Nigerian stock market opens week strong as investors gain N515bn

The Nigerian banal marketplace began the week connected a affirmative enactment on Monday, with investors signaling a summation of N515 billion.

Market information showed that the wide marketplace capitalisation roseate by N515 billion, representing a 0.33 per cent increase, to adjacent astatine N156.108 trillion, up from N155.593 trillion recorded astatine the adjacent of trading on Friday.

The benchmark All-Share Index (ASI) besides appreciated by 802.94 points, oregon 0.33 per cent, advancing from 242,593.31 to 243,396.25.

As a result, the market’s year-to-date instrumentality improved to 56.41 per cent.

Trading activities closed with a affirmative marketplace breadth, arsenic 32 stocks posted gains compared to 30 losers.

On the gainers’ chart, International Energy Insurance led with a 9.92 per cent summation to adjacent astatine N7.98 per share. It was followed by The Initiates Plc, ABC Transport, and Abbey Mortgage Bank, which besides recorded notable gains.

On the losers’ table, Fidson Healthcare emerged arsenic the worst-performing stock, shedding 10 per cent to adjacent astatine N122.85 per share. Academy Press declined by 9.70 per cent to N7.45, portion RT Briscoe mislaid 9.43 per cent to settee astatine N13.45 per share.

Meanwhile, investors traded a full of 717.16 cardinal shares valued astatine N56.66 cardinal successful 73,321 deals. This represented an summation from the 608.49 cardinal shares worthy N32.03 cardinal exchanged successful ...