Nigerian stocks rise 2.14% to extend 2020 rally

Published 04/01/2021, 14:32
Updated 04/01/2021, 14:36

ABUJA, Jan 4 (Reuters) - Nigerian stocks rose 2.18% on
Monday, its first trading session of 2021, extending last year's
rally, lifted by shares of banking and consumer goods companies.
The index climbed to 41,148.95 points, a level last seen in
May 2018, almost a three-year high.
Nigeria's stock index climbed 50% in 2020, its highest level
in 17 years after domestic investors piled into equities in the
last quarter of the year following excess cash on money markets
due to low bond yields.

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