Wednesday, March 6, 2013

Nigeria stock market surge will continue in 2013

Traders on the floor of the Nigerian Stock exchange. PHOTO/File

(Reuters) - Nigerian stock market bulls say last year's surge in share prices will continue throughout 2013, citing falling bond yields and strong earnings as powerful lures for investors to return to the market.

Nigeria ended 2012 as the second best performing stock market in Africa behind Uganda, after sub-Saharan Africa's second biggest index rose 35 percent.

So far this year, it has risen 18.2 percent, vastly

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