Leadership (Abuja)

Nigeria: Stock Market - Domestic Investors Increase Stakes to 41 Percent

By Chris Ugwu, 11 January 2013

Local investors on the floor of the Nigerian Stock Exchange have increased the stake to 41 per cent leaving the remaining 59 per cent in the hands of foreign investors.

The latest report monitored by LEADERSHIP showed that the domestic investors previously held 30 per cent of investment in the stock market but between January and December 2012, it was increased to 41 per cent, a development which has been described by market watchers as a good omen for the growth of the market.

The President of the Association of Stockbroking Houses of Nigeria (ASHON), Mr Emeka Madubuike, attributed the development to various steps taken by managers of the nation's Stock Exchange and other stakeholders to boost investment in the market.

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