Nigerian Equities Surpass South Korea To Become Top-Performing Market - Investment

Nigerian Equities Surpass South Korea To Become Top-Performing Market - Investment - Nairaland

Nairaland Forum › Nairaland General › Investment › Nigerian Equities Surpass South Korea To Become Top-Performing Market (4070 Views)

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Nigerian Equities Surpass South Korea To Become Top-Performing Market by Slytiger(op): 7:52am On Jul 10

Nigerian equities have emerged as the best-performing stock market globally in dollar terms this year, overtaking South Korea.

The development was driven by weakened investor sentiment towards artificial intelligence-linked stocks and drags the Asian market into bear territory.

According to data compiled by Bloomberg across 92 global stock exchanges, Nigeria’s benchmark stock index has returned 67% in dollar terms year-to-date, edging past South Korea’s Kospi index, which has gained 66%.

What the report is saying
South Korea’s equity market has come under pressure in recent weeks, with the Kospi index entering a technical bear market after falling 22% from its June 19 peak.

The decline reflects growing investor concerns over the sustainability of demand for AI-related stocks, which had previously fueled one of the strongest rallies in global markets.
The weakness has also been compounded by currency pressures, with the South Korean won losing 5% of its value against the U.S. dollar since the start of the year, making it the fourth-worst-performing currency in Asia.

In contrast, Nigeria’s stock market has rallied strongly on the back of improving macroeconomic conditions, ongoing economic reforms, firmer oil prices, and improved foreign exchange liquidity.

The naira has appreciated by approximately 4% against the dollar since January, further boosting returns for foreign investors.

More insights
Financial services stocks have been among the strongest performers on the Nigerian Exchange (NGX), driving gains in the benchmark index.

Among the standout performers is Fortis Global Insurance Plc, which has generated returns of about 1,400% in dollar terms this year.
Unlike South Korea’s market, where technology and AI-linked stocks play a dominant role, Nigerian-listed companies have limited direct exposure to the AI sector, shielding the market from the recent global technology selloff.
Frontier market upgrade could attract more investors.

Investor optimism has also been supported by recent developments involving S&P Dow Jones Indices (S&P DJI), which placed Nigeria on its 2027 watchlist for a possible reclassification from a “Standalone” market to a “Frontier” market.

The index provider said the decision reflects significant regulatory reforms aimed at improving market transparency, accessibility, enforcement, and overall market integrity.
S&P DJI noted that Nigeria’s market reforms have strengthened investor confidence, although consistent policy implementation and improved operational resilience will remain key factors in determining whether the upgrade is approved.

A return to Frontier Market status would increase Nigeria’s visibility among international institutional investors and potentially attract fresh capital inflows from funds tracking frontier-market benchmarks.

What you should know
The strong performance comes as the Nigerian stock market recorded one of its biggest single-day gains in recent weeks.

On July 8, 2026, the NGX All-Share Index advanced 2.27% to 242,459.98 points from 237,083.28 points, while total market capitalization increased by N3.45 trillion to N155.59 trillion.

The rally was largely driven by Airtel Africa, whose shares rose by the maximum daily limit of 10% to N5,801.40.

As a result, the market’s year-to-date return climbed to 55.81%, recovering sharply from the 46.78% low recorded on July 7 and returning to levels last seen before the June market correction intensified.

https://nairametrics.com/2026/07/09/nigerian-equities-surpass-south-korea-to-become-top-performing-market-in-dollar-terms/

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Re: Nigerian Equities Surpass South Korea To Become Top-Performing Market by Makamatic: 8:20am On Jul 10

If I say prop , you say agenda .

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Re: Nigerian Equities Surpass South Korea To Become Top-Performing Market by Sheuns(m): 8:51am On Jul 10

Why not mention the market cap for both companies in USD?

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Re: Nigerian Equities Surpass South Korea To Become Top-Performing Market by Vifx: 8:52am On Jul 10

Nice one keep it up oooooo

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Re: Nigerian Equities Surpass South Korea To Become Top-Performing Market by Cajal(m): 8:52am On Jul 10

Nigeria is not doing badly
The supporters of agulu fraud will disagree

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Re: Nigerian Equities Surpass South Korea To Become Top-Performing Market by Parachoko: 8:54am On Jul 10

Obidients go still Wail

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Re: Nigerian Equities Surpass South Korea To Become Top-Performing Market by Gotocourt: 8:55am On Jul 10*

That's right, I tested with 5K which is now 7K in November 2025.
Imagine investing 500k,5M,50M,500M,5B

Now You know why Otedola and Elumelu dey chop on a steady

Caveat, it's very risky ooooo angry

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Re: Nigerian Equities Surpass South Korea To Become Top-Performing Market by NaijaNaWaa: 8:55am On Jul 10*

Because it's largely a speculative matket not necessarily based on strong institutional foundations nor sound economic fundamentals.

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Re: Nigerian Equities Surpass South Korea To Become Top-Performing Market by tnerro1(m): 8:57am On Jul 10

Na stactics we go chop…. A wise man

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Re: Nigerian Equities Surpass South Korea To Become Top-Performing Market by nwirinedu(m): 8:58am On Jul 10

This is a bubble, the value is being extracted it does not stay in the country. If you go to the streets you won't see the evidence, look at our roads, infrastructure, insecurity and flooding everywhere.

Don't let any fraudulent economist tell you Nigeria is better that South Korea.

8 Likes 2 Shares

Re: Nigerian Equities Surpass South Korea To Become Top-Performing Market by DeltaBachelor(m): 8:59am On Jul 10

Chai. Make I never talk wetin dey my mind

Re: Nigerian Equities Surpass South Korea To Become Top-Performing Market by Image123(m): 9:00am On Jul 10*

Them go think say na AI, shame go catch haters of Nigeria. They'll manufacture all kinds of excuses and metrics. They won't do same if the news was negative.
If you notice how Obi was laughing hysterically at people whose business has collapsed in Nigeria in the last interview with Chude, you'd know all those things na gimmick.
Make i see if i fit find one video

This part of Peter OBI’s interview with Chude is living rent free in my head.
I’ve laughed so hard this morning 🤣🤣🤣🤣🤣🤣🤣

I didn’t realize that my Presidooo could laugh this hard!! 😂😂😂

Tinubu & his APC urchins must check their Blood Pressure after watching this… pic.twitter.com/tjoHcFKKbJ
— mimmie_marie 💕💕 (@mimmie_marie2) July 9, 2026

Sheuns:
Why not mention the market cap for both companies in USD?

Bloomberg had your type in mind. Isn't God wonderful?

9 Likes

Re: Nigerian Equities Surpass South Korea To Become Top-Performing Market by Duplex90: 9:02am On Jul 10

All this media manipulations is becoming childish. This is 2026 no one falls for these fake gimiks writing in cleverly made sentence. Today it's IMF tomorrow it's this who do you think you are fooling ?

Seun stop allowing yourself to be used for these agendas

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Re: Nigerian Equities Surpass South Korea To Become Top-Performing Market by iwaeda: 9:06am On Jul 10

Are we still eating data? Hope our economy is as good as South Korea. grin

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Re: Nigerian Equities Surpass South Korea To Become Top-Performing Market by Skyfornia(m): 9:06am On Jul 10

Una no dey tire..?? All these inflated stories will make sense once the citizens begin to enjoy the dividends. The masses can't be suffering everyday with increased rent, increased commodities, increased petroleum products, increased foods, low health care, increased security failure etc yet we are hearing about government efforts only on papers...

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Re: Nigerian Equities Surpass South Korea To Become Top-Performing Market by zoedew: 9:07am On Jul 10

Fine but we want to see a positive micro economic impact.

Re: Nigerian Equities Surpass South Korea To Become Top-Performing Market by Godfullsam(m): 9:09am On Jul 10

Bad news to some set of people.

But wait o, what is the purpose of all these when an ordinary man on the street is unemployed and unsafe?

Balablu and his goons should prioritise the basics; security of lives, properties, infrastructural development and enabling environment for business growth.

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Re: Nigerian Equities Surpass South Korea To Become Top-Performing Market by sharone21(f): 9:10am On Jul 10

More awareness of the market system and robust financial system we have( at least compared to many other African countries).

Also, when the jobs aren't really there and underemployment, people who already saved or hit some money, retired or get severance packages (after a company relieved them of their jobs )put it into our financial markets.

Re: Nigerian Equities Surpass South Korea To Become Top-Performing Market by Toscarel: 9:11am On Jul 10

PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

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Re: Nigerian Equities Surpass South Korea To Become Top-Performing Market by Lanretoye(m): 9:12am On Jul 10

You won’t see the enemies within here,but if na flood and killings and kidnappings their muscles will flex

Toscarel:
PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA PROPAGANDA !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

you see them,so rubbish people…na only bad news they wan Dey hear for their life

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Re: Nigerian Equities Surpass South Korea To Become Top-Performing Market by laivwire(m): 9:14am On Jul 10

Election propaganda and shenanigans

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Re: Nigerian Equities Surpass South Korea To Become Top-Performing Market by AngelicBeing: 9:14am On Jul 10

cc: Richtaiwo vs Obidients vs Kwankwasiyya vs NDC vs Apc vs Pdp

Let me see what Richtaiwo will post, because he is currently on our 2026/2027 watchlist radar , especially as regards to 2027 election ooooooooo mucheche 😂

cc: Ribadu and Chief of Defence Staff haha 😆😂

Re: Nigerian Equities Surpass South Korea To Become Top-Performing Market by spiSeyi: 9:19am On Jul 10

In T!nubu's voice Shey nah statistics we go chop undecided

all this are 🗑️ if the daily living conditions/ quality of Nigerians life is not even at per with the villagers in South Korea.

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Re: Nigerian Equities Surpass South Korea To Become Top-Performing Market by Putinofrussia: 9:20am On Jul 10

Cajal:
Nigeria is not doing badly
The supporters of agulu fraud will disagree

When IMF said that Nigeria's GDP has risen to $377.7 billion from $187 billion,$252 billion,I know that President Tinubu is right by saying that he wants to grow the Economy to $1 trillion by 2030.
By Q3 2027,Nigeria will be back as the first and best Economy in Africa.
May God bless Nigerians

4 Likes

Re: Nigerian Equities Surpass South Korea To Become Top-Performing Market by WhizdomXX(m): 9:23am On Jul 10

Hope we can maintain the bull run

Re: Nigerian Equities Surpass South Korea To Become Top-Performing Market by Beautifulday: 9:24am On Jul 10

We are now comparing ourself with every country to feel secure. This is the height of self insecurity.

Nigeria is finished

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Re: Nigerian Equities Surpass South Korea To Become Top-Performing Market by LordLicifer(m): 9:24am On Jul 10

South Korea? grin

Naigeeria has always done better than South Korea, South Korea is poorer than nigeria... grin

How about Ghana or even South africa here? Compare with these 2 african countries. They had to go all the way to South Korea to pull out a propaganda stunt

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Re: Nigerian Equities Surpass South Korea To Become Top-Performing Market by Nackzy: 9:26am On Jul 10

APC supporters over to you guys

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Re: Nigerian Equities Surpass South Korea To Become Top-Performing Market by Mubiola360: 9:28am On Jul 10

Slytiger:
https://nairametrics.com/2026/07/09/nigerian-equities-surpass-south-korea-to-become-top-performing-market-in-dollar-terms/

I withdrew some funds and left/forgot 5k in my bamboo ,first bank shares around september 2025 ,only to check by March 2026, i found 13,500. I wish i had left my funds in there.

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Re: Nigerian Equities Surpass South Korea To Become Top-Performing Market by abdulskulboy(m): 9:37am On Jul 10

And someone will tell us to vote out this government... Too many incompetent illiterates in this country... They know nothing about governance and economy

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