Global Stock market grows by $13tn –WFE

The report, the 2023 Market Highlights, was not too long ago launched by the worldwide change physique.

It indicated that regardless of the expansion of worldwide market capitalisation, buying and selling worth and volumes declined 10.6 per cent and 3.4 per cent, respectively, in 2023, with all areas recording their lowest annual buying and selling worth within the final three years.

The Nigerian fairness market defied the worldwide development as its market capitalisation appreciated by 46.6 per cent or N13tn final 12 months.

In keeping with the WFE, the common commerce measurement was at its lowest stage within the final three years (at $2,776.45/commerce).

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“The capital raised via IPOs fell sharply in comparison with 2022 (-59.3 per cent). Whereas the APAC and EMEA areas declined by -43.3 per cent and -86.1 per cent, respectively, the Americas significantly improved (71.3 per cent).

“The typical measurement of an IPO adopted the identical development. Whereas within the APAC and EMEA areas, it recorded its lowest stage within the final three years, amounting to $86.11m/IPO and $88.11m/IPO, respectively, within the Americas it virtually doubled, reaching $126.41m/IPO. Despite this decline, international markets hosted five unicorns within the second half of the 12 months (along with the three unicorns listed within the first half of the 12 months).”

In the meantime, the variety of exchange-traded derivatives contracts, together with each choice and futures, reached its highest stage within the final three years, amounting to 104.06 billion for choices and 30.33 billion for futures (134.40 billion derivatives contracts traded), representing a 58.9 per cent improve in comparison with 2022.

The report said that the rise was mainly pushed by choices, which rose 89.4 per cent (and account for 77 per cent of all derivatives contracts traded), whereas futures elevated 2.4 per cent.