Tinubu: Nigerian Stock Exchange Records Highest Gain in 15 Years
The Nigerian Stock Trade (NGX) share index kept a 18.9% gain in the half portion of 2023.
The accomplishment finished in an end figure of 60,108.86 index post for the NGX.
According to Gist legit, the achievement was the highest in more than 15 years with an impressive 63,016.6 points.
Financial expert have ascribed the improvement to the implementation of positive policies by President Bola Tinubu‘s organization, among other factors.
The decision to float the naira and the harmonisation of various exchange rates were cited as crucial measures for boosting investor confidence and the stock market.
An All-Share Index of 9.32 % marked the end of a four-year losing streak at the end of June.
Investor confidence has remained steadfast in the face of a number of concerns regarding rising inflation, an increase in interest rates, and the aftermath of the general elections in 2023, fostering an increase in buying activity in the market.