Nigeria: Banking Stocks Gains Sustain Market Rally

15 January 2013

The Nigerian equities market continued its positive run Monday helped by appreciation recorded in the share prices of Skye Bank Plc, FBN Holding Plc, Guaranty Trust Bank Plc, Diamond Bank Plc, Access Bank Plc, First City Monument Bank Plc, Union Bank of Nigeria Plc and Fidelity Bank, amongst others.

The renewed interest in banking stocks is largely due to the expected 2012 full-year results that investors believe will be robust.

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