FBN Securities Nigerian Market Wrap: 2 February 2015
The equities market recouped losses from last week as a combination of strong bargain hunting and thinning offers pushed prices higher in most blue chips. The bourse posted its second best performance in the year, rallying +1.08% albeit on low volumes (turnover – N3.24bln, $16.81m). Block trade of 8.5mln NB ($6.24m) by international investors accounted for over 35% of the value traded. Consumer names were the most impressive, NB(+4.91%) and Nestle(+0.47%) advanced on decent demand…
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