Newly listed equities have contributed N179 billion to NGX’s market cap in 2023

The three newly listed equities in the NGX have contributed about N179 billion to the exchange’s market cap in 2023.  

The equities listed on the NGX in 2023 are Chapel Hill Denham’s Nigerian Infrastructure Debt Fund, Mecure Industries Plc, and VFD Group Plc.  

Year-to-date, NGX has achieved returns of about 41%, the exchange’s best performance since 2020. With an all-share index above the 72,000 mark and a market cap above N39 trillion, the NGX has hit new highs in 2023.