Equities Market Begins Week Positive, Up 0.17%

The Nigerian equities mar­ket on Monday commenced trading for this week on a positive performance as both indicators, the NSE All-Share Index and market capitalisa­tion rose by 0.17 per cent.

The All-Share Index gained 64.96 basis points, representing a growth of 0.17 per cent to close at 39,396.57 points. Similarly, the overall market capitalisation value rose by N34 billion to close at N20.612 trillion.

The uptrend was driven by price appreciation in me­dium and large capitalised stocks amongst which were; Lafarge Africa, Ardova, FBN Holdings, Access Bank and Champion Breweries.

Also, market sentiment, as measured by market breadth, was positive, as 26 stocks gained, relative to 15 losers.