Nigerian stock market opens week on positive note as investors gain N288bn

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The Nigerian banal marketplace began the week connected a bullish enactment on Monday, with investors signaling a summation of N288 cardinal contempt a antagonistic marketplace breadth.

Market capitalisation roseate by N288 billion, oregon 0.18 per cent, to adjacent astatine N158.614 trillion, up from N158.326 trillion astatine the opening of trading.

Similarly, the All-Share Index, ASI precocious by 446.85 points, representing a 0.18 per cent increase, to adjacent astatine 245,283.68 from 244,836.83 recorded successful the erstwhile trading session.

The market’s show further boosted the Year-to-Date, YTD instrumentality to 57.91 per cent.

However, marketplace breadth remained negative, with 39 stocks declining against 25 gainers astatine the adjacent of trading.

Among the apical gainers, Eterna Plc and Caverton Offshore Support Group appreciated by 10 per cent each to adjacent astatine N36.30 and N5.50 per share, respectively.

Omatek Ventures gained 9.88 per cent to settee astatine N1.78, portion AVA Capital roseate by 9.70 per cent to N9.05. Vitafoam Nigeria besides precocious by 7.90 per cent, closing astatine N194.00 per share.

On the losers’ chart, Ecobank Transnational Incorporated, ETI led with a 9.95 per cent diminution to adjacent astatine N80.10 per share.

Cadbury Nigeria fell by 9.92 per cent to N58.10, portion Thomas Wyatt Nigeria dropped 9.82 per cent to N3.95 per share.

Also, WAPIC Insurance shed...