African capital market

Lagos, Nigeria (Capital Markets in Africa):- The Nigerian stock market advanced further, up 7bps today to close at 34,439.52 points. All share index sustained uptrend on the last three trading days of the week bringing W-o-W return to 0.1%. In the same vein market capitalization advanced N7.9bn to close at N11.7tn. The positive performance on the Nigerian Bourse was largely driven by appreciation in FORTE OIL (+8.5%) and NIGERIAN BREWERIES (+0.8%). Market activity as measured by…