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Stock market opens bullish, gains N84bn

The Nigerian Exchange Ltd. (NGX) on Monday opened the week positive with N84 billion profit added to the portfolios of investors.

Specifically, the market capitalisation which opened at N58.920 trillion, gained N84 billion or 0.14 per cent to close at N59.004 trillion.

The All-Share Index also gained 0.14 per cent or 138.1 points, to close at 97,374.25, against 97,236.19 recorded on Friday.

Consequently, the Year-To-Date(YTD) return increased to 30.23 per cent.

Demands for Aradel, Flour Mill, AXA Mansard drove the market’s positive performance.

However, market breadth closed negative with 27 losers and 24 gainers.

United Capital led 26 other declined equities on the losers table by 9.78 per cent to close at N16.15 per share.

Also, Eunisell Ltd., led 23 other equities on the gainers’ table by 10 per cent to close at N9.02 per share.

Analysis of the market activities…
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