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Nigeria is 3rd most profitable stock market

03 January 2013, 13:35

Lagos - Nigeria is the third most rewarding stock market  globally in 2012 behind Egypt and Kenya, Businessday reports.

According to a study by Meristem Research, the bulk of the returns came from NSE 30 selected stocks with 44.61 percent YtD return, Food and Beverages, 42.27 percent and banking, 23.91 percent.

The Nigerian Stock Exchange All Share Index finished the year at 28,078.80 with market capitalisation of N8.974 trillion.

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