Investors in the Nigerian stock market gained N1.24bn in 2021 as the market capitalisation of equities rose by 5.89 per cent.
The All-Share Index of the Nigerian Exchange Limited closed the year at 42,716.44 basis points, up from 40,270.72bps at the end of 2020.
The total market value of equities rose to N22.30tn on Friday from N21.06tn at the end of 2020.
The Vice-President, Prof. Yemi Osinbajo, said recently that the profit-taking activities of foreign and domestic institutional investors in the Nigerian stock market had created an excessive risk premium.
He said to usher in the return of foreign and domestic institutional participation, all government agencies and regulators in the financial system, among other key stakeholders, must work with the NGX to tackle the excessive risk premium within the market.
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