LAGOS: Nigeria’s main share index approached a 9-month high on Thursday, after rising for a third straight day as investors poured cash into banking and consumer goods stocks.
The stock market, which has the second-biggest weighting after Kuwait on the MSCI frontier market index, climbed 2.9 percent to 30,999 points by 1234 GMT, a level last seen on Oct. 2.
Stocks are up 5.2 percent so far this year, wiping out earlier losses since the central bank floated the naira this week and eased trading restrictions on the currency that caused foreign investors to flee.
Copyright Reuters, 2016
Courtesy : BRecorder