The Nigerian Stock Exchange All-Share Index is closing 2020 as the best performing, recording a growth of 47.2 per cent a day to end of the year. The return, which is the highest annual growth since 2013, is the most among 93 equity indexes tracked by Bloomberg.
Significant portion of the growth has been recorded in December with the market appreciating 12.8 per cent as investors’ appetite for riskier assets remained strong due to persistent low yield on fixed-income instruments. Similarly, BUA Cement Plc has recorded significant growth as investors flocked to the stock after the company announced expansion plans. MTN Nigeria Plc and Airtel Africa Plc have received unprecedented demand that has lifted their shares, thereby boosting the overall performance of the market.
Liar liar. Stop giving Nigeria economy a favourable out look because it is already a failed economy.
How come 🙂