Stocks traded as a percentage of market capitalisation reached 8.20 % in 2018 in Nigeria, according to OECD. This is 39.8 % more than in the previous year.
Historically, stocks traded as a percentage of market capitalisation in Nigeria reached an all time high of 34.8 % in 2008 and an all time low of 0.406 % in 1989.
Nigeria has been ranked 43rd within the group of 53 countries we follow in terms of stocks traded as a percentage of market capitalisation, 9 places above the position seen 10 years ago.
Turnover ratio is the total value of shares traded during the period divided by the average market capitalisation for the period.