QuidMetrics

Nigerian stocks climb on mid-cap strength

Nigeria's equities market reversed recent losses as mid and small-cap stocks rallied broadly.

Nigeria's stock market moved higher, pulling back from earlier declines as mid and small-cap shares gained ground across the board. The broader momentum of the bull market remained intact despite continuing swings in daily trading.

Guinea Insurance stood out among movers, rallying 43 percent during October as fresh funding boosted recovery prospects for the company.