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Nigeria’s stock market surpasses Argentina’s to become the best in the world.

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Nigeria’s stock market toppled Argentina’s stock to emerge as the world’s best market on Wednesday.
The development comes as the Nigerian Exchange Limited continues its bullish run on Wednesday as the All-Share Index appreciated by 2.38 per cent to close to reaching a historic 90,063.25 points from Tuesday’s 87,970.37 points.
From January 15 and 17 2024, the NGX gained a whopping 8.45 percent. Year-to-date, the market has appreciated by 20.45 per cent, making it the fastest-growing equities market in the world, ahead of the Argentine Stock Market.
However, in the ASI, there was no overall change in the equities market cap, as it stayed at N48.139 trillion, the same as the figure quoted on Tuesday.
Meanwhile, there was a 21.65 per cent increase in trading volume to 1.298 billion units from yesterday’s 1.067 billion units.
There was a slight 3.9% increase in trading value to N16.38 billion from Tuesday’s N15.77 billion.

Written by: bossgmsi

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