Dec 31 (Lagos) - The rally on the Nigerian Stock Exchange intensified on the last trading day of the year thanks to a rally in shares of
MTNN which rose 9.9% to close the year on a new all time high.
That was enough to push the bears down once again who tried to resurface in the financial sector today with most bank stocks down barring
UBA and
FCMB which put up resistance.
Other stocks that helped arrest the bears charge were
BUACEMENT and food sector stock
NNFM . Lets not forget people still have to ear no matter how bad inflation gets in the country because of the CBN policies and flip flops people will still eat even if they eat cheaper alternatives.
Wish all easykobo members a HAPPY NEW YEAR.
May 2021 bring a rally that shocks bears that despite so much negative news and catalysts how can stocks go up. May these be the questions asked next year.