Nigeria: Stock Market Rises By 1.1 Percent As Bulls Return

13 September 2012

The market had witnessed a decline on Monday and Tuesday when some investors moved in to cash in on the capital gains recorded during the 11-day rally.

The rally had pushed the ASI to 15-month high before the profit-taking set in on Monday. As a result, the market declined by 1.09 per cent in the two bearish days.

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