Market Opens Week Positive As 38 Stocks Lead N228bn Gain

The Nigerian equities market on Monday closed on a positive note largely due to share price appreciation in 38 stocks.
As a result, the benchmark Nigerian Exchange All-Share Index (NGX-ASI) rose by 0.14 per cent to close at 250,156.80 points. Year to date returns rose to settle at 60.76 per cent, while market capitalisation rose by N228 billion to close at N162.385 trillion.
Overall, the session was characterized by bullish sentiment and mixed trading activity, as the market maintained its positive momentum and closed above the 250,000 level.
As measured by market breadth, market sentiment was negative, as 38 stocks gained relative to 25 losers. Sunu Assurance, NASCON Allied Industr...