NGX opens week bullish, market cap gains N160bn

The Nigerian equities market opened the week with a bullish trend on Monday, as gains in several stocks led to an overall market capitalisation increase of N160bn. The All-Share Index climbed by 246.50 basis points or 0.10%, closing at 243,299.24 points. The rise was primarily driven by medium and large-capitalised stocks, including Nestle Nigeria, Nigerian Exchange Group, FBN Holdings, Custodian Investment, and Dangote Sugar Refinery.

However, the positive market sentiment remained cautious, as the breadth of the market closed with 28 stocks losing value against 19 gainers.

Brief written by urgent.news from Punch Nigeria's own syndicated text. Machine-written — may contain errors; check the original before relying on it.