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BUSINESS & ECONOMYCapital MarketCOVERNEWSLETTER

Stocks Market Investors Record N314billion Gain In H1 2016

stock market

Investors at the Nigerian Stock Market recorded capital gains of N314 billion in the first half of 2016, indicating a modest average return of 3.34 per cent over the six-month period.

The Bourse wiped out the losses in the previous four months and left the investors with some N314 billion in capital gains, riding on the back of sustained gains in May and June.

A six-month analysis of the first half showed that the market benefited from the newly introduced market determined foreign rate policy which was a boot to investor confidence.

The main value-based indices at the Nigerian Stock Exchange showed modest performance. Aggregate market value of all quoted equities closed the first half at a high of N10.165 trillion as against its 2015 opening value of N9.851 trillion.

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