Nigerian investors recorded capital gains of N314
billion in the first half of this year, indicating a
modest average return of 3.34 per cent over the six-
month period.
billion in the first half of this year, indicating a
modest average return of 3.34 per cent over the six-
month period.
Riding on the back of sustained gains in May and
June, the stock market erased the losses in the
previous four months and left the investors with
some N314 billion in capital gains.
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 (NSE) 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.
