Nigeria: Market Records Highest Growth Since 2008

11 October 2012

The price rally at the Nigerian stock market continued Wednesday with the market recording a year-to-date (YTD) growth of 30.7 per cent, the highest since the meltdown in 2008.

The market has not witnessed a yearly growth of this nature since 2008 when it went down by 45.7 per cent. The market also fell by 33.7 per cent in 2009, grew by 18.9 per cent in 2010 only to decline by 16.3 per cent in 2011. However, as the close of trading yesterday, it has recorded a YTD growth if 30.7 per cent.

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