Nigerian stocks hit 33-month high on foreign fund buying

Nigerian stocks hit a 33-month high on Tuesday as foreign investors bought shares following improved liquidity on the currency market and a strong half-year performance by listed companies.

Nigerian assets, largely shunned by foreign investors over the past three years, are back on their radar thanks to a drop in valuations and improved visibility on exchange rates.

The main share index climbed 1.26 percent, its sixth day of gains to reach 37,999 points, a level it lasted touched on Oct. 29, 2014.

Read more: UPDATE 1-Nigerian stocks hit 33-month high on foreign fund buying | Reuters

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