Lagos - Forte Oil Plc and Ecobank Transnational Incorporated (ETI) have been included in the Morgan Stanley Capital International (MSCI) Frontier Market Index, one of the world’s leading equity index provider.
The inclusion of the two companies into the index meant that investment inflow of over $200million would be redirected toward the Nigeria investment market, reports ThisDay.
The admission of Forte and ETI into the index was effected following the exclusion of 30 securities from the index and the addition of 13 new performing securities into the MSCI Frontier Markets Index.
Forte Oil PLC achieved a 1164.55 percent share price growth to emerge the best performing and investment stock on the NSE in 2013.
Read more at ThisDay
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