Since the end of May 2023, Nigeria has experienced a drastic shift in its economic activities. The government has rolled out a lot of policies including subsidy removal, and implementation of parallel exchange rates among many others.
It is objective to say that these policies have indeed expanded public revenue, but further increased the inflationary gap which many Nigerians are struggling to cope with.
However, despite the imposed challenges, various sectors have kept the economy going in the downstream market. Consumer Discretionary has recorded a return of 257.63% since May of this year, while the tech, energy and healthcare industries also generated a return of 126.38%, 55.88%, and 43.42% respectively.
Among the top markets with the highest returns are Financials, Industrials, Consumer staples, Materials, Telecom, Utilities and Real Estate market.