NSE ASI hits new high on BUA Cement, Zenith, Access Bank gains

Nigeria’s equities market closed in the green zone on Tuesday, being the first trading day after Christmas holidays.

Stocks like BUA Cement Plc, Zenith Bank Plc, Access Bank Plc, NEM Insurance Plc and NPF Microfinance Bank Plc helped drive the market’s upward trajectory.

BUA Cement Plc moved up most from N60 to N64, up by N4 or 6.67 percent. It was followed by Zenith Bank Plc which increased from N24.5 to N25, up by 50kobo or 2.04 percent, while Access Bank Plc rose from N8.6 to N8.95, up by 35kobo or 4.07 percent.

The Nigerian Stock Exchange (NSE) All Share Index (ASI) increased by 0.80 percent while the market’s positive return year-to-date (YtD) increased to 45.70 percent.

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By Iheanyi Nwachukwu • January 4, 2021

Iheanyi Nwachukwu

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.