Equities Market Appreciates By ₦305 Bn After FTSE Russell’s Reclassification - Investment

Equities Market Appreciates By ₦305 Bn After FTSE Russell’s Reclassification - Investment - Nairaland

Nairaland Forum › Nairaland General › Investment › Equities Market Appreciates By ₦305 Bn After FTSE Russell’s Reclassification (2411 Views)

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Equities Market Appreciates By ₦305 Bn After FTSE Russell’s Reclassification by AnonPoet(op): 6:43am On Aug 28

The Nigerian equities market rebounded, ending an 11-day consecutive losing streak with a gain of N305 billion, following FTSE Russell’s confirmation of Nigeria’s reclassification from ‘Unclassified’ to Frontier Market status.

The NGX All-Share Index advanced 0.20 per cent to close at 239,156.09 points, pushing the year-to-date return to 53.69 per cent. Similarly, market capitalization rose by N305 billion to close at N154.442 trillion.

The upturn was impacted by gains recorded in medium and large capitalised stocks, amongst which are; First Holdco, United Bank for Africa (UBA), Access Holdings, AXA Mansard Insurance and Abbey Bank.

Looking ahead, Cowry Assets Management Limited said the market is expected to sustain its positive momentum as investor sentiment is set to improve further on the back of the FTSE Russell reclassification confirmation.

However, investor sentiment was negative as 39 decliners outpaced 19 advancers. Omatek Venture recorded the highest price gain of 9.60 per cent to close at N1.37, per share. Cornerstone Insurance followed with a gain of 9.18 per cent to close at N5.35, while AXA Mansard Insurance rose by 9.09 per cent to close at N12.00, per share.

Abbey Bank went up by 6.25 per cent to close at N8.50, while First Holdco appreciated by 4.65 per cent to close at N135.00, per share.

On the other hand, Fidson Healthcare led the losers’ chart by 9.98 per cent to close at N75.80, while International Energy Insurance and Learn Africa followed with a decline of 9.84 per cent each to close at N2.84 and N8.70 respectively, per share.

Dara Communication depreciated by 8.61 per cent to close at N1.38 and Legend Internet declined by 8.43 per cent to close at N3.80, per share.

The total volume traded declined by 31.8 per cent to 499.96 million units, valued at N35.15 billion, and exchanged in 40,323 deals. Transactions in the shares of Zenith Bank topped the activity chart with 69.948 million shares valued at N8.201 billion. Access Holdings followed with 45.369 million shares worth N1.287 billion, while Guaranty Trust Holding Company (GTCO) traded 37.469 million shares valued at N4.813 billion.

Tantalizers traded 21.305 million shares valued at N22.414 million, while Wapic Insurance sold 24.298 million shares worth N49.366 million.

https://www.westernpost.ng/equities-market-appreciates-by-n305bn-after-ftse-russells-reclassification/

6 Likes

Re: Equities Market Appreciates By ₦305 Bn After FTSE Russell’s Reclassification by Jamieb(m): 8:10am On Aug 28

I no know where the rebound happened ooo, my own is still recording loss here ooo. Make Stanbic Holdings no whine me oo

1 Like 1 Share

Re: Equities Market Appreciates By ₦305 Bn After FTSE Russell’s Reclassification by Nobody: 8:11am On Aug 28

Peter obi and his supporter won't be happy for it cheesy

8 Likes

Re: Equities Market Appreciates By ₦305 Bn After FTSE Russell’s Reclassification by AlbertNewton: 8:13am On Aug 28

I often struggle to properly understand business economics news like this. Can someone please help out by summarizing the benefits or advantages of this seemingly good news ?

1 Like

Re: Equities Market Appreciates By ₦305 Bn After FTSE Russell’s Reclassification by Tenses: 8:16am On Aug 28

All these perimeters that are not verifiable, tinubu will claim any bogus figures on them to deceive Nigerians that the economy is stable.

1 Like

Re: Equities Market Appreciates By ₦305 Bn After FTSE Russell’s Reclassification by Gotocourt: 8:18am On Aug 28

Yet to reflect in my Stanbic IBTC Nigerian Equity Fund, the investment portfolio is high risk cry

. I call it betting in the financial sector grin

1 Like

Re: Equities Market Appreciates By ₦305 Bn After FTSE Russell’s Reclassification by Image123(m): 8:19am On Aug 28*

Nice one, we're just beginning.
It's a very big deal for our economy, Nigeria is on the rise.

FTSE Russell, MSCI and S&P Dow Jones Indices classify equity markets for international investors. Their three familiar tiers are:
1. Developed Market
2. Emerging Market
3. Frontier Market
There is also a fourth category used when a market cannot appropriately sit in those investable universes: Standalone / Unclassified, depending on the provider.

For Nigeria,
1980s → Developing economy / small capital market
↓
1990s → Emerging/frontier-type market developing
↓
2000s → Frontier market
↓
2010s → Strong frontier-market position, with hopes of emerging-market promotion
↓
2020–23 → Serious deterioration in international market accessibility
↓
2023–24 → MSCI & S&P move Nigeria out of Frontier into Standalone
↓
2023–26 → FTSE moves Nigeria to Unclassified
↓
September 2026 → FTSE returns Nigeria to Frontier

This clearly shows we're back on the progress ladder. Things are getting better, not worse.
By September 2014, Nigeria was firmly classified by FTSE as a Frontier Market. FTSE's 2014 classification table places Nigeria among Frontier markets alongside countries such as Kenya, Ghana, Mauritius, Qatar, Romania and Vietnam.
In 2016, FTSE put Nigeria on a watch list concerning its status as a Frontier market. By 2017, FTSE decided to retain Nigeria as a Frontier market rather than move it out of the classification.
Foreign investors don't just care about whether Nigerian companies are profitable.
They need to be able to:
invest → buy shares → sell shares → convert naira → obtain foreign currency → repatriate their money.
When that mechanism becomes unreliable, the country's investability rating deteriorates.
Nigeria's foreign-exchange liquidity and capital-repatriation problems became particularly serious from around 2020 onward.
Foreign investors were having difficulty repatriating capital and that it had consequently suspended certain index-related actions on Nigerian stocks.

In September 2025, FTSE put Nigeria on its watch list for possible restoration to Frontier status because the FX situation had improved sufficiently to meet its Frontier-market requirements.

Then in April 2026, FTSE officially announced:
Nigeria from Unclassified to Frontier.
The change is scheduled to become effective 21 September 2026.
FTSE says Nigeria now meets the five FTSE Quality of Markets criteria required for Frontier status, following improvements in FX queues and the ability of international institutional investors to repatriate capital.

This is like a huge signal. Nigeria is reopening a major financial highway to international capital. More foreign investment can come into Nigerian companies. This can mean more demand for shares of Nigerian companies such as banks, telecoms, consumer companies and industrial firms.
More demand brings potentially higher share valuations, and then companies can raise capital more cheaply.

Suppose a Nigerian company wants to raise ₦100 billion. If international investors regard Nigeria as difficult or risky to access, the company has to offer a much higher expected return to attract investors.
But if international investors become more comfortable with the market, the cost of equity capital can fall. That makes it easier for companies to expand factories, build telecommunications infrastructure, finance technology, acquire businesses, create jobs, and expand across Africa.

It's why folks like us get inconvenient with opposition spoiling Nigeria or scaring foreigners from Nigeria. It's shooting the country in the foot, self-destruction. It's easier to destroy than build. But when we talk, they call us evil, paid, devil and whatever other name. Shooting Nigeria in the foot hurts us all, not just politicians or some political party.

This beautiful development can help Nigeria attract long-term institutional investors. We're talking about institutions such as pension funds, sovereign wealth funds, mutual funds, ETFs, insurance companies, asset managers, university/endowment funds.
Many of these institutions don't simply decide, "Nigeria looks interesting; let's buy Nigerian stocks." They operate within investment mandates and benchmark rules. If Nigeria is excluded from an investable index, a fund tracking that index may have little or no reason—or sometimes the mandate—to hold Nigerian securities.
Getting back into the FTSE Frontier universe puts Nigeria back on the radar.

It can improve liquidity on the Nigerian Exchange. This is particularly important.
With additional FX supply, we strengthen the naira indirectly due to large and persistent inflow on the private side.

For the average Nigerian, more international investment leads to more capital available to Nigerian companies, which leads to business expansion and investment.
This brings more production + employment, which will cause higher tax revenues and economic activity, and then potentially higher incomes and living standards for the average Nigerian ready to work and tap from the opportunities.
In church, we'd call it open door/breakthrough. The real prize is what Nigeria does after the door opens.

2 Likes

Re: Equities Market Appreciates By ₦305 Bn After FTSE Russell’s Reclassification by Gotocourt: 8:20am On Aug 28

Jamieb:
I no know where the rebound happened ooo, my own is still recording loss here ooo. Make Stanbic Holdings no whine me oo

You know stanbic can delay system update atimes 🤷‍♂️.

Re: Equities Market Appreciates By ₦305 Bn After FTSE Russell’s Reclassification by Jayhome24: 8:20am On Aug 28

Obi followers go cry this morning. Good news about Nigeria is poisonous to them. Dem go cry too much dis morning. Bucket and handkerchief go sell today due to their cry.

Bad Friday for obi snd his supporters...

4 Likes

Re: Equities Market Appreciates By ₦305 Bn After FTSE Russell’s Reclassification by axglide(m): 8:20am On Aug 28

AnonPoet:
https://www.westernpost.ng/equities-market-appreciates-by-n305bn-after-ftse-russells-reclassification/

This is a good and positive note taking into the month of September.

There has been concerns that CBN’s opening of the OMO(Open Market Operations) to individuals were the reasons for the recent sell off, which could be partly true. The coming weeks will be crucial.

1 Like

Re: Equities Market Appreciates By ₦305 Bn After FTSE Russell’s Reclassification by axglide(m): 8:23am On Aug 28

Gotocourt:
Yet to reflect in my Stanbic IBTC Nigerian Equity Fund, the investment portfolio is high risk . I call it betting in the financial sector

When I subscribed to the High Risk Equity fund via the Stanbic IBTC BlueVest money market portal, I quickly liquidated it and subscribed to the Low Yield investment offering, I no wan get BP abeg.

2 Likes

Re: Equities Market Appreciates By ₦305 Bn After FTSE Russell’s Reclassification by omoadeleye(m): 8:24am On Aug 28

Investors are making money, Obidients are lamenting that they are hungry.

1 Like

Re: Equities Market Appreciates By ₦305 Bn After FTSE Russell’s Reclassification by Gotocourt: 8:25am On Aug 28

Tenses:
All these perimeters that are not verifiable, tinubu will claim any bogus figures on them to deceive Nigerians that the economy is stable.

APC Bandits trademark ,some assets management delay withdrawal up to 2 weeks ,notably GTB.

My request&withdrawal from Stanbic IBTC Assets took just 10mins this morning cool

2 Likes

Re: Equities Market Appreciates By ₦305 Bn After FTSE Russell’s Reclassification by anonimi: 8:26am On Aug 28

Imalwayshorny:
Peter obi and his supporter won't be happy for it

Are they the only ones who Remi Tinubu empowered to sell akara because her husband is clueless about creating 50 million jobs promised huh

“You no dey shame. How you go wear APC cap still dey price goods? Suffer no dey tire you?”👀👀

— Moment people bl@sted a man wearing an APC cap while pricing goods in the market. pic.twitter.com/zdqLcJ2dnT
— CHUKS 🍥 (@ChuksEricE) April 8, 2026

Re: Equities Market Appreciates By ₦305 Bn After FTSE Russell’s Reclassification by ppogba: 8:30am On Aug 28

Jamieb:
I no know where the rebound happened ooo, my own is still recording loss here ooo. Make Stanbic Holdings no whine me oo

So, it is when you own portfolio rebounds that there is a rebound?

Anyone who claims to own shares should be more sensible na.

2 Likes

Re: Equities Market Appreciates By ₦305 Bn After FTSE Russell’s Reclassification by anonimi: 8:31am On Aug 28

Jayhome24:
Obi followers go cry this morning. Good news about Nigeria is poisonous to them. Dem go cry too much dis morning. Bucket and handkerchief go sell today due to their cry.

Bad Friday for obi snd his supporters...

Can good news about Nigeria be more poisonous to anyone than it is to Tinubu and his fellow APC ~~leaders~~ looters who invited terrorists to destroy our country before he went to Kaduna and begged Buhari to make Jonathan a one term president?

No one beats Tinubu in hatred for Nigeria. No one!!!

https://www.youtube.com/watch?v=Y5Tta19OYEE?si=HknaDB2bw8FaAD3r

anonimi:
What group of politicians is more wicked than A-looter Propaganda Conmen, APC

https://x.com/BusinessDayNg/status/1554497253158658049

How we brought In Fulani militias from Mali, Sierra Leone, Senegal, others to win 2015 election — Kawu Baraje - mailchi.mp/businessday.ng…

Aug 2, 2022

Re: Equities Market Appreciates By ₦305 Bn After FTSE Russell’s Reclassification by ppogba: 8:33am On Aug 28

Tenses:
All these perimeters that are not verifiable, tinubu will claim any bogus figures on them to deceive Nigerians that the economy is stable.

It is only a F... that will claim what is available to him at the click of a button is not verifiable.

Indeed, there is education and there is common sense.

1 Like

Re: Equities Market Appreciates By ₦305 Bn After FTSE Russell’s Reclassification by Gotocourt: 8:36am On Aug 28

axglide:
When I subscribed to the High Risk Equity fund via the Stanbic IBTC BlueVest money market portal, I quickly liquidated it and subscribed to the Low Yield investment offering, I no wan get BP abeg.

Equity is a high risk investment, not for the weak grin

. Omorr, your mind go touch ground 🤣😢.
99.999999999999% of my investment is in Money Market Fund 👌While 0.0000000000000000000000001% in Equity Fund. grin

Re: Equities Market Appreciates By ₦305 Bn After FTSE Russell’s Reclassification by PDPdestroyer(m): 8:41am On Aug 28

Obidients will be very sad with this development

Re: Equities Market Appreciates By ₦305 Bn After FTSE Russell’s Reclassification by DystopianMuse(f): 8:43am On Aug 28

AlbertNewton:
I often struggle to properly understand business economics news like this. Can someone please help out by summarizing the benefits or advantages of this seemingly good news ?

GOOGLE AND CHATGPT ATE YOUR FRIENDS. BUT NO IF IT IS NOT PELLER AND SLL THOSE RIFF RAFFS YOU WON'T DO ANYTHING. JUDT ENTERTAINMENT STUFFS AND VIBES

Re: Equities Market Appreciates By ₦305 Bn After FTSE Russell’s Reclassification by Jayhome24: 9:02am On Aug 28

anonimi:
Can good news about Nigeria be more poisonous to anyone than it is to Tinubu and his fellow APC ~~leaders~~ looters who invited terrorists to destroy our country before he went to Kaduna and begged Buhari to make Jonathan a one term president?

No one beats Tinubu in hatred for Nigeria. No one!!!

https://www.youtube.com/watch?v=Y5Tta19OYEE?si=HknaDB2bw8FaAD3r

Eeyah yu woke up his morning with these much frustration. Pls who do you like this? Joy just dissappeard in your life, laziness, entitlement mentality and frustration now ruling your heart. Sorry ooo you will be alright one day.

Pls if you need job or business ideas without breaking the banks I can help you cus it is too dangerous for you to go on like this. Ndooh!!!

Re: Equities Market Appreciates By ₦305 Bn After FTSE Russell’s Reclassification by sharone21(f): 9:21am On Aug 28

Okay.

Several Africans who are not Nigerians ( also other races), also want to invest in Nigeria ( equities, mutual funds, fixed deposits etc) but the main criteria is getting a residence permit first for which the information( steps on this) on this is vague( Ministry of Interiors and Information/ Orientation should work harder on this).... Besides this, it seems expensive to maintain.

We really need a visa system that is more welcoming to investors whether they choose to stay or stay and return at interval months or years.

Re: Equities Market Appreciates By ₦305 Bn After FTSE Russell’s Reclassification by AlbertNewton: 9:44am On Aug 28

DystopianMuse:
GOOGLE AND CHATGPT ATE YOUR FRIENDS. BUT NO IF IT IS NOT PELLER AND SLL THOSE RIFF RAFFS YOU WON'T DO ANYTHING. JUDT ENTERTAINMENT STUFFS AND VIBES

What is PELLER AND SLL ?
And why did you type in all caps ?

Re: Equities Market Appreciates By ₦305 Bn After FTSE Russell’s Reclassification by bassdow: 10:35am On Aug 28*

Jamieb:
I no know where the rebound happened ooo, my own is still recording loss here ooo. Make Stanbic Holdings no whine me oo

Stanbic, like most DMB affiliated holdings no dey help. Seems it comes with being too big that they play too careful. Common MMF, they got lowest rates

1 Like

Re: Equities Market Appreciates By ₦305 Bn After FTSE Russell’s Reclassification by AcadaWriter0: 10:56am On Aug 28

Let's just say it's looking good for this one!

Re: Equities Market Appreciates By ₦305 Bn After FTSE Russell’s Reclassification by creativejagaban: 11:10am On Aug 28

AnonPoet:
https://www.westernpost.ng/equities-market-appreciates-by-n305bn-after-ftse-russells-reclassification/

Good news, bumper-to-bumper to Nigerians...

But it's all bad news to obiDENTS grin

The only thing you WILL FOREVER be hearing from them is HUNGER grin

{
ATIKU: We will reverse subsidy
PAUL IBE (Atiku's Aid): We will return subsidy and remove it later
OBI: I dont even know any more grin

}

Ask them to debate on:
NELFUND
CREDICORP
INFRASTRUCTURE
STATE POLICE
TAX REFORM
SUBSIDY
LOCAL GOVERNMENT AUTONOMY
TRADE SURPLUS
GLOBAL POSITIVE RATINGS
STOCK MARKET BOOMING
NO ASUU STRIKE
NO DOCTOR STRIKE
NO QUEUE AT FILLING STATIONS
NO NLC STRIKE
FX STABILITY
RESERVES GROWING ASTRONOMICALLY
MILITARY PERSONNEL EARNING MORE
REGIONAL DEVELOPMENT COMMISSION
PENSIONERS HAPPY
BANK CAPITALIZATION FANTASTIC
STABLE FINANCIAL SYSTEM
MORE MONEY TO STATES (Ask your state governors grin

)
CNG INITIATIVES
AVIATION REFORMS
AGRICULTURE REFORMS

SUBSIDY IS GONE FOREVER...

ETC...
ETC...
ETC...

Tinubu till 2031.

Re: Equities Market Appreciates By ₦305 Bn After FTSE Russell’s Reclassification by bassdow: 11:14am On Aug 28

Seriously, must we tribalize and politicize every thing ?

Re: Equities Market Appreciates By ₦305 Bn After FTSE Russell’s Reclassification by bassdow: 11:16am On Aug 28

axglide:
When I subscribed to the High Risk Equity fund via the Stanbic IBTC BlueVest money market portal, I quickly liquidated it and subscribed to the Low Yield investment offering, I no wan get BP abeg.

Losses remain on paper till you actually liquidate.

Me get one wey don dey go down since BUT me ignore am mostly because I knew what I got into hence was prepared. Even if e later enter negative, I go still leave am BECAUSE the LOSS becomes REAL the moment I liquidate.

it's reason one shouldn't put all eggs in a single basket + know what you doing or at least have idea.

Later, and at right time, e go rebound.

But then, story for different had I invested what I can't afford to look away from

Re: Equities Market Appreciates By ₦305 Bn After FTSE Russell’s Reclassification by bassdow: 11:22am On Aug 28

axglide:
When I subscribed to the High Risk Equity fund via the Stanbic IBTC BlueVest money market portal, I quickly liquidated it and subscribed to the Low Yield investment offering, I no wan get BP abeg.

Actually, everything get seasons. e get when MMF or equities or bonds dey more favourable. What matters is knowing what you doing, which would let you know when to get in and get out.

At end of the day, what matters is not quiting and spreading your portfolio.

Re: Equities Market Appreciates By ₦305 Bn After FTSE Russell’s Reclassification by Fishermen: 11:31am On Aug 28

305 billions recovered while trillions were lost and you are mentioning Obi.?

Imalwayshorny:
Peter obi and his supporter won't be happy for it

Re: Equities Market Appreciates By ₦305 Bn After FTSE Russell’s Reclassification by Alliswell248: 12:16pm On Aug 28

Tenses:
All these perimeters that are not verifiable, tinubu will claim any bogus figures on them to deceive Nigerians that the economy is stable.

And you too would claim to be educated?
Stock market globally works based on fundamental.... that is...good news about the country.

If you invest in stocks. You would understand better

Re: Equities Market Appreciates By ₦305 Bn After FTSE Russell’s Reclassification by Alliswell248: 12:18pm On Aug 28

Fishermen:
305 billions recovered while trillions were lost and you are mentioning Obi.?

People sell shares to raise money for whatever.
It wasn't lost. They made gain and sold part of their shares

Fyi...Peter Obi is going to lose again
Atiku won't win a single state in the South

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