Stocks prices on NSE Jump as investors seek higher yields – Bloomberg

Nigerian stocks prices surged by the most in more than five years Tuesday, extending their rally to a 12th day, as meager local interest rates sent traders on a hunt for yields.

The Nigerian Stock Exchange All Share Index climbed as much as 4.4% in Lagos, the sharpest gain since April 2015. The benchmark has climbed 12% in the past month, more than any of the other 93 major global gauges tracked by Bloomberg. It’s on the longest winning run since July 2017. Reports Bloomberg

By Tope Alake and Adelaide Changole, Bloomberg