Nigeria: NSE in 2012 - Efforts At Recovering Lost Gains

24 December 2012

Hopes by experts, as well as market observers in the Nigerian capital market, that transactions in equities would rally more in the year 2012 can be said to be a dream coming to pass, as recent activities on the stock market showed a gradual return of confidence.

This is because transaction on the Nigerian Stock Exchange (NSE) akin to the preview of experts for the year under review has continued to sustain trajectory as the market which opened low at N6.513 trillion in market capitalisation and 20,671.06 in index at the beginning of trading on 3rd of January 2012 closed on Tuesday December 18 at N8. 767 trillion and 27,437.76 index points, hence has recorded year to date gain of about N2.254 trillion or 25.7 per cent.

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