The Nigerian Exchange Ltd. (NGX) market capitalisation has gained N15.25 trillion in value in the first five months of the year, amidst domestic and global economic headwinds. NGX, in a report made available on Thursday in Lagos, stated that the market attained the record following investors continous investment in fundamentally sound quoted companies on the
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Several infrastructure and capital-goods stocks are trading above their 10-year average PE multiple. Yet, most fund managers are comfortable investing in them because of the underlying growth visibility in these sectors.