Sun. Nov 24th, 2024
Stock Market Watch

By Dipo Olowookere

On Thursday, February 3, 2022, investors, issuers and other stakeholders in the Nigerian capital market, especially those trading equities, will hope to hear from experts in the field to give their outlook for the year.

The day has been fixed by the Nigerian Exchange (NGX) Limited for its yearly review of the previous year activities and what to expect in the current year.

A statement from the exchange disclosed that the 2021 Market Recap and 2022 Outlook is in collaboration with Renaissance Capital (RenCap).

It would be recalled that last year, the NGX All Share Index (ASI) closed in the green, settling at 42,716.44 points with a year-to-date gain of 6.07 per cent.

Being a multi-asset platform, the NGX also recorded gains in other asset classes, with the total market capitalisation closing at N42.05 trillion. It will, therefore, be exciting to see what other achievements were made in 2021 and what potential NGX seeks to unlock in 2022.

To discuss this and others are the Chief Executive Officer of NGX, Mr Temi Popoola; and Global Chief Economist and Head of Macro-strategy of RenCap, Mr Charles Robertson.

There will also be a fireside chat with the Director-General of the Budget Office of the Federation, Mr Ben Akabueze, on the Growth Drivers for 2022 – A Finance and Budgetary Perspective.

Business Post gathered that the virtual event will facilitate conversations around the bourse, the larger Nigerian capital market and the economy as a whole.

Members of the stockbroking community, investors, analysts, media, and other stakeholders in the capital market who wish to attend the event can register https://ngxgroup.com/ngx-2022-outlook/ and in line with previous years, the event will provide an opportunity for participants to interact with speakers and the management of the exchange to gain more information on what stakeholders can look forward to.

By Dipo Olowookere

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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