelve (12) losers while two (2) stocks recorded no price movement. COENERST recorded a +30.43% gain to top the list of gainers while REGALINS recorded -50.98% to top the list of losers (see table 14 below).

Table 14:

NGX 30 Index 

NGX 30 Index recorded seventeen (17) gainers as against thirteen (13) losers. WEMABANK recorded a +441.67% gain to top the list of gainers while NESTLE recorded a -29.78% loss to top the list of losers (see table 15 below).

Table 15:

NGX Consumer Goods Index 

NGX Consumer Goods Index recorded six (6) gainers to nine (9) losers. CHAMPION recorded a +134.04% gain to top the list of gainers while HONYFLOUR recorded a -31.18% loss to top the list of losers (see table 16 below).

Table 16:

NGX Oil and Gas Index 

NGX Oil and Gas Index recorded five (5) gainers to one (1) loser. SEPLAT recorded +69.23% to top the list of gainers while TOTAL recorded -13.02% loss to top the list of losers (see table 17 below).

Table 17:

NGX Lotus Islamic Index 

NGX Lotus Islamic Index recorded eight (8) gainers to two (2) losers. AIRTELAFRI recorded a +71.20% gain to top the list of gainers while NESTLE recorded a -29.33% loss to top the list of losers (see table 18 below).

Table 18:

NGX Industrial Index 

NGX Industrial Index recorded four (4) gainers to five (2) losers while one (1) stock recorded no price movement. MEYER recorded a +393.48% gain while BERGER recorded a -29.82% loss to top the list of losers (see table 19 below).

Table 19:

NGX ASeM Index 

NGX ASeM Index recorded one (1) gainer to one (1) loser and two (2) unchanged as SMURFIT recorded a +45.00% gain to emerge as the only gainer while JULI recorded a -13.19% loss to emerge as the only loser (see table 20 below).

Table 20: 

NGX Pension Index 

NGX Pension Index recorded twenty (20) gainers to twenty (20) losers. PZ recorded a +86.07% gain to top the list of gainers while NESTLE recorded a -29.33% loss to top the list of losers (see table 21 below).

Table 21:

NGX Corporate Governance Index 

NGX Corporate Governance Index recorded eighteen (18) gainers to twenty (20) losers. WEMABANK recorded a +441.67% gain to top the list of gainers while SUNUASSUR recorded a -35.56% loss to top the list of losers (see table 22 below).

Table 22: