Investor Presentaiton
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Market development Programmes
OVERVIEW OF THE MARKET
The global economy witnessed a weak growth in 2012 as the world GDP dropped by 3%. The poor performance was
attributed to the persistent crisis within the Euro-zone economies, according to the Conference Board. Consequently, the
International Monetary Fund (IMF) had to reduce the projected global economic growth rate from ..... to 3.5% for 2013 and
4.1% for 2014. However, most developing economies including Nigeria fared well. For instance Nigeria posted a GDP
growth rate of 6.61% at the end of 2012 compared to the 7.43% in 2011.
According to the World Federation of Exchanges (WFE), 2012 was a very challenging year for exchanges. The volume of all
products traded on WFE members were significantly down (22.5%) for equity transactions and (20%) for derivatives.
However, the WFE reported a positive growth in market capitalization and index performance. The Chart below showed that
the Nigerian market competed favorably with the top 10 member exchanges of the WFE.
Chart 2: Change in Broad Stock Index of Selected Exchanges
Annual Report and Accounts 2013 - Securities & Exchange Commission
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