Nigeria: Low Prices Boost Equities Market's Gain By N1.6 Trillion in Q2

2 July 2020

The high demand for shares because of their low prices made the Nigerian stock market perform positively in the second quarter (Q2) of the year, gaining N1.667 trillion despite the lockdown occasioned by the COVID-19 pandemic.

THISDAY gathered that despite the lockdown and the attendant losses recorded by many businesses, investors were demanding the stocks of companies in the healthcare, food/beverages, and household products and telecommunications sectors believed to have been favoured by the COVID-19 pandemic.

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