Market Pulse - December 17, 2024
17th Dec, 2024
As of December 17, 2024,
the Nigerian stock market has shown a year-to-date gain of 33.63%, with the All-Share Index (ASI) reaching 99,876.15 points. The market's price-to-earnings (PE) ratio stands at 6.0x, below the 3-year average of 9.7x, indicating potential undervaluation.
Earnings for Nigerian listed companies have grown by 54% annually over the past three years, with revenues increasing by 36% per year. Analysts project an annual earnings growth of 29% moving forward, with the Consumer Staples sector expected to lead with a 54% growth rate over the next five years. :
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