Local stock market opens week bullish, investors earn N276bn


Trading in the Nigerian equities market kicked off the week with positive sentiments as investors rallied MTN Nigerian and Dangote Cement.

Thus, the benchmark index closed higher by 1.3 per cent to 42,411.12 basis points. Accordingly, the Month-to-Date loss moderated to -1.9 per cent while the Year-to-Date gain increased to +5.3 per cent.

This outing pegged the equities market capitalisation of the Nigerian Exchange Limited (NGX) at N22.130 trillion as investors gained N276 billion in the session.

Market breadth closed in favour of the bulls with 23 counters in the gainers’ chart pitted against 15 counters in the losers’ chart.

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Source: Nigerian Tribune

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