Nigeria Business News Investors reap returns above 50% in six stocks By BusinessNews Staff on October 14, 2014 Despite the lacklustre performance of the Nigerian equities market so far this year, about six companies have fetched their investors capital appreciation of over 50 per cent, THISDAY investigations have revealed The aggregate growth of the equities market measured by the Nigerian Stock Exchange (NSE) All-Share Index (ASI) posted a negative return of 2.14 per cent as at last Friday. While some stocks have recorded declines below that the ASI level, THISDAY analysis of the performance of the market showed that investors in six companies have reaped growth between 52 per cent and 442 per cent. The six stocks are Premier Breweries Plc, Ikeja Hotels Plc, Forte Oil Plc, Seven-Up Bottling Company Plc, Custodian and Allied Plc and Ashaka Cement Plc.
Posted on: Wed, 15 Oct 2014 00:53:56 +0000
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