SEE HOW NGX SHARE INDEX FEBRUARY WITH A 4.8% GAIN POST-ELECTION

investors worldwide are keeping a close eye on the performance of stock markets around the world, and many of them have shown how impressed they are with the performance of Nigeria's stock market. The NGX All-share index has ended February with a 4.8% gain, and this is no small feat.

The reason for this impressive performance can be attributed to the recently concluded presidential elections, which saw Bola Ahmed Tinubu emerge as the president-elect of Nigeria. 

Tinubu's victory has brought to calm the pre-election uncertainties in the country, which has increased investor confidence and led to a surge in demand for stocks.

Investors are now more willing to put their money into the Nigerian stock market because they are confident that Tinubu will implement policies that will boost economic growth and create a business-friendly environment. This increased demand for stocks has led to a rise in stock prices, and this is reflected in the performance of the NGX All-share index

Another factor that has contributed to the rise in the NGX All-share index is the positive outlook for Nigeria's economy. The country's economy has been recovering from the impact of the COVID-19 pandemic, and there is an expectation that it will continue to grow in the coming months. 

This expectation has led to increased investor confidence in the Nigerian stock market, which has boosted the performance of the NGX All-share index.

Investors have also noted that the rise in the NGX All-share index is not limited to any specific sector. Rather, it is a broad-based increase that has been seen across different sectors of the Nigerian economy.

The percentage gainers are in the oil and banking sectors respectively and this is a positive sign because it indicates that the growth in the stock market is not driven by any single sector but is rather a reflection of the overall health of the Nigerian economy.

In conclusion, the performance of the NGX All-share index in February is a clear indication that Nigeria's stock market is on the rise, although the beginning of March tells a different story, as at the close of the market on the 1st of March, the NGX All share index recorded a loss as the issue of Naira scarcity continues to hit the economy hard.

The election of Bola Ahmed Tinubu as president-elect has brought stability to the country however, which has increased investor confidence and led to a surge in demand for stocks.

Investors should be on the look out on the Nigerian stock market, as it presents opportunities for growth and profitability. With a positive outlook for the economy and a pro-business leader at the helm, Nigeria's stock market is one to watch in the coming months.