Laughter Characterize NSE Closure…as market rises 35%

Laughter was chosen to symbolize the mood of the market for year- end December 31, 2012. In a practical demonstration of the recovery of the Nigerian market in 2012, comedians were invited to lead the closing ceremony of activities on the Nigerian bourse with the ringing the closing bell. Market recorded a significant increase during the year as indicated by performance indices.
The All Share Index gained a total of 35.45 per cent at year end from an opening figure of 20,730.63 points to close at 28,866.51 points even as market capitalization closed at N8.9 trillion, recording the same margin of increase. The gains were largely contributed by the Consumer Goods sector and Banking subsector under the Financial Services Sector of the market with 43 percent and 21 percent increases respectively. These two sectors account for over 40 percent of the total market capitalization.

(  L – R (DSC_03347) the picture shows Chief Executive Officer, The Nigerian Stock Exchange, Mr. Oscar Onyema; Ace Laughter Merchant, Atuyota Akporobomeriere a.k.a. Ali Baba; Tunde Adewale, a.k.a. Tee A and Mandy Uzonitsha,  pioneer female stand-up comedian at the Year End Trade Closing Ceremony of The Exchange in Lagos.)