INSUBCONTINENT EXCLUSIVE:
The Nigerian Exchange Limited (NGX) reports a strong start to 2025, building on its impressive 37% gain in 2024
The All-Share Index rose 1.42% to 103,586.33 points in the first trading week.Market capitalization increased by 2.02% to N63.166 trillion
($38.56 billion), representing a total gain of N1.25 trillion ($762.5 million)
billion shares and value up 34.1% to N69.742 billion ($42.57 million)
The number of deals increased by 43.5% to 47,953.The insurance sector led sectoral performance with a 26.91% gain, followed by consumer
goods (2.16%), banking (0.58%), and industrial goods (0.5%)
Only the oil and gas index declined slightly by 0.45%.Investor optimism, anticipation of earnings growth, and improved macroeconomic
conditions drove market performance
Defying Economic Headwinds
The Central Bank continues its contractionary policy to combat inflation.Analysts project continued growth for the NGX in 2025
Cardinalstone Research forecasts up to 40.4% growth in the ASI, while Afrinvest West Africa projects a 24.3% return in their base case
scenario.Key factors influencing the 2025 outlook include expected foreign exchange market stability, insurance sector recapitalization, and
increased foreign investor participation
