-Iheanyi Nwachukwu
Nigeria’s stock market is now world’s best after Wednesday’s positive close helped the market to beat Argentina, a country it was trailing last week.
Nigerian Exchange Limited (NGX) All Share Index (ASI) rose by 2.38 percent on Wednesday, surpassing 90,000 mark as bulls dominate trade. The market has risen this year by 20.45percent, amid week-to-date (WtD) rally of 8.45percent.
Wednesday’s positive close came as more investors bought shares of Guinness Nigeria which reached maximum daily increase of 10percent and others like Wema Bank (+10percent), Honeywell Flourmills (+10percent), AIICO (+10percent), and Sunu Assurances (+10percent).