News Update



NIGERIAN STOCKS NEAR 8-MONTH HIGH

Wednesday 22 June, 2016

As reported on Page 38 of BUSINESSDAY's issue of Wednesday June 22, 2016, Nigerian stocks Tuesday ended near an eight-month high as investors renewed interest in shares after the CBN floated the naira to lift currency curbs earlier viewed as harming investment and helping cause to economy to contract.

After Monday's profit taking activity, Nigerian stocks moved northwards with =N=224billion gain. The Nigerian Stock Exchange (NSE) All Share Index (ASI) increased by 2.27% while the Year-To Date (YTD) return stood at 2.72%.

The ASI closed at 29,422.71 points against the preceding day close of 28,769.90 points while market capitalisation closed at =N=10.105 trillion against the preceding day close of =N=9.881 trillion.

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