Nigeria’s 47.2 stock market return is the best in Africa in 2013 and players in the Nigerian stock market raked in more money in the past 12 months than their peers in other major African exchanges, such as the Johannesburg and Nairobi exchanges, the results show.
The market’s best performance in the past five years was driven by relative stability of the naira, which impacted foreign portfolio inflows (FPI), increased liquidity across the globe that resulted from the US Fed’s quantitative easing (QE) programme, and improved investor appetite in Nigerian equities.
The stock market returned 47.2 percent in 2013 –the best performance since 2008.
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http://businessdayonline.com/2014/01/nigerias-47-stock-market-returns-best-in-africa-in-2013/
