Nigerian stock market gains N443bn to begin week on positive note

The Nigerian equities marketplace opened the week connected a affirmative note, with investors signaling a summation of N443 cardinal amid renewed buying involvement crossed large stocks.

Market capitalization roseate by 0.34 percent, expanding from N131.165 trillion astatine the commencement of trading to N131.608 trillion astatine the adjacent of the session. Similarly, the All-Share Index precocious by 688.43 points, oregon 0.34 percent, to settee astatine 204,458.86 from 203,770.43 recorded previously.

Market breadth closed successful affirmative territory, with 32 gainers outweighing 24 losers, portion the year-to-date instrumentality improved to 31.39 per cent.

On the gainers’ chart, NGX Group led with a 10 percent summation to adjacent astatine N153.45 per share.

Trans-Nationwide Express followed with a 9.81 per cent summation to N4.14, portion MC Nichols roseate by 9.74 per cent to N7.10. VFD Group and CHAMS besides recorded gains of 9.71 percent and 8.96 percent, respectively.
Conversely, Berger Paints topped the losers’ array with a 9.95 percent diminution to N68.35 per share.

Academy Press fell by 9.71 per cent to N7.90, portion Caverton Offshore Support Group dropped by 5.98 per cent to N5.50. Honeywell Flour and CAP besides recorded losses of 4.92 percent and 3.81 percent, respectively.
Despite the bullish performance, trading enactment declined arsenic full measurement traded dropped by 14.33 percent to 470.01 cardinal shares valued astatine N32.4...