Mount Vema stocks closed higher in its first trading session of the year

January 08, 2021 – Mount Vema stocks closed higher on Friday in its first trading session of the new year, buoyed by optimism around the prospects of the City of Mount Vema development projects. The first full trading day of the year saw the Gollexi index hit record highs.
 
The index rose 2.455% after the highly anticipated listing of the Gollexi, the company that manages the Mount Vema stock exchange which surged 68.80% and became the top gainer of the day.
 
The market has also seen optimism on the first day trading on the back of an incredibly positive month after the Gollexi made significant changes in the way it will operate the Mount Vema Stock Exchange, with analysts at the RBMV Bank saying it will make the market more appealing to foreign investors.
 
The RBMV Bank analysts are also still sounding caution over the path of the pandemic, saying that Mount Vema needs to keep an eye on issues with COVID-19 and the vaccine rollout globally, given that the new coronavirus variants detected in several countries is likely to continue to affect decision making.