The equities market began 2021 on positive note yesterday as the Nigerian Stock Exchange All-Share Index rose 2.18 per cent to close at 41,147.39, while market capitalisation added N458.4 billion to be at N21.5 trillion.
There was a strong buying interest in cement and banking stocks. BUA Cement Plc, which announced its successful completion of the N115 billion Series 1 Fixed Rate Senior Unsecured Bond Issue under the company’s maiden N200 billion Bond Issuance Programme, chalked up 9.9 per cent. International Breweries Plc and Fidelity Bank Plc garnered 9.9 per cent each, just as FBN Holdings Plc and Japaul Gold Ventures Plc went up by 9.7 per cent and 9.6 per cent respectively.
Even this 2.2 % is not so impressive. It’s just primarily because we are just trying to recover from the effect of the recession.