Nigeria: Stock Market Rebounds On Positive First Quarter Results

25 April 2016

Investors in the Nigerian equities market heaved a sigh of relief last week as the market recorded a marginal gain to close the week in the green. The market had declined by 2.40 the previous week. However, the market witnessed a rebound last week with the Nigerian Stock Exchange (NSE) All-Share Index rising by 0.53 per cent to close at 24,850.11.

The positive performance, despite the overall bleak short term outlook, was driven by bargain hunting and first quarter corporate results.

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